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Wednesday, September 15

She did give a fairly low-risk spot off the one-minute chart, but you had to be quick. 60 cents of initial risk isn't bad and it doesn't take long to move to breakeven when you're operating off the one-minute chart!

TASR
TASR, 1-min. Chart

Posted at 17:26, GMT

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TASR is doing 2000 trades a minute right now... too fast for this old dog to even get in there (though I am down on the 1-minute chart looking for spots). All of those little security stocks are active: TASR, IPIX, MAGS, TBUS, MACE... been awhile since I've seen them all on the scanner.

Posted at 17:14, GMT

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Here are the leading ETFs in various selected categories:

  1. Large-Cap Blend -- SPDR (SPY)
  2. Large-Cap Growth -- NASDAQ 100 Trust Shares (QQQ)
  3. Large-Cap Value -- Industrial Select Sector SPDR (XLI)

  4. Mid-Cap Blend -- MidCap SPDR (MDY)

  5. Small-Cap Blend -- iShares Russell 2000 Index (IWM)
  6. Small-Cap Growth -- iShares Russell 2000 Growth Index (IWO)
  7. Small-Cap Value -- iShares Russell 2000 Value Index (IWN)

  8. Specialty Financial -- Financial Select Sector SPDR (XLF)
  9. Specialty Health -- iShares Nasdaq Biotechnology (IBB)
  10. Specialty Natural Resources -- Energy Select Sector SPDR (XLE)
  11. Specialty Real Estate -- iShares Dow Jones US Real Estate (IYR)
  12. Specialty Technology -- Technology Select Sector SPDR (XLK)
  13. Specialty Utilities -- Utilities Select Sector SPDR (XLU)

  14. Foreign Large Blend -- iShares MSCI EAFE Index Fund (EFA)
  15. Foreign Emerging Markets -- iShares MSCI Emerg Mkts Index (EEM)
  16. Foreign (Japan) -- iShares MSCI Japan Index (EWJ)
Posted at 16:33, GMT

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Sorry, I went down to Mayfair to have lunch with the wife and didn't make it back in time to post the Early Movers list... here's what's moving now anyway -- pretty much all Usual Suspects except for Cyberonics. (This size font on the quote sheet is for old farts like me.)

early movers

Posted at 15:33, GMT

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The coil scanner picked up INTU. Intuit is pausing right at the year's midpoint retracement level ($53.89 high, $35.84 low = $44.87 midpoint). Keep an eye on it to see if $44 holds or fails.

INTU
INTU, 78-min. Chart

Posted at 8:39, GMT

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TD Waterhouse Tries to Lure Customers From Ameritrade:

"TD Waterhouse is losing market share to Ameritrade and Scottrade, which are focused on frequent stock traders, said Edmund Clark, CEO of Toronto- Dominion Bank, TD Waterhouse's parent. 'The active trading market is dominated by Ameritrade,' said Clark...."
Posted at 7:39, GMT

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Last Call, by Emily Lambert:

"Lavender's ranks are clearly thinning. The 10-year pit is down from 150 or so brokers and traders as recently as two years ago to 80 or so. Since the feds stopped issuing 30-year bonds in 2001, the 30-year pit has plunged from 600 to 50 people ... By 10 a.m. on this summer day, without any orders called in for his execution, Lavender passes the time with a crossword puzzle. Later, as visitors look down from the gallery, he reads the comics. He leaves the pit without making a single trade. The volume is low: 24,348 contracts traded in the pit, 442,462 traded on the screen. Lavender shakes his head and writes it off as a seasonal lull."

Denial ain't just a river in Egypt.

Posted at 7:29, GMT

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Schwab tries to right firm:

"After telling customers to choose stocks on their own, Schwab is saying clients should pay his firm as much as $4,000 a year for professional help ... Schwab's latest pitch to individuals is Schwab Personal Choice. It is a program made up of eight new accounts Chuck Schwab unveiled in February and are designed to appeal to anyone."

Sounds like they're still floundering.

Posted at 7:19, GMT

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You can find yesterday's Unusual Suspects on the Unusual Suspects page.

Posted at 7:09, GMT



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