Freaky Friday Random Thoughts
Hang in there Minyans!
- This is, by far, the coolest story I've seen in a while.
- Question I posed yesterday: Does the five year chart in the brokers (XBD) look like a "blow off" to anyone else? Buzz posted today (by Pepe Depew): The AMEX Broker Dealer Index (XBD) has registered a TD-Sequential 13 "sell" signal on the daily chart.
- The most bullish thing on my screen? The financials, as the banks and brokers hang tough in a perverted yield curve. The second most bullish thing on my screen? The CRB (+1.75%), if you believe that a rising tide lifts all asset classes.
- The consensus among my trading troops is that the S's are resting before they sport some acne. Jack Skiba of Morgan Stanley--who is retiring TODAY after 28 years, five months and seven days---taught me early and often never to anticipate the anticipator!
- Nicole, I'm tellin' ya, he's a PIG!
- We spoke of potential '06 themes in January and this Glamis Gold-Western Silver marriage seems to fit that bill.
- Of Cooks and Books? Aunt Fannie is down a deuce (2%) and has effectively coughed up all of yesterday's curious gains. I wonder if Franklin Raines is gonna dress up like a zebra for Halloween?
- Freedom of Herb?
- Inertia Alert! Energy (crude +4%) and metals (XAU +2%) , after bouncing off CRB 320, continue their quest to assume the "leaders of tomorrow" badges. I have little doubt they will, I'm just not sure if we'll be able to buy 'em cheaper
- The homies are sluggish today but remain well above newfound support (HGX 260).
- Hey, it could be worse.
- IBM is sporting some broad (head &) shoulders. Maybe that's why he's so hard to bring down?
- My trusty stochastics are twisty (overbought) in the old school while the semis are starting to get a bit flushed out. Are we due for some N's over S's?
- We've got a snazzy new professor on deck for next week and my sense is that Minyans are gonna dig him big time.
- General Electric is starting to cast a wary eye towards support at $32.5.
- Continued love and white light to our buddy Fokker as he digests a difficult loss.
- While I was (very much) looking forward to a Friday night face plant, I must again board a plane and head to _____ for a MIM3 site visit. I'll be taking the red eye back Monday night and for a bright-eyed and bushy-tailed Tuesday. Have a fantastic weekend, my friends, and may the four winds blow you safely home.
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 firstname.lastname@example.org.
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