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Random Thoughts

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

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  • 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?
No positions in stocks mentioned.

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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