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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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  • Intraday Market Notes & Observations - June 15 0 comments
    Jun 15, 2012 4:00 PM | about stocks: XIV, VIXY, VXX, VXZ, TVIX, SVXY

    2:25 pm ET: We finally are seeing some follow through on the previous day's action. The bulls are back in the driver's seat but market internals (high VIX and high negative VWAPs) are telling us that they're not out of the picture by any means. Everyone is looking towards the outcome of Sunday's Greek election which does have the very real power to move the market significantly in either direction. Or not. Previous pundit prognostications concerning the Eurozone often have turned out to be just as wrong as they were right, so really, the election's impact is anybody's guess.

    Next week will be a festival of potential market moving news: the aforementioned Greek elections on Sunday followed by the FOMC meeting on Tuesday and Wednesday. Look for the words "quantitative easing" to be bandied about a lot. I'm expecting volatility to remain high at least through Wednesday, but continuing sturm and drang from Europe should serve to keep it elevated. The way to play this market is simply to remain on the sidelines. Day traders and those with large risk appetites can look to play the volatility index via one of the many VIX-based exchange-traded instruments: XIV, VIXY, VXX, VXZ, TVIX, SVXY, etc. If you choose to go this route, please use small positions, be nimble, and be careful--these trades are not for the faint of heart!

    Stocks: XIV, VIXY, VXX, VXZ, TVIX, SVXY
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  • Intraday support/resistance: $SPX 1874/1881, $DTX 771.75/779.25, Nasdaq 4123.5/4161.5, $RUT 1148/1156; $VIX 13.15/13.75
    about 7 hours ago
  • Intraday support/resistance: $SPX 1872.5/1887.5, $DTX 768.75/777.25, $DJIA 16450/16580, Nasdaq 4131/4175, $RUT 1143/1163; $VIX 12.75/13.25
    1 day ago
  • Intraday support/resistance: $SPX 1863/1874, $DTX 761.5/768, $DJIA 16400/16470, Nasdaq 4082/4126, $RUT 1132.25/1145.25; $VIX 13/14.1
    2 days ago
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