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.

Random Thoughts


Is S&P 1210 my last chance to dance?

  • A different kind of toga party.

  • The chip shtick is good and thick (+2.5%) as the semis edge through the 200-day moving average. I won't argue that the fundamentals in this shall I say...suck? The bull case, however, is predicated on performance anxiety and participation. They're simply pawns in a much larger OPM game.

  • Ben Bernanke's twin brother?

  • The metals are trying to bounce after yesterday's technical break in gold ($460). I nibbled a bit on my silver plays and left plenty of room for further smeltage. I may be early (or I may be late) but these are longer-term plays and I'm leaving room for further smeltage.

  • President Fish steps into group therapy.

  • The homies are on a roll, so to speak, as the HGX tacks on a 3.3% gain and arrives at our aforementioned spate of resistance (HGX 507-514). If Boo is gonna make a stand, I would think that he's gotta roll up his sleeves soon.

  • Setting the stage for more MidEast rage?

  • And the trannies trade to all-time highs...

  • Keep an eye on S&P 1210, Minyans, it's the 50-day moving average, the previous September breakdown point, the downtrend from the September highs and where we failed in front of Dell (DELL). I expect there to be some "buy stops" nestled on the other side of that wrestle.

  • Poker? I don't even...

  • Phil "my pockets" Erlanger will be taking the stage in tomorrow's Hamzei Analytics chat. I hold Phil in high regard and encourage Minyans to sit in on this intimate communiqué.

  • Exxon Mobil (XOM) $58 remains an important inflection point for the energy patch.

  • Barks and Bite.

  • I've still got two legs in my metaphorical bull costume (50% conviction on the long side). I'm currently debating whether to roll up my stop again (and further define my risk) or take a deep breath and follow the lead from the brokers and trannies. My eyes tell me one thing. My gut tells me another.

  • "The Dow Utilities Index (.UTIL) is a relative laggard out of the gate but so far has been able to hold support here in the 390 area. A move below 388 is a sell signal. For the IDU ETF a move to 74 would register a sell signal while 77 would break a quadruple top." -- Pepe Depew on today's Buzz.

  • I miss Television's JeffMacke ©. Good dude and better friend.

  • The piggies are up 8% from the October lows and is tapping at BKX "par" (100). Please keep close tabs on this sector as the financials hold the key to the year-end vault.

Position in xom, silver equities

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