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Dr. Kris
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Dr. Kris 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 satisfaction), she decided to tackle something even more difficult—the stock market. Applying the scientific method along with an insatiably... More
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  • Intraday Market Notes: Risk-On Or Risk-Off? -- November 2 0 comments
    Nov 2, 2012 4:27 PM | about stocks: UDN, UUP

    4:00 pm ET: Risk-on or risk-off? That is the burning question. Yesterday it seemed as if everything was coming up roses but today's lackluster jobs numbers managed to erase any lingering euphoria. Today's action was strictly risk-off which explains the slide in commodities, foreign currencies, and stocks and the gain in treasuries and the greenback. In fact the bear US dollar etf (NYSEARCA:UDN) broke $27 support (its counterpart, the long US dollar etf (NYSEARCA:UUP) is still testing $22 resistance). Market internals are all painting a gloomy picture and I really don't think there will be any clarity in direction until after the election.

    Have a good weekend!

    Note to Subscribers: There is one new Stock of the Day (which I'm sure will be contentious). The writeup on the stock will be posted a little later.

    Stocks: UDN, UUP
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  • Intraday support/resistance: $SPX 1931/1961, $DTX 833.75/855.75, $DJIA 16470/16770, Nasdaq 4421.5/4473.5, $RUT 1105/1125; $VIX 15.6/16.6
    about 3 hours ago
  • Intraday support/resistance: $SPX 1932.7/1949.3, $DTX 836/849, $DJIA 16505/16655, Nasdaq 4389/4436, $RUT 1105/1117; $VIX 15.55/17.55
    1 day ago
  • Just watched the new show, Selfie. The writing is great. I do hate the show's name, but the writing & acting trumps the title. Great job!
    1 day ago
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