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.

Scarlet Fire


That was quick!


Well, I ain't often right but I've never been wrong.
It seldom turns out the way it does in a song.
Once in a while you get shown the light
In the strangest of places if you look at it right.

(Grateful Dead)

The two sides of the Hump Day tetherball...

Reasons for ursine optimism?

  • While two days do not a month make, Boo mapped out a defined risk game plan yesterday.
  • Google got thumped, leading to some N's under S's. Beta led the performance anxiety higher off the October lows.
  • Some non-confirmations emerged during this latest spike higher.
  • Extended tapes and lopsided sentiment often lead to trap doors.
  • Gap fillage (and downside reversal) in the homies.
  • Alotta firms close their '05 books today, potentially altering the supply/demand dynamic into year-end.

Resaons for bovine faith?

  • A pullback to S&P 1245 would be a healthy retest of recent acne.
  • No news is good news when performance anxiety manifests.
  • The brokers, banks and trannies, despite signs of recent supply, are a strong day away from all-time highs.
  • Corporates.


Overbought tapes can become more overbought, particularly when emotions are running rampant. I sense a meaty pullback but the timing has yet to crystallize in my mind's eye. It could be sooner (S&P 1275 is a relatively tight stop for those looking to play that way) or it could be early '06 business (after the performance fee checks clear).

Good luck today.


< Previous
  • 1
Next >
No positions in stocks mentioned.

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