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Random Thoughts

By's been a heckuva lotta fun to watch MV evolve from the outside looking in.

  • It's been a while since I've been able to pen some thoughts on the pages of Minyanville. Since joining TAM last December it's been an amazing ride and I suppose all new situations provide unique opportunities to learn and grow. I have certainly had my share of trials and tribulation just like anyone else but that's what life is all about I suppose. Anyway, there are a lot of great things in store for the next few weeks and months so stay tuned. On a related note it's been a heckuva lotta fun to watch MV evolve from the outside looking in. Snaps to the team all around for a job well done. I'd invite the editorial folks to Florida but I don't recall MV having a vacation policy…

  • The SPX is breaking the 20 dma today - a favorite of a lot of shorter term technical indicators. That doesn't answer the question as to whether it is a brief consolidation or the beginning of something more involved.

  • I've fallen in love with college football down here in Florida (Gators). Thankfully denim cut off shorts, mesh NASCAR hats, Ford F250's, and Busch beer have not become a part of the routine (yet). I did actually go gator hunting a few weeks back – how's that for mindless, risky, irrational behavior? Dinger – hop a flight already – this is your kinda town. Just leave those white shoes at home.

  • Note the large wedge in gold – we're edging through 615/620 ish levels which seem to indicate 640 or above is possible in the very short term.

  • DJ Transports hitting floors and ceilings near 4600. A breakout above 4800 could set up the technical conditions for another leg higher.

  • In mid October the SOX climbed up to touch the 200 dma and then fell back toward support. Breaking 445 could result in a deeper consolidation and drag the NASDAQ with it.

  • Next stop 108/110 on the BKX?

  • The CRB could be attempting a handle following the recent cup formation. Technically the pattern suggests short term resistance and a potential upside objective of 330 while the short term support rests at 290 (Oct low).

  • I walked into Tuttle's office earlier and tried to adjust his television. Then I realized it was the glare off Macke's forehead. Honestly brotha – you should sell ad space on that thing. Any takers out there in support of the Dec 1st charity event?
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No positions in stocks mentioned.

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