The Monster Mash
May peace be with you!
"Love is the only thing that can save this poor creature and I am going to convince him that he is loved even at the cost of my own life. No matter what you hear in there, no matter how cruelly I beg you, no matter how terribly I may scream, do not open this door or you will undo everything I have worked for. Do you understand? Do not open this door!"
Dr. Frederick Frankenstein
The Thursday blur is sneaking by as Hoofy gives his college try. There was some pressure this morning as Boo's crew turned the screws but the crude dumpage (-2%) quickly quelled that swell. We opined (on the Buzz) that today was gonna be a "meaningless meander that is capped on the upside" and, thus far, that's exactly what it is. Now, with the Mother Chip on tap and the trade balance tomorrow, we're in posture mode into the close.
I don't have a relative edge on what Intel will say but expectations are lofty. The whisper on the street is that they'll boost guidance and anything less that that will be a swing and a miss. The other side of that trade is the constructive SOX chart which is flakin' reverse dandruff above SOX 420. I wish I had a salient thought on which way these chips will play but I'd rather be honest than bold. We'll figure it out soon enough, Minyans, and we'll get to the other side together.
On a broader note, I opined last Friday that the Minx would be lower one week out and I still feel good on that thought. It certainly seemed like we were spittin' in the wind at the time but the lopsided lean has lost some steam. Now that we've worked off some of that froth, however, we're faced with a collective "what now?" Will the (inevitable) pause in energy spur the herd or has the specter of higher rates planted a sorry seed in the mindset of the masses? Things that make you go...are we there yet?
I'm gonna hop and hobble back to the Buzz and ride out this puppy in style. On a housekeeping note, we've got a few upside surprises on the content front coming your way and I trust that you'll recognize the new professors. I remain humbled by the collection of talent that surrounds us daily and thankful for the continued support of ye faithful. We're on the verge of something truly spectacular and we couldn't do it without you.
Fare ye well into the bell and have a peaceful evening.
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 email@example.com.
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