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Dr. Kris
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Dr. Kris hails from the land o' lakes, beer, bratwurst, and Bucky Badger. She traded in her cheese hat for a propeller beanie and has never looked back. She has two degrees from MIT because one just wasn't enough. Her life goal was to figure out the universe and having done that (at least to her... More
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Stock Market Cook Book
  • Intraday Market Notes: Tech Watch -- October 25 0 comments
    Oct 25, 2012 6:47 PM | about stocks: AAPL, AMZN

    2:35 pm ET: Today's rollercoaster market action is being fueled by an intense struggle between the bulls and the bears. The VWAPs on both sides are running high and who finally wins the day is anyone's guess. The Dow Transport Index (DTX) is still hovering about 500 support while the Dow Industrials (DJIA) and S&P 500 (SPX) are trying to stay above their waterlines as well. That's the good news.

    The bad news is that the overall trend in the VIX is up. This rise in fear and uncertainty only scares off buyers and encourages short-sellers leading to a market decline. A VIX close over 20 would be the signal that the bears are sliding into the driver's seat. A warning to you bulls: Don't caught with your pants down!

    Today, two tech bellwethers, Apple (AAPL) and Amazon (AMZN), report earnings after the bell. These reports will both be closely watched, especially Apple's. The company typically blows out analyst estimates and should it not do that today it's likely we'll see a further slide in the share price. A break below $600 would be very discouraging but a break below $575 major support would be devastating. Stay tuned!

    Note to Subscribers: There are no new entries.

    Stocks: AAPL, AMZN
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  • Greece continues to melt up: Country etf $GREK +5%, Nat'l Bank of Greece $NBG +20% on heavy volume. Both mentioned here several days ago.
    2 days ago
  • Intraday support/resistance: $SPX 1652.5/1660.5, $DTX 647.5/654.5, $DJIA 15235/15315, Nasdaq 3473/3489, $RUT 987/996; $VIX 12.05/12.95
    2 days ago
  • Where do we go from here? Using the Rule of 20 to calculate the market top: http://bit.ly/l4dzXu
    3 days ago
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