You should see me in a sun dress!
- Do you think John Denver sang about Colorado because of his name? What if his name was John Laramie?
- There's alotta noise surrounding Microsoft (MSFT:NASD) and the stochastics are so twisted that it would make McMurphy blush (bullish)...but it is worth noting that the 50-day moving average crossed the 200-day moving average (to the downside) and that's not historically bullish. In the interest of full disclosure, I am trading this name (and this isn't advice) but I wanted to share the process.
- I'm leaving on a jet plane...this afternoon. The critters are going Hollywood and I've been elected chaperone. Go figure.
- With the Trannies breaking three bottoms (and the 200-day moving average), Dow theorists can't be feeling too good about the future (sans a bounce).
- Mind the gaps! As a function of yesterday's fugly open, a (small) vacuum exists above S&P 1103 and NDX 1390.
- Just hop on the bus, Gus. Make a new plan, Stan. You don't need to be coy, Roy. Just listen to me.
- If you find that you're continually getting booted off the 'Ville, chances are that somebody is sharing your password. You can alleviate this issue by going into the "manage account" section (to the left) and changing it.
- The higher the opening, the less bullish it is for the day. Either way, I sense an up-down-up session.
- I miss Joel.
- What's the difference between pricing in valid risk premiums and being overly sensitive to geopolitical concerns? Simple--the color of your screen.
- NDX 1378--live it, learn it, love it, leave it. The 200-day moving average is the technical level du jour.
- Lotsa Buc fans are emailing me with Warren Sapp horror stories. Shocker!
- S&P 1100-1105 should be the first upside test. Look for good "buy stops" above.
- Snoop Tone lobbed in this factoid near yesterday's close: "Since 1962 (where our data begins), 75% of second year equity market recoveries begin with a significant correction. The average is a decline from the Q1 peak is 5.28% and can create a negative return for the year - before the next significant move higher. Despite the current "feel" of the market, as of this quick note, the S&P 500 (SPX) is now down 5.4% and hit the historical average Q1 correction today."
- Big technical levels--real or perceived--tend to hold on the first (or second...or third) try. We saw it at S&P 1160 (remember that?), we're seeing it at the NDX 200-day and we'll likely see it at DOW 10K.
- Minyans are suggesting that Professor Goepfert run a regression analysis of the Minxy behavior when I'm away from my turret. Saucy!
- Watch the internals today--particularly the upvolume/downvolume.
- Who be putting their Cools out on my floor? Who be putting their Cools out on my floor?
- As has been Buzzed, alotta strategists are using the geopolitical card as an "out." The truth is, Boo has been screaming for attention for quite a while but it didn't matter until stocks turned.
- The General Electric (GE:NYSE) top?
- I sent everyone on the diet bet a couple of bags of Minyanville chocolate chip cookies. Yeah, that's dirty pool.
- The more I hear "counter trend Tuesday," the less bullish I get on the margin.
- "I've got a prostate the size of a honeydew and a head full of bad memories." --Maury Ballstein
- Goldman (GS:NYSE) just vaporized their numbers. These are tricky traders on earnings (remember Lehman (LEH:NYSE)?) but its worth noting that the field position is different than it was a few weeks ago.
- Prayers to our Mid-East Minyans.
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