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.

Crunch N' Munch


Saddle up, Sally!


Well, Minyans, I'm gonna go for it--we've packed up Del Boca Vista, Dorothy packed me an apple and the critters have given me the nod to head north. I've got a sneaking suspicion that I should wait a day before braving the beastly weather but, hey, maybe American Airlines will surprise me!

The 3pm crunch brought those pesky intraday stochastics to the first oversold reading of the day and, while I'm holding onto my cheapie punts, I'm respectful of the end of day ramp potential. I'd be surprised if the buyers put their game face away in the last half hour but, in this tape, I've learned to expect the unexpected--both ways.

As it stands, the tape has (thus far) exhibited all the elements the bulls could have hoped for. The breadth is strong, the financials are (trying) to exert leadership and the Minx has snuck through the first resistance zone. We know that the most vicious of rallies occur in a bear market and, as such, I'm keeping my right hand up. Still, aside from the light volume, this is a constructive session.

I've got to hop and head towards the airport--you know how grandmothers can be, they always want you to arrive 3 hours early! Still, no complaints here Dorothy--I love you more than words can possibly explain and seeing you this weekend was, by far, the most wonderful Valentine's Day gift I could have received.

Good luck into the close, my fellow Minyans--I'll see YOU tomorrow morning.

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