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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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Stock Market Cook Book
  • Intraday Market Notes & Observations - June 14 0 comments
    Jun 15, 2012 4:00 PM

    2:00 pm ET: Everyone is talking about this morning's rally as if it's something special, but if you compare yesterday's intraday support/resistance ranges with today's, you'll note that not much has really changed except for one thing: The VIX is moving higher. What this is telling us is that uncertainty is increasing and rightly so especially in light of this Sunday's Greek elections. Despite the fact that 80% of Greeks say they're all for remaining in the Eurozone, it could well turn out to not be the case. And if that outcome pans out, then all H-E-double toothpicks is going to break lose. On that ugly thought, it makes no sense to take on any new positions unless you plan to divest yourself of them by tomorrow's close because for the near-term, being long is being wrong.

    Themes: VIX
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  • 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
    about 11 hours ago
  • Miners ready to take a break? Topping tail seen in $XME indicates buying pressure drying up.
    1 day ago
  • RIP: Just found out that long-time voice of SNL, Don Pardo, passed away at 96. A truly distinctive voice.
    1 day ago
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