Schaeffer's Daily Market Blog Features Google, Microsoft, Pfizer, DR Horton, and Toll Brothers.

CINCINNATI -- Among the stocks featured in the June 6 edition of Schaeffer's Market Blog are Google (NASDAQ:GOOG), Microsoft (NASDAQ:MSFT), Pfizer (NYSE:PFE), DR Horton (NYSE:DHI), and Toll Brothers (NYSE:TOL). 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 Tuesday, June 6, 2006:

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 .

11:47 AM Free Financial Podcasts

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11:59 AM Spreadsheets Over the Wire Could Help GOOG, Hurt MSFT

Despite the broad-market pullback this morning, Google (NASDAQ:GOOG) is up more than one percent. The story is rather interesting, and concerns a Web-based spreadsheet application. According to the newswires, the company was taking signups through the "Labs" section of its website this morning on a first-come, first-served basis.

GOOG could have a winner here. Many of us already use email services from Yahoo! (YHOO), or Excite, or GOOG, so we are accustomed to the idea of our important data being stored on someone else's server. If you can keep your e-mail someplace else, why not your spreadsheet too? I'm willing to bet the folks at Microsoft (NASDAQ:MSFT) are watching this development carefully. MSFT was down more than one percent at last check.

12:05 PM Dow May Find Support at 10,900

The Dow Jones Industrial Average (DJIA) dropped as low as 10,926 this morning, and was trading at 10,941 at last check. The 10-month moving average is in the 10,900 region, making this a level to watch.

1:19 PM Flight to Healthcare?

Investors seem to be trying to find a safe-haven in certain healthcare stocks today, as the healthcare sector is considered to be defensive during a weakening economy. Call option activity on Pfizer (NYSE:PFE) has increased markedly today. The stock has seen more than 35,000 contracts of call volume, and calls on the security are outpacing puts by a ratio of more than 16-to-1. If things get really ugly, however, there probably won't be anywhere to hide. Looking at PFE's recent downward trend, increased optimism could be something to be worried about.

2:04 PM Ga Ga for Google

Google (GOOG) has been strong today, but the stock is getting way too overloved. Short interest has dropped back down to negligible levels and analysts are all over this thing with 20 "buy" ratings, three "hold" ratings, and zero "sell" ratings. I'd look for potential head-and-shoulders resistance at the $390 level.

2:50 PM More Selling Across the Board

Another ugly day so far, with the Dow down about 90 points and the SPX down six points currently. With yesterday's 199-point drop in the Dow, one would have hoped for some type of bounce today, but I guess not. The one minor positive from yesterday is that volume wasn't very strong, but today it's picked up some, indicating distribution. The big loser yet again is housing. Technically, the group looks sick, and fundamentally there are some reasons to be worried as well. Add it up and I continue to think this group will underperform during the coming months. Right now the PHLX Housing Sector Index (HGX) is down over three percent to another new low. Turning to some names, DR Horton (NYSE:DHI) is down about seven percent, and Toll Brothers (NYSE:TOL) is down almost five percent.

3:28 PM What Did I Tell You?

Earlier today I wrote about Google's (GOOG) online spreadsheet, and the negative impact it might have on Microsoft (MSFT) stock. MSFT just dipped below $22 for the first time since October 2002.

For more information on these stocks or any stock in your portfolio, feel free to visit our Schaeffer's Equity Scorecard feature. Click here to read all of today's Market Blog: http://www.schaeffersresearch.com/redirect.aspx?CODE=PROB1C&PAGE=1 .

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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 .