More Random Thoughts
By Todd Harrison Mar 27, 2003 2:28 pm
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!
No positions in stocks mentioned.
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