Crafting a Feel
You want a war, Boo? You've got it!
She's crafty - she's gets around
She's crafty - she's always down
She's crafty - she's got a gripe
She's crafty - and she's just my type
(the Beastie Boys)
Warning: Stocks as they appear may change dramatically as a function of today's catalsyts.
The Minx springs to life and Hump Day in Minyanville has begun. My early observations include constructive internals in the S&P, sloppy action in the financials, sellers emerging in CSCO, continued weakness in the biotechs and Fokker's need for a haircut. Hey kid--groom yourself!
Take all of these early looks, feels, peeks and sniffs and put 'em on the back burner. The chatter that will inevitably fill your room in a half hour will be Powellful and change the landscape dramatically. What I'm weighing (aside from 200 lbs) is the conventional wisdom. I've spoken to traders who think they rip 'em higher and I've heard from those who think they're a sale. My instincts continues to be that selling rallies will prove profitable--my question is one of timing.
Watch Cisco, Citigroup, Microsoft, our levels (840-870) and, most importantly, watch your back.
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.
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.
Daily Recap Newsletter