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Shocker, Fokker!


What, prey tell, are you thinking Toddo?


I gotta tell ya, this is one minxy market! After their sloppy performance yesterday, one woulda thunk that the semis would be the fugly group du jour. Perhaps that thought is too easy and, as we know, nuttin's easy in this tape, honey.

Semi's aside, Cisco also stands out as a "dry" stock today and that warrants a mention. However, there's plenty on the left side of the ledger as well. A quick check of the morning breadth shows losers spankin' winners 2:1 and that's been THE tell of late.

My gut? I think it's a tad too early to rally and I'm gonna slip that other leg into my bear costume. That's 2 appendages (50% conviction on the short side) and if I see the banks turn (higher) or the internals improve, I'll stop it out. Hey...everyone's bullish--it wouldn't be like me to play along!

Hope this finds you well.

No positions in stocks mentioned.

Todd Harrison is the founder and Chief Executive Officer of Minyanville. Prior to his current role, Mr. Harrison was President and head trader at a $400 million dollar New York-based hedge fund. Todd welcomes your comments and/or feedback at

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

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