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The Bond Man Cometh

By

Way to go Brian!

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The week is barely underway and the "buy the dip" chatter is already making the rounds. I suppose repetition breeds familiarity and that knee jerk reaction has brought satisfaction. Watch for an early attempt higher (and a lot of noise) in the first half hour before the broader agendas settle in. With 32 trading days left in the year, the grip is getting tighter with each passing tick. Take a deep breath, Minyans, and leave the emotion for the other guys.

New shorts were definitely initiated on Friday so an upside uh-oh wouldn't shock me. Still, I am in the fade rallies camp (still) and will look to employ trailing stops on my peripheral (more aggressive) exposure. Again, watch the breadth and keep a nose out for leadership (either way). Internets, biotechs, semis (Nazz) and brokers, money center banks, cyclicals and retail (big board) will wag the dog. Also, I wanna see how pharma opens for signs of the (continued or stalling) rotation.

Finally, congratulations to our very own Brian Reynolds on his new role as Chief Market Strategist of M.S.Howells & Company. He joins Scott Pollack and his talented team (based in Arizona) and the critters wanted to give him a shout out before the fray is underway. Brian will continue his (most excellent) educational commentary as Professor of fixed income and economics on Minyanville. On behalf of the entire Minyanville staff, we wish you continued success in your future endeavors!

Hit 'em hard.
position in qqq

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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