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Random Thoughts to Start the Day


Only because it's so cold...


  • It's -25 degrees (yes, that's minus 25) with the wind chill factor and Hoofy's suckin' on a frozen milk shake.

  • Juniper (JNPR:NASD) has assumed the telecom baton on the heels of its better than expected earnings. That's lighting a fire under the group and squeezing the bejezus out of the shorts.

  • General Electric (GE:NYSE) reported this morning and, at first glance, it seems "fine." Their report is always meaty (lotsa moving parts) so I'm still sniffin' it out.

  • Equity funds reported net cash inflows of $5.7B for the week ended January 14. That's the largest inflow since April of last year (seasonal).

  • Fed Governor Poole (what kind of name is Poole anyway) says that the December payroll figure "was an anomaly." Of course it was.

  • It's good to have Fleck back in the flow. He'll be offering his educational insights weekly (via his Rap) and contributing the (soon to be unveiled) Buzz & Banter. Wait till you see this thing!

  • Gold, fresh off its thumpin', will find trendline support at $400. The dollar index, not coincidently, will find trendline resistance at DXY 88 (currently 87). Professor McGuirk will be offering his take shortly.

  • Sometimes the lights all shining on me. Other times, I can barely see.

  • Europe continues to trade firm.

  • S&P 1150--a 50% retracement of the entire bear move--is edging closer. Boo would obviously prefer a spike into that resistance (rather than a grind) and a pick (rather than a scratch).

  • There's a bird flu in Vietnam. Isn't that what they're supposed to do?

  • I don't know about you, but I'm ready for a three day weekend. Heck, I'm ready for a four day weekend!

  • Index options expire this morning, individual equities come off this afternoon.

  • The news is always the best at market tops and worst at market bottoms. That's why so many people miss (or get caught) at the cusps.

  • Traders are tripping over themselves to buy Juniper right now. It was a "great" report (relative to expectations) but it's not the cheapest company in the world. (yikes!)

  • Don't let the tape dictate your posture. If you got bullish higher and bearish lower yesterday, you turned a "nothing" session into a house of pain.

  • Boo. Shrinkage.

  • The earnings avalanche picks up in pace next week.

  • A week ago, I opined that the chasers would be choking by this time. Instead, the tape was vacillated and the indices are relatively unchanged.

  • If you're only trading the ETF's, you're missing the action.

  • Good luck today.
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

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