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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: Smokin' Hot Stocks -- June 3 0 comments
    Jun 3, 2013 7:00 PM | about stocks: AFOP, NOAH, BIOD, VRML, SHOS

    If the "Sell in May" scenario kicked in on Friday, it seems it was short-lived. It was looking good for the bears when the worse than expected manufacturing number showing contraction wasn't enough to boost the equity market (because the Fed would likely continue its low interest rate policy to boost the economy). Stocks dropped like rocks after the open but the bulls weren't going down without a fight. A mid-day turnaround lead most of the major averages back up to close in the green. Even the VIX, which spiked over 17 for the first time in a month and a half, retreated to the low 16's. Although the Dow Transports were the only major index to close in the red, it was able to hang onto 620 support. If it can manage to hold onto it then the dreaded "Sell in May" scenario could turn out to be a one day affair after all.

    Power Movers: Momentum stocks trading on heavy volume
    From time to time I note stocks that are rising quickly on increasing volume. Stocks that are this volatile are the bread and butter of day traders and although most of my readership does not fall into this category, I don't want to anyone to feel left out. Also, stocks that are rising quickly on heavy volume may indicate an exciting new product or business model that is worth considering. Right now, I'm just noting a few and have not done the research to ascertain why they are currently hot. Here are five recent power movers: 1. Alliance Fiber (AFOP, $20.43), up over 50% since 4/24; 2. Biodel (BIOD, $4.80), up 40% since 5/21; 3. Noah Holdings (NOAH, $12.38), up over 60% at one point since 5/7; 4. Sears Hometown (SHOS, $56.65), up 20% since 5/22; and 5.Vermillion (VRML, $3.47), up over 80% since 5/9 (it was up over 110% last Friday but took a hit today). Remember that stocks that have recently enjoyed huge run-ups are prone to sharp sell-offs as Vermillion just proved, so be careful of trying to hold these stocks for any length of time.

    Subscriber Notes: There are no new entries but a previous Stock Darling pick is attracting institutional interest. For further info, please visit the Subscriber Services Stock of the Day write-up page (or check your inbox).

    Themes: momentum stocks Stocks: AFOP, NOAH, BIOD, VRML, SHOS
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  • Instablog problems: I'm trying to post an instablog and the system just hangs. Anyone else having this problem?
    about 15 hours ago
  • 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
    about 19 hours ago
  • Intraday support/resistance: $SPX 1977.75/1986.25, $DTX 840.5/848.5, $DJIA 16895/16985, Nasdaq 4516/4533, $RUT 1154/1159: $VIX 11.85/12.25
    2 days ago
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