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Random Thoughts

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Technicals are never absolute...

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  • Who owns the patent on patent leather?

  • The CRB is under the gun--and under important support at CRB 320. We've seen some false breakdowns (of this trendline) through the years so remember, Minyans, technicals are never absolute. With crude and aluminum down 4%, gold off double digits and silver solidly in Red Dye (-3.5%), we need to keep an ear to the ground as we listen for a collective pfffft.

  • As it stands, Tom and Katie haven't been brought in for questioning.

  • "From our perspective, it is too early to suggest that the near 7-year trend that has favored small caps over big caps is over. But we like the higher low in the "relative ratio" (between the two)." Uber-Minyan John Roque of Natexis Bleichroede.

  • The nosty internals suggest keeping our right hand up. They are, without doubt, the single best intraday tell when skewed 2:1 in either direction.

  • A little birdie has told me that the upcoming season of Entourage is, by far, the best yet. No disrespect to Tony and the Soprano gang but I think that this is the best show on television. And no Jeff, that's not coveting--I'm simply supporting a friend.

  • "Notice the action in utes. In a word, FUGLY. As we have been saying forever, they are THE TELL when it comes to leading indicators. And they have taken out every trendline known to man. Can they bounce? Yes. Are they oversold? A little. To me the damage is done, and with rates rising as mentioned in my piece, Mr. Bear may be lurking. That is my call and I am sticking to it! Not advice, but we continue to lighten equity exposure prior to April 1." Bennet "Blue Steel" Sedacca on today's Buzz.

  • A few Minyans asked if it bothers me that other media platforms often "borrow" our style and substance. My response is constant--it'll bother me when they stop reading us!

  • Roll Call! The weekly Investor's Intelligence survey finds an ever so slight rise in bullish sentiment to 42.7% from 42.6% prior, while bearish sentiment rose to 31.3% from 30.8% prior.

  • Maybe the barbies should hold off on the shrimp for a bit?

  • Consistent with earlier discussions--and in the interest of being forthright, I haven't pulled the buy side trigger yet on Newmont. Sometimes the ability not to trade trumps trading ability but, with that said, energy and metals remain long-term winners absent an outright deflationary spiral (which I believe Boom Boom will try to circumvent at all costs).

  • Applied Materials (-3%) and AMD (-4%) are weighing anew on the chip shtick. SOX 500 should be a psychological support but real support rests at SOX 475 (200-day).

  • Don't look now but the piggies just got poked. The brokers are down a quick percent and the banks are off 60 bips. They remain, in my view the most important sector in the equity landscape. A sticky Citi is doing a Cliff Branch interpretation so that balances the bearish bent a bit.

  • Hello Google my old friend, you're near the 200-day again....

  • Fembot?

  • "Minyan Adam "12" just radioed in to keep an eye on Weyerhaeuser (WY) as it creeps up against 70. That's a "huge number all the way back." On a PnF basis, a move to 72 on a long-term 2x3 chart would break a spread triple top. The long-term count based on the January breakout is 86." Pepe Depew on today's Buzz

  • Pharma and biotech remain the only sticky sectors as we ready for our weekly hump.

  • Syracuse-Cinci has started March Madness. The winner gets UCONN, which is always fun, but we'll take this journey one step at a time.

  • And finally, many snaps to those who participated in Sunday's Jacob's Cure Minyanbowl. Pepe Depew took the MVHQ crown and led the effort to support this worthy cause. If you would like to learn more about the Ruby Peck Foundation and our philanthropic roots, please click here. As we all chase the sirens of net worth, it's great to make some deposits in the bank of self-worth along the way.

    R.P.

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No positions in stocks mentioned.

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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