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Dr. Kris
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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
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Stock Market Cook Book
  • Market Notes: Getting Defensive -- April 19 0 comments
    Apr 19, 2013 5:58 PM | about stocks: XLP, XLU

    4:00 pm ET: Children of the '70s will remember the Moody Blues' classic song "Ride my seesaw". That tune pretty much sums up recent market action: one day up, the next day down. Daytraders have been very happy riding this seesaw, especially the volatility exchange-traded vehicles (XIV, UVXY, etc.). High VWAPs (a measure of institutional trading) on both the positive and negative sides indicate a power struggle between the bulls and the bears. My crystal ball isn't telling me which side is going to win but typically increasing volatility in the volatility index (VIX) denotes a changing of the guard. I think the "Sell in May" phenomenon is still on track.

    Another reason to think the bears will step into the drivers' seat is the continuing advance in defensive stocks. Today, new highs were made in Consumer Staples (NYSEARCA:XLP) and Utilities (NYSEARCA:XLU). Real estate investment trusts (REITs) also topped the leaderboard. Note that all of these vehicles pay dividends and tend to be less volatile than other equity sectors.

    That's it for now. Have a nice weekend!

    Subscriber Notes: There are three new Stock Darlings (all dividend payers) and one new Channeling Stock.

    Stocks: XLP, XLU
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