Dr. Kris'  Instablog

Dr. Kris
Send Message
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
My company:
Stock Market Cook Book
My blog:
Stock Market Cook Book
  • 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
Back To Dr. Kris' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

  • AF 1 due to arrive Palm Springs in a couple of hours. How appropos to have the POTUS here on President's Day weekend.
    1 day ago
  • Leveraged etf lesson: Since 8/12/15 gold miner etf $GDX breakout, $GDX +9%, bull 3x etf $NUGT -12%, bear 3x etf $DUST -67%.
    3 days ago
  • Soft-ening: Ag funds $WEAT $BAL $CUT sliding to multi-year lows. Don't know how much more pain commodities can take...
    4 days ago
More »

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.