Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.



The semis and biotechs are the early tell!


The morning flow is on the go as the ducks assemble in a row. The first thing that jumped out at me is the dual strength of the semis and biotechs which bodes well for an N's over S's day (and the N's in general). Remember, after an outsized day, there is typically a probe in the same direction. It remains to be seen if that probe takes us to Moon River.

If there is to be a set-up for Boo, there needs to be some green pastures first (me thinks). As it stands, they're trying to "go" although the breadth is thus far flat. The banks, after a sluggish start, are back above BKX 900 and there's a relatively better tone in the brokers. The dollar is flattish (a counter trend rally wouldn't shock me), gold is a bit softer, crude is up a deuce and Fokker walked into the office with a trapeze in his hand. A trapeze!

I continue to have half an eye cast towards S&P 1025-1030 and NDX 1365ish.

I'll be back.
position in ndx

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.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

Featured Videos