More Random Thoughts
That S&P 855 zone has been bery, bery good to me!
- Have you downloaded your Minyanville ICON yet?
- What does Fokker look like? Think Pee Wee from Porkey's meets Radar O'Reilly.
- NYSE breadth is positive.
- The action yesterday and (thus far) today has been much ado about nuttin (seriously!). If you guessed and pressed, however, they were miserable days.
- This used to be a market of stocks, now it's a stock market. With the exception of a handful of issues, equities are correlating as a single instrument.
- There's all kinds of alligator chatter today -- that might explain why the market is firm with crude up 6%.
- I'm going to take a much needed respite and hand over tomorrow's daily missives to Snoop and Brian. Please understand, Minyans, and apologies in advance for missing anything "telling."
- Saturday's March Madness Maryland Minyanfest will be held at Padonia Station (Padonia Village Shopping Center at York and Padonia Roads in Timonium, Maryland. Phone: 410-252-8181) from 4 p.m. to 7 p.m.. Wasabi!
- The semis have lagged all day but the banks have seemingly found some footing.
- The macro hedge fund flow is skewed to the buy side today. As a matter of fact, one large fund keeps reloading on the buy side (S&P futures) and it's so thin, they're squeezing the tape higher.
- Bilinis are much better than toast points.
- This tape has more gaps than a shopping mall! We've now filled the opening gaps in the Ss and Ns. If (big if) the S&P can garner jig through 880, there is a gap (from Monday's opening) to the previous high (S&P 895).
- These big caps are trading like thin issues!
- The OIH (oil service holders) have been acting as a crude proxy of late.
- Temptation, frustration, so bad it makes him cry. Wet bus stop, she's waiting, his car is warm and dry.
- The Nasdaq breath (as of this post) is flat.
- What is it about eating an ice cream cone that makes you feel like a little kid again?
- What is it about trading this market that makes you feel like an old man?
- Why do the forced, disciplined sales (buys) always turn out to be the best trades?
- If the Internet stocks are being used as master beta proxies, does that make them good shorts when the quarter end chase is up?
- The weeding out process that began in 2000 continues and the overcapacity in the financial industry is slowly seeping out.
- The Dead (sans Jerry) is touring this summer. Schwing!
- The ability to remove emotion and performance anxiety leads to much better tactical trading decisions.
- Does anybody else think it's unnerving that the President of the United States and the British Prime Minister were fielding questions on the use of nuclear weapons?
- It's not your fault! It's not your fault! It's not your fault!
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.
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