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: Medical Devices Boosting Portfolio Performance -- January 9 0 comments
    Jan 9, 2013 5:40 PM | about stocks: IHI, FAN, KWT, TAN, PWND

    4:00 pm ET: It appears as if the "lather, rinse, repeat" motif was short-lived. The VIX closed below 14 for the third day in a row but instead of the market moving down on the open, it moved up today, bucking the trend. What is bullish is that the Dow Transport Index (DTX)--generally considered a leader in market direction--is moving up. However, it's getting within a whisker of its all-time high that could prove to be either an area of major resistance or the beginning of a new support level. On another potentially bearish note, the volatility index (VIX) is still under 14, a fact that becomes more contrarian every day. As I stated yesterday, the direction of the market going forward hinges on two things: the results of this earnings season and the debt ceiling. Stay tuned for further developments!

    There were a couple of hot spots in today's trading. First off, medical device and life science tool makers were on fire. Advancing to new highs, some on much heavier than normal volume, were the following: COV, LIFE, ZMH, PKI, AMRI, CVD, DSCI, ARTC, HOLX, CSII, BIOS, TMO, SYK. Several of these issues helped lift the medical device etf (NYSEARCA:IHI) to a new all-time high. The entire healthcare and pharma space is enjoying great gains, in part due to the greying of the Baby Boomers.

    Sharing the rally spotlight is alternative energies where everything except coal advanced. Breaking out of recent bases are the solar etfs (TAN, KWT) and the wind etfs (FAN, PWND). Solar stocks especially enjoyed big gains, many on the order of 6-18% just today! (Canadian Solar (NASDAQ:CSIQ) was the 18% gainer, FYI.) Now may be a good time to start building a long position in this group.

    Note to Subscribers: There is one new Stock Darling.

    Stocks: IHI, FAN, KWT, TAN, PWND
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


  • Steel case: $AKS (+10%) & $X (+7%) jumping to new yearly highs. Steel etf $SLX also on track to close at new yearly high.
    about 8 hours ago
  • Bad trip: Cannabis stox at highs & now--$VAPE ($49.6, $0.0016) $CBIS ($55k, $0.01) $MJNA ($3.5k, $0.04) $HEMP ($3, $0.03) $MYHI ($14,$0.02).
    1 day ago
  • Discounters getting marked-up: Breaking out to all-time highs are off-price retailers $TJX & $ROST along with dollar store $DG.
    1 day 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.