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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: A Minor Correction In 3...2...1? -- February 13 1 comment
    Feb 13, 2013 1:34 PM

    1:25 pm ET: There's really not much to say about this market other than to repeat what I wrote yesterday: The major averages are looking tired and today are showing signs of cracking. The market leading Dow Transport Index (DTX) has been falling from its early morning high and a close in the red would be a strong sign that the market is ready to take a small correction. As one CNBC Fast Money trader said earlier, if you're sitting on "obscene" profits (his words), now would be a good time to book them. In spite of his interesting choice of words, I couldn't agree more with his sentiment. Moreover, I do think this impending correction will be a minor one and as such it is NOT the time for bears to initiate any long-term short positions. Right now, parking cash on the sidelines is the most prudent play.

    That's it for now.

    Note to Subscribers: There are no new entries but a new Stock of the Day was added a couple of days ago, in case you haven't checked it out.

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  • Hillbilly Stock Star
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    Comments (728) | Send Message
     
    I agree minor position adjusting looking for brand name growth stocks with minor hiccups and easily understandable valuation metrics.
    13 Feb 2013, 02:36 PM Reply Like
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  • Intraday support/resistance: $SPX 1984.75/1995.25, $DTX 839.5/845.5, $DJIA 16985/17070, Nasdaq 4522/4548, $RUT 1155/1163; $VIX 11.6/12.5
    about 7 hours ago
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  • Intraday support/resistance: $SPX 1986.75/1994.75, $DTX 841/848, $DJIA 16985/17065, Nasdaq 4514/4536, $RUT 1147.5/1163.5; $VIX 11.45/12.05
    1 day ago
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