MaoXian.com -- Archive > October 20, 2004

Stocks to Watch -- Wednesday, October 20

Posted at 14:15, GMT

Today's Trading Idea

McCormick & Co. looks like a decent short with around 50 cents of initial risk, but this puppy is pretty thin so I'd tread lightly. Keep an eye on her. Please read the Disclaimer.

MKC, Daily Chart

Posted at 8:25, GMT

Chart of the Day -- E-Mini Russell 2000 futures, Daily Chart

I would post a chart with October 24, 2001 as the first date (inception of this contract), but Quote.com has a three month hole in the data in early 2002. I was able to get about 50,000 rows of continuous 5-minute data however. Anyway, what I wanted to point out was the volume: impressive growth in a very short time!

E-Mini Russell 2000 futures, Daily Chart

Posted at 8:15, GMT

Best and Worst Performing ETFs (Year-Over-Year)

I scanned my universe of ETFs for the best and worst performers year-over-year. Yes, I know the HOLDRs aren't considered ETFs, but I include them anyway.

Best:

iShares MSCI Austria Index (EWO)
Wireless HOLDRs Trust (WMH)
Oil Service HOLDRs Trust (OIH)
Energy Select Sector SPDR (XLE)
iShares Dow Jones US Energy (IYE)

Worst:

Semiconductor HOLDRs Trust (SMH)
iShares Goldman Sachs Semiconductor (IGW)
B2B Internet HOLDRs Trust (BHH)
iShares MSCI Taiwan Index (EWT)
iShares Nasdaq Biotechnology (IBB)

Posted at 8:05, GMT

More Proof that the Japanese are Insane

You will either cringe or fall down laughing.

Posted at 7:55, GMT

Greenspan's 2010 Space Odyssey With Oil Futures, by Caroline Baum:

"Greenspan puts a lot of faith in the markets, which is understandable. His faith in a small number of trades by a small number of traders in deferred oil futures contracts is less so."

Posted at 7:45, GMT

For Day Traders, German Index Is Overnight Sensation, by Ianthe Jeanne Dugan (WSJ Subscribers Only)

This was a page one article in the WSJ yesterday. As Alex Pope said, "hope springs eternal."

"The DAX is the latest hotspot for 'day traders' -- quick-triggered amateurs who buy and sell securities, often from home computers. Among the DAX's attractions: rapid price swings offering potential profits, low account-minimum requirements and, perhaps best of all, hours that let day traders trade at night."

Posted at 7:35, GMT

Hedge funds check into Hub 'hotels', by John Strahinich:

"New York is ... where you'll find one out of three of the nation's estimated 5,200 hedge funds ... With roughly 250 hedge funds, Boston ranks fourth, behind Chicago and San Francisco."

Posted at 7:25, GMT

1987 Crash Revisited, by Rob Fraim:

"At some point during the day a strange, battlefield-giddiness sort of took over and we just... all... laughed. It was so surreal that all you could do was just laugh. Mortar shell... giggle... another bomb... chuckle. As the day went on, clients were trying to make moves - a lot of panic selling of course, along with more buying interest than you might imagine. There was one small problem though - the systems just crashed. Market orders, limit orders, stop orders - all in, but no reports."

Posted at 7:15, GMT

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