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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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  • 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 (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...

    Themes: market outlook Stocks: XLF, KBE, XLK
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  • Good Work Doc, If you think of some thing let me know!
    12 Feb 2013, 03:29 PM Reply Like
  • Author’s reply » I'm glad somebody found the blog!
    13 Feb 2013, 01:00 PM Reply Like
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  • Intraday support/resistance: $SPX 1814/1844, $DTX 732.5/748.5, $DJIA 16025/16275, Nasdaq 3940/4055, $RUT 1092/1124; $VIX 15.5/17.5
    about 23 hours ago
  • A Cuckoo's Nest Market: The major averages just zoomed back--is everyone on acid?
    2 days ago
  • Intraday support/resistance: $SPX 1818/1834, $DTX 737/745, $DJIA 16030/16190, Nasdaq 4009/4051, $RUT 1115.7/1136.3; $VIX 16.05/17.35
    2 days ago
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