Alright, I admit it...you caught me. At the urging of Rebbi Slaino, I must purge myself and come clean: The artwork in the Minyanville press release has been fudged a bit. When our talented creative team presented me with the first render, I returned it---there was simply too much weight and not enough hair! After several attempts, I finally agreed to the picture...at which point they said "But you look like a twelve year old!" Perfect!
Back in the tug-o-war tape, Snapper continues to run around the office screaming for attention. I know it's been a while, kid, but don't get emotional---there are a lot of balls in there air. Rather than try to digest everything at once, walk through your tells and assimilate the crosscurrents. Let's take a beak, er, peak...
The breadth is slowly creeping better but it still warrants caution on the margin. This measure has been a good harbinger for the overall health of the market, and while a "futures led" rally will "pull up" the breadth, we still need to appreciate the internals. Meanwhile, the financials continue to hold their bid and, quite honestly, that's the most constructive sign in today's tape. Yeah, I know...even a broken clock is right twice a day...but if you're gonna key off the banks, you must respect the action. In Level-Land, we've quickly snapped up to S&P 800 and, as past support is future resistance, we'll need to watch how the tape trades into this zone. It will be interesting to see if it's got the zest to push through.
As you know, this is NOT a financial advice column, and at the risk of overt redundancy, I need to belabor this point. I will, however, continue to share my thoughts with the hopes that my insights will help you to help yourself. That said, remember that this version of Minyanville is only the temporary home for the critters. The official launch is December 3rd and, take my word, you're gonna splotch when you see it! If you would like the critters to ping you when a new column is posted, please send an email to JournalAlert@Minyanville.com .
Hope this finds you well.
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 firstname.lastname@example.org.
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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