One of these Days!
It wasn't easy but I'll certainly take it!
Is it getting better?
Or do you feel the same?
Will it make it easier on you now?
You got someone to blame
Wow, I just read Tony's piece and I feel like shmoopie from Seinfeld! Next thing you know he's gonna tell me to keep the pen! In all seriousness, I appreciate the snaps Snoop-but Casey deserves the real kudos. She's been working harder than Martin at his high school prom and, in the process, has likely set the world record for consecutive hours without sleep! If you're diggin' the critters, take the time to ping her royal majesty at email@example.com. You've got a lot to be proud of, Bon, your daughter is superb!
The battle of the bulge continues as Snapper and Hoofy are doing everything they can to make a stand. The two issues to watch are NOK and MRK which, by the way, has had more mood swings than Junior. I mean, seriously, have you seen a chart of this drug giant today? It's up, it's down, it's up, it's down-you'd think they reinvented Viagra!
The tenor of the tape is trying to stabilize although the internals in the Nazz have yet to confirm and it feels stuffy. As it stands, losers are trumping winners 2:1 in that complex while downvolume is outpacing upvolume 5:1. The old school (S&P) is acting relatively better as advancers are slowly cweeping back against the decliners but, on an absolute basis, they're still negative. Casting our eyes forward, the catalyst parade continues in full force tomorrow as CS First Boston continues their tech fete. The usual suspects will be lining up to state their case and investors will be all ears. Not to be left out, Beeks will be swinging by our new digs to release the Non-Critter Productivity (exp. 5.0%), Factory Orders (1.7%) and the Drizzy ISM Non-Manufacturing number (exp. 54). Ophelia!
Speaking of manicures, I've got to toss my other hat back on and focus my attention on our end of day risk. There are a few ways to look at a risk profile but I've always liked to categorize by time frame or strategy. In other words, there are trades for the day, trades for a catalyst and trades for a thesis. Once you identify what (and when) your looking for, it's easier to make decisions on a course of action. Remember, it's a marathon and not a sprint-save some energy (and powder) for the next leg.
Finally, I would once again like to thank the readership for their patience and support as we wrinkle the kinks out of our site. We'd like to think that one day we'll look back at this session as a historic milestone for Minyanville and we're psyched that you've chosen to be a part of it. This town is predicated on positive energy and good vibes and we rely on our readership to help us spread the word. Any help you can offer in that regard would be most appreciated! Ruby-this winks for you.
Have a peaceful night.
Daily Recap Newsletter