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Quick Blurbs to End the Session

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May peace be with you!

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  • For those monitoring the Minx/Jinx correlation, we're in the 57th week of this rally which corresponds to the Nikkei in 1993. The 57th week in 1993 saw a higher high early in the week and closed terribly, marking the top (was down 20% three months later). Obviously, this is hocus pocus stuff but the correlation to date has been uncanny.

  • A Minyan forwarded me a website that offers meaty food for thought.

  • Remember, Japan had some blowout GDP numbers early in their affair.

  • Looking at my charts, I can see very clearly what the bulls are looking at. Not only does it "feel" as if there's a good bid to the tape, but there is a case to be made that we're basing for a blast off. That is why I've chosen to set up my book with decent sized gamma.

  • Where does the Burned Razor lose its edge? A decisive close above S&P 1070.

  • The financials continue to be the single most important sector in the marketplace and they don't come in (read: sell off).

  • If this has been a liquidity driven rally, it's worth noting the recent abatement in money supply figures.

  • I wish I had the patience to put on the long energy/short tech trade for five years and not touch it. I'd toss some Fannie Mae (FNM:NYSE) puts in there to keep 'em company.

  • 2-6. What a disgrace.

  • Pull up a chart of the consumer index (CMR) and a chart of the cyclical index (CYC). One looks like it wants to break out while the other looks uber-extended. Is it finally time for the consumer over cyclical trade to kick in?
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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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