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Fritters and Critters

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Ticking away the moments that make up a dull day
You fritter and waste the hours in an off hand way
Kicking around on a piece of ground in your home town
Waiting for someone or something to show you the way


(Pink Floyd)

If this is supposed to be the busiest day of the week, I'm not sure I want to see a slow day! As the tape continues to flutter about, we're left to openly ponder if today's one of those days when the last program wins. We saw that dynamic in play late Friday and the tape is even thinner now so, regardless of your posture, factor this into your approach as we cast our eyes toward the close.

The tenor of the tape has stabilized and the market is officially in drift mode although...you can almost feel something brewing. The traction in the semis continues to be the most bullish element of today's action although it remains too extended for my liking. On the flip side of the coin, the banks trade a bit heavy and that's weighing on the old school. Other than that, I don't think I can find a sector that's offering much of anything. Sorry Charlie...I wish I had more to tell ya.

There will likely be plenty of fresh information to trade once we return from the long weekend, so use the holiday to refresh, recharge and balance. If you drive yourself full throttle and redline on a daily basis, you likely won't have enough gas in the tank to finish the race. Besides, this is a time to appreciate the good things in life so take advantage of the down time and enjoy the fam-you've surely earned it.

Tick tock.

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.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

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