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Engine Room, More Steam!


You got it, Mister!


A couple of uber-quick thoughts as we head into the fray:

  • The S&P will effectively fill the gap (from October 3rd) at S&P 1020.

  • The NDX has an obvious gap from NDX 1360-1340.

  • The perception of a "better" Microsoft (MSFT:NASD) may buoy the tape today.

  • Most all of my trading coverage is telling me to buy the dip.

  • The sector bell curve remains more stacked than Daisy (overbought).

  • Europe is starting to edge back (still lower).

  • Gold and the dollar, thus far, are acting "equity friendly."

  • Nobody--and I mean nobody--I spoke to yesterday thought KLA-Tencor (KLAC:NASD) would miss.

  • The first rally higher is likely a fade--but watch the breadth!

  • This is the 25th straight week that the Investor's Intelligence bull/bear survey indicated more than 50% bulls. That hasn't happened since 1963. Amazing, considering the bubble gum fun.

  • Thank you Paul Packer.

position in qqq, msft,

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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