I'm so vain--I probably think this song is about me.
- Yahoo! (YHOO:NASD) (turned higher) and the semis (were dry, now jiggy) started to spur tech. The financials, obviously, have kept a bid in the S&P complex. There is a natural lag between what I see and what I write but that's what my eyes were trained to.
- The gold trendline (from August) comes into play at $400.
- I want to come back in my next lifetime as a Telemundo actor.
- Has anybody seen these alleged Girl Scouts? Cookie sham!
- If you wanna learn more about derivatives, be sure to read Professor Succo's excellent tutorial.
- I can't walk through a blizzard without thinking of the tuck rule.
- That was a pretty meaty reversal (lower) in the energy patch.
- I always thought Fonzi had a thing for Mrs. C.
- I think they should give Mike Santoli and Becky Quick their own show. They can call it Quick & Purty.
- For all the semi-stress, the SOX has thus far held that level.
- Juniper (JNPR:NASD) and Sun Micro (SUNW:NASD) highlight tonight's parade. Beeks will highlight tomorrow's catalysts with business inventories (exp. .2%), industrial production (exp. .5%), capacity utilization (exp. 76%) and the Wolverine confidence (94).
- This tape is a recipe for serious whippage.
- Traders are pointing to the outsized open interest in the IBM (IBM:NYSE) 95 line and using that level as a de facto upside stop. In other words, they're taking a shot on the short side figuring that, at worst, it'll pin 95 on the upside.
- If S&P 1130 "goes," there is no real resistance until the mamaluke ceiling at S&P 1150 (a 50% retracement of the entire bear move).
- Hoofy just walked by passed wind. I think he's trying to send me a message. Nasty.
- I've got a 1:00 pm lunch meeting (so you know). Also, Brodksy will be back tomorrow while Laurie and Fleck are shaping up as next week's business. Shwing!
- Mandy Moore. Mandy Moore. Mandy Moore let me rock you let me love you Mandy Moore, let me rock you that's all I wanna do. Mandy Moore.
- Breadth still (marginally) negative but much better than it was.
- Generally, the SOX/BKX duopoly, when pointing in the same direction, is a steady tell.
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 firstname.lastname@example.org.
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