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.

Dr. Probe


You can game timing or the direction but it's very hard to nail 'em at the same time.


Alan Stanwyck: You do own rubber gloves?
Fletch: I rent 'em. I have a lease with an option to buy.

Using the whole fist there, Doc? The moon river morning is starting to unfold as the initial jig turned down like a pig. We figured it would--tapes typically test the direction of the previous day's "outsized" move--and now it's time for the oral examination. Lets focus on these flicky ticks my friends, and with a little luck, Mr. Stanwyk will soon join us for a steak sandwich (and a steak sandwich).

The financials stand out early as both the piggies and the brokers are pink on the inside. That quelled the early sentiment and offered pause to the upside cause. Could this be yet another rotation (perhaps into some four-letter freaks)? Sure, especially since the semis have gotten smoked of late and the banks have held up relatively well. Makes sense, intuitively, particularly if rate hikes are perceived on the horizon.

Breadth hangs tough early and, as that was the Snapper trapper yesterday, we gotta pay attention to it. The semis, for those watching, are now testin' SOX 500 the other way and while my stochastics haven't "crossed" (confirmed), they're awfully close. There's something a bit too obvious about semi snappage but, either way, they'll set the tone for tech.

Other observations include the homies (who's down with O.P.P), the internets (trying), retail (continues to act like a crowded mall), the dollar (heavy), Europe (firm), gold (flat) and Fokker (flush). We've officially started training the new blood and as I watch Greg RN, I can't help but feel as if my baby is all grown up. Take it easy on him, Florence, and stop drinkin' so much coffee!

Gonna hop (a bit busy) but nothing I see changes my initial take from earlier (could test our support zones and snap higher). Those thoughts are offered against a troublesome backdrop (my humble opinion) so while I may rent (read: buy to sell) at times, I want to be quite tight on my risk profile. The winds,as whippy as they are, may be a'changin'.

As always, hope you're hittin' 'em hard.

< Previous
  • 1
Next >
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