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Chew Stick!

By

If this keeps up, I'm gonna have one happy bull on my hands!

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Wow, I never knew how much I'd miss Fokker until he jumped out of the office to pick up our Smith & Wollensky print! Don't tell him (gotta keep the kid on his toes) but he's doing a decent job so far. I wanted to clarify this point because yesterday, after reading the column, he approached my desk with puppy dog eyes and asked if I was upset with him. Relax Fokker--if I was pissed, you would know it!

I've notice that the BKX didn't rally with that last lift in the Spoos and, while that may be a reach, I wanted to point it out. The internals have also paused a bit and, currently, they've pulled back towards a 2:1 positive bias. Deja vu, Boo...we saw the same thing yesterday (the other way)!

Other than that, Garth, it's go along/get along for Hoofy and I know he's watching NDX 1080 with great interest. That's Tuesday's high and IF they get 'em through, it's a feather in his cap. If they fail, however, the ursine uglies will start chatting up the (negative) "double top." That, in a nutshell, is my chief beef with T.A...it's hindsight city sometimes. They're good when they're up and bad when they're down and, for a zagger like me, that's sometimes an issue (one of many!).

I'm quite conscious of the "hope" potential (in both camps) and I'm trying to police myself in that regard. Emotional tapes are always dangerous and we must all remember we're just pawns to the mighty Minx. One step at a time, cookie, and a careful step at that!

Lunch just got here and I'm gonna go enjoy my protein with Pepe and the techies. They've been "stand up" since I've gotten here and I've always believed in positive reinforcement.

Hope you're hitting 'em hard!

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 todd@minyanville.com.

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.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

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