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: 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.

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 (1)
Track new comments
  • Hillbilly Stock Star
    , contributor
    Comments (745) | 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
Full index of posts »
Latest Followers

StockTalks

  • ETF breakdowns: Financials $XLF & Tech $XLK both breaking major support levels. Next support levels: $XLF ($21, $20), $XLK ($42, $38).
    about 12 hours ago
  • #Brexit Brief: Brexit was about IMMIGRATION. Period. I fear that France may be next up on the chopping block...
    about 12 hours ago
  • Commodity Crunch: $WEAT hitting all-time low (since 2011 debut); solar etf $TAN breaking major resistance, sliding to 3 year low.
    about 12 hours 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.