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Slumber Party


I'm going Hollywood baby!


We've both been sound asleep,
Wake up, little Susie, and weep
The movie's over, it's four o'clock
And we're in trouble deep

(The Everly Brothers)

The afternoon snooze continues to cruise as the bears dance a jig and the bulls sing the blues. The action is unremarkable in many ways and more likely than not, traders are fried, tried and weary eyed. It's understandable--the critters are breathing heavy and resting their paws on their knees--but I told them to stay sharp. We've got a short sprint to the weekend print and the witches are sure to cause twitches!

It was a whippy five session span that didn't really get us anywhere. The bears entered the week with their forks ready but the bulls responded with their corks steady. There was a handful of news--and plenty of underlying chatter--but the combination of expiration and lack of conviction (light volumes) kept most players on the court. And after our requisite two day respite, we'll get to jump ball and do it all again.

Next week's news includes a handful of earnings (Goldman (GS:NYSE), Micron (MU:NYSE)), a buncha Beeks (durable goods, GDP, Wolverine), a collection of conferences (CSFB wireless, Morgan energy) and a Minyan road show. The critters and I will be on the left coast from Wednesday through Friday and while I'll do my best to check in, know that the other professors are gonna step up. You're in good hands, my friends, and the Buzz must go on!

Not much has changed in the Minxy mix as we're slithering sideways and taking it all in. My gut (along with other measures) dictates that we've got a bit further downside (under S&P 1100) before an eventual bounce (that ultimately fails). The stochastics (and perhaps psychology) warrant respect as Snapper is losing popularity in critter circles. I only hope that his Terrapin troop from Maryland suffers the same fate when they face my (overmatched) Orangemen on Saturday!

I'm gonna jump and juggle as I've got a few calls and an expiration to focus on. It's been a long week and I urge you all to take some time in the days ahead to rebalance and rejuvenate. You work to live--you don't live to work--but that's easier said than done when you're up to your ears in muck. I'm a hypocrite, I know, but that doesn't mean we should stop trying! Have a fantastic weekend and may peace be with you.

Good luck into the closing bell.

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.

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