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Dain Bramage

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Ticking away the moments that make up a dull day
You fritter and waste the hours in an off hand way
Kicking around on a piece of ground in your home town
Waiting for someone or something to show you the way

(Pink Floyd)

Tick tocking towards the closing bell and it's very, very quiet. How quiet is it? J.J, the newest newbie on the trading desk, actually managed to find the time to shave that fakakta wannabe half-beard he walked into work with. Hey kid...maybe you should put some cream on it and let a kitten lick it off!

The terrible tortoise that is Snapper is really trying to peek his head out of his shell, but the weakness in the (I can't say it again) and the pending economic numbers (uncertainty) is bringing out supply to meet that demand. If you aren't aware, tomorrow morning we have a slew of numbers out of Washington that include the Unemployment rate (exp. 5.9%) and Non-farm payrolls (exp. 6k). Where the heck is Beeks when you need him?!?

I certainly see the fear factor in the marketplace and, ultimately, that's a bullish sign. That said, we aren't at extreme readings yet (VIX 43) and it still smells like there's some hope floating around. This, of course, doesn't mean we can't rally from these levels (the buyers are higher), but trading is all about identifying advantageous risk/reward. The trader's who coss toins all day are quickly falling by the wayside. Discipline, pure and simple.

Gonna hop and walk through our risk profile into the closing bell...and we're gonna nourish ourselves with some delicious Brent and Sam's Chocolate chip cookies. I'll tell ya, I'm a chocolate connoisseur and I've yet to find a better cookie! For all our friends going to Mike's worthy Wings of Hope event tonight, we'll see you there!

Good luck into the close.

R.P

No positions in stocks mentioned


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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.

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