Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Trading Blades


Be good to others and better to yourself!


You've been bought, you've been sold
You've been locked outside the door
But you stand there pleadin' with your insides bleedin'
'Cause deep down you want some more

(Billy Joel)

Well alrightee then--Beeks freaks, Hoofy speaks and it's now turned into one of those weeks. There's no shortage of opinions regarding this morning's data (or the future of the flickering ticks) and, as always, price will prove to be the final arbiter. That, in a nutshell, is what will separate the giggles and grumbles as we edge towards our requisite two day respite. The bottom line is the final line--at least for now.

The big story today? The payroll spike, the infamous 8:28 release, the composition of the data, the minxy reaction, rotation into tech, purging of volatility, lethargy in the financials, metal smelting, bonds melting, dollar traction, European reaction, bovine satisfaction and the fatal attraction. It's surely a lot to digest and while hindsight will provide clarity, we must proactively make some tough choices.

While the Nazz is jazzy, Hoofy isn't assured a run into the weekend sun. We've long identified the financials as the single most important sector and they're getting roasted like a Laurie right now. The rotation migration is clear--out of rate sensitive names and into the master betas--but can the tape really rip with drippy piggies? One thing for sure, the close will go a long way towards shaping Monday's clay.

Next week will be a short one in front of the bunnies but Alcoa (AA:NYSE) (Tuesday) and Yahoo! (YHOO:NASD) (Wednesday) will officially usher in the earnings avalanche. Yes, Minyans, it's that time of the quarter when corporate America will step forward to be counted. I've heard chatter of isolated downticks (tech) but it'll boil down to the theory of relativity--field position vs. sentiment vs. fundies.

I'm gonna hop so lemme take this time to wish ye faithful a fantastic weekend. Stay on your toes into the close as alotta crosscurrents make this one tough to call. N's over S's remain the theme du jour but equities, by and large, may shift a bit once bonds call it a day. Think positive, remain lucid and remember, Minyans, disicpline is the common thread of any successful strategy.

Fare ye well.


< Previous
  • 1
Next >
position in qqq

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.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

Featured Videos