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Rosie's Palm Reading


If you're a bear, higher prices are your friend!


Spread out now Rosie
Doctor come cut loose her mama's reins
You know playin' blind man's bluff
Is a little baby's game

(Bruce Springsteen)

The opening bell rings and the Minx sings--and expiration Friday in Minyanville has officially begun. My eyes this morning are watching the brokers (lethargic), semis (near resistance), Orcl (funky), storage (heavy), the autos (shorts pressing) and our levels (held first test). I'm also watching Tony on CNNfn and I've gotta tell ya--he's got some serious mojo working. Hey Tone--how about tossing a "wasabi" out there for your fellow Minyans?

A quick check of the morning breath shows winners trumping losers 3:2 on the NYSE while it's flat as a pancake on the Nazz (S's over N's). I'm keying off of S&P 836 and NDX 990ish as levels that must hold if Snapper and Hoofy are gonna dance the Texas two-step. Again, I'm not playing it that way (I've got a leg in my bear outfit), but IF you're bullish, you may wanna use those levels as a stop.

More importantly, remember that you're not mandated to play every day. Wait for your pitch and don't drive blind. It's a mixed metaphor...but hey, work with me. It's Frieday!

Gotta hop.

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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.

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