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
  • Market Notes: Market Poised To Take A Breather -- February 12 2 comments
    Feb 12, 2013 3:26 PM | about stocks: XLF, KBE, XLK

    3:25 pm ET: While the S&P 500 (SPX) continues to melt up, the Dow Transport Index (DTX) is stalling. Since the DTX is a leading indicator of market direction, what this stall is suggesting is an end to the current leg in the rally. Don't worry! This doesn't mean that the rally is over; rather that the market is going to take a step back while it digests current gains. Technically, we're probably looking at a retest of the 1495-1500 level on the SPX. This sounds bearish on the surface but it's not--just standard operating procedure. Right now everything is coming up roses for the bulls as strength is seen across all sectors including tech (NYSEARCA:XLK) and financials (XLF, KBE), both bellwethers of market strength. In fact, this market is so strong that last night's news of North Korea's nuclear test wasn't enough to disrupt today's advance. We'll see if tonight's State of the Union address will have any influence.

    A short blog today. Got to dash to a meeting...

    Stocks: XLF, KBE, XLK
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 (2)
Track new comments
  • Hillbilly Stock Star
    , contributor
    Comments (746) | Send Message
     
    Good Work Doc, If you think of some thing let me know!
    12 Feb 2013, 03:29 PM Reply Like
  • Dr. Kris
    , contributor
    Comments (377) | Send Message
     
    Author’s reply » I'm glad somebody found the blog!
    13 Feb 2013, 01:00 PM Reply Like
Full index of posts »
Latest Followers

StockTalks

  • Governtainment: The Ace Hotel in LA is offering "a no-holds-barred evening of music, laughs & astute political analysis" Monday nite.
    about 23 hours ago
  • De-ranged: Livestock etn $COW breaking recent support to hit another all time low (post 2007 ipo).
    3 days ago
  • Risk-on rules! Breaking out to new yearly highs--Tech related etfs $XLK $ROBO $PNQI $FDN $SOCL $SMH $SOXX; Med devices $IHI, Gaming $BJK.
    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.