Schaeffer's Daily Market Blog Features Cephalon, Red Hat, Advanced Micro Devices, STAAR Surgical Company, and the AMEX Oil Service HOLDRS Trust.CINCINNATI -- Among the stocks featured in the December 23 edition of Schaeffer's Market Blog are Cephalon (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CEPH CEPH Council on Education for Public Health CEPH Centre d'Etude du Polymorphisme Humain ), Red Hat (NASDAQ:RHAT RHAT Red Hat (stock symbol) RHAT Rainwater Harvesting Association of Tanzania RHAT Register Hba Attributes ), Advanced Micro Devices (NYSE NYSE See: New York Stock Exchange :AMD (Advanced Micro Devices, Inc., Sunnyvale, CA, www.amd.com) A major manufacturer of semiconductor devices including x86-compatible CPUs, embedded processors, flash memories, programmable logic devices and networking chips. ), STAAR STAAR Second Time Around Aussie Rescue, Inc. (Bryan, TX) STAAR Space Technology Applications Astronomy & Rocket Research (Scottish Rocket Programme) Surgical Company (NASDAQ:STAA STAA Surface Transportation Assistance Act of 1982 STAA Short Term Assignment Allowance ), and the AMEX AMEX See: American Stock Exchange Oil Service HOLDRS Trust (AMEX:OIH OIH Office of International Health OIH Ohio Industries for the Handicapped, Inc. ). Schaeffer's Market Blog is just one of the many free market commentaries written every day at www.SchaeffersResearch.com - the home of Bernie Schaeffer and Schaeffer's Investment Research. The Market Blog is written throughout every trading day by Schaeffer's financial analysts and traders. They are quick insights to the day's most notable market activity from an options perspective. For additional information about this report or to have it delivered to you free via email every day click on the following link. http://www.schaeffersresearch.com/redirect.aspx?CODE=PROB12M&PAGE=1 . Schaeffer's Market Blog for Friday, December 23, 2005: Below are just a few of today's Market Blog entries. Click here to read all of today's Market Blog. http://www.schaeffersresearch.com/redirect.aspx?CODE=PROB1C&PAGE=1 . 10:16 AM NYSE & NASDAQ New Highs/New Lows With Equity Scorecard The S&P 500 Index (SPX (Sequenced Packet EXchange) The transport layer protocol in the NetWare operating system. Similar to the TCP layer in TCP/IP, it ensures that the entire message arrives intact. SPX uses NetWare's IPX as its delivery mechanism. ) rose for the second consecutive session in Thursday's trading and is nearing its former highs made in late last week's trading. For those raving fan(s) who send me e-mails and feedback in regards to this column, I really appreciate it. Two of the stocks that made our list today are Cephalon (NASDAQ:CEPH) and Red Hat (NASDAQ:RHAT). 10:49 AM Puts Trade Actively on Advanced Micro Devices Yesterday puts traded actively on Advanced Micro Devices (NYSE:AMD), as put volume was 6.2 times heavier than average. More than 10,700 contracts crossed the tape, with the heaviest volume occurring at the January 27.50 strike (AMD MY). Nearly 47,400 AMD MY contracts changed hands yesterday. Technically speaking, AMD has been a strong performer recently. The stock has been in a pronounced uptrend since May and is currently trading above all short- and intermediate-term moving averages. At last check, shares of AMD were trading 45 cents higher to $30.51 today. 11:26 AM STAAR Surgical Wins FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. Approval According to Yahoo! Finance, STAAR Surgical (NASDAQ:STAA) engages in the development, manufacture, and distribution of medical devices for use in cataract, refractive, and glaucoma surgeries. This morning before the market open STAA announced it had won approval from the Food and Drug Administration for the use of its Myopic Visian ICL in the correction of nearsightedness nearsightedness or myopia, defect of vision in which far objects appear blurred but near objects are seen clearly. Because the eyeball is too long or the refractive power of the eye's lens is too strong, the image is focused in front of the in adults. STAA's new product is an implantable collamer lens. This positive news has sent the stock sharply higher. At last check, shares of STAA were trading 32 percent higher to $7.64. 2:12 PM Big Reversal in Energy Pretty much what you'd expect today, as nothing major is happening. In fact, all three major indexes are a few points from break-even, and it feels like they've been there most of the day. Oh yeah, volume is going to be at its lightest day since the Friday after Thanksgiving. One major takeaway from today is the nice reversal put on by energy stocks. At the bottom the OIH (AMEX:OIH) was down more than two percent, now its down 0.48 percent and has been in a steady climb since 10:30 a.m. The above are just a few of today's Daily Market Blog entries. Click here to read all of today's Daily Market Blog. http://www.schaeffersresearch.com/redirect.aspx?CODE=PROB1C&PAGE=1 . Take advantage of the timely Schaeffer commentaries by signing up for their free e-newsletters -- Opening View, Market Recap and Monday Morning Outlook. Click here to have the Schaeffer's commentaries delivered to you free via email every day. http://www.schaeffersresearch.com/redirect.aspx?CODE=PROB12M&PAGE=1 . About Schaeffer's Investment Research (www.SchaeffersResearch.com) Schaeffer's Investment Research, founded by Bernie Schaeffer in 1981, is a financial information and trading resources company. It publishes Bernie Schaeffer's Option Advisor, the nation's leading options subscription newsletter. The firm's contrarian approach focuses on stocks with technical and fundamental trends that run counter to investor expectations. The firm's website, http://www.SchaeffersResearch.com , is recognized as one of the leading information sources for stock and options traders and was cited as the top options website by both Forbes and Barron's. Click here for more details about Schaeffer's trading methodology: http://www.SchaeffersResearch.com/method . |
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