Schaeffer's Trading Floor Blog

At the Close

by 6/16/2005 4:18 PM
Stocks quoted in this article:

The bulls made a push into the close with mixed results...


Chart Courtesy of Thomson/ILX

The SPX did close near its highs for the session, but the late-day effort was not enough to take out this mornings highs and the overall gains on the day are muted...


permanent link

More Buying

by 6/16/2005 3:25 PM
Stocks quoted in this article:

The bulls appear to be making another push...my alert for NYSE net ticks has begun to sound off and the SPX is pushing back towards its highs from this morning...but is still not there...

While I was out of the office earlier, I was discussing the SPX with my colleague Todd Salamone and he pointed out the fact that today's intraday high was almost exactly the same level where the SPX finished 2004.

In other words, with nearly six months of trading under our belts for 2005, the SPX has now moved back to breakeven for the year....

<

permanent link
Stocks quoted in this article:

Here are today's top and bottom performing Exchange Traded Funds (ETFs)...

Top Performing Sector Exchange Traded Funds:

  • iShares Nasdaq Biotechnology (IBB) = +2.43 percent
  • iShares DJ US Basic Materials (IYM) = +1.69 percent
  • streetTRACKS Gold Shares (GLD) = +1.61 percent
  • Biotech HOLDRS (BBH) = +1.42 percent
  • iShares DJ US Energy (IYE) = +1.36 percent
  • iShares GS Natural Resource (IGE) = +1.35 percent
  • Materials Select Sector SPDR (XLB) = +1.19 percent
  • iShares GS Networking (IGN) = +1.17 percent

Bottom Performing Sector Exchange Traded Funds:

  • Consumer Staples Select SPDR (XLP) = -0.09 percent
  • Utilities Select Sector SPDR (XLU) = -0.19 percent
  • iShares DJ US Telecom (IYZ) = -0.21 percent
  • iShares C&S Realty Majors (ICF) = -0.24 percent
  • iShares DJ US Utilities (IDU) = -0.25 percent
  • Utilities HOLDRS (UTH) = -0.35 percent
  • Telecom HOLDRS (TTH) = -0.40 percent
  • Retail HOLDRS (RTH) = -0.41 percent

While the SPX is relatively flat, there are some sectors on the move. Biotech takes the lead with a few of the commodity and materials related groups following along. On the downside there is almost no real selling pressure as these groups are more or less flat...

Note: If you are not familiar with ETFs, make sure you read the Education and FAQ sections in our ETF center.


permanent link
Stocks quoted in this article:

As usual, the first thing I do when getting back to my screen is check the intraday chart of the SPX to see what I might have missed...


Chart Courtesy of Thomson/ILX

And in this case, it appears that I didn't miss much as the market has continued its recent meandering ways...

<

permanent link

My Apologies

by 6/16/2005 2:41 PM
Stocks quoted in this article:

Sorry for the lag in posting....We had a quick offsite to discuss a recent big trade and it took longer than I anticipated. But I am back at my screen and checking in on the action...

<

permanent link
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

Partner Center

© 2015 Schaeffer's Investment Research, Inc. 5151 Pfeiffer Road, Suite 250, Cincinnati, Ohio 45242 Phone: (800) 448-2080 FAX: (513) 589-3810 Int'l Callers: (513) 589-3800 Email: service@sir-inc.com

All Rights Reserved. Unauthorized reproduction of any SIR publication is strictly prohibited.

Market Data provided by QuoteMedia.com | Data delayed 15-20 minutes unless otherwise indicated.