After the Minx kissed our trendline support and spiked higher, the only chatter I'm picking up is low-level stories of a Saddam capture. Obviously, I've got no "edge" per se on whether this is true -- and it may, in fact, be a rhyme assigned to the reason -- but it's what I got and now, it's what you got.
Regardless, the tone and tenor of the tape shifted dramatically and it clearly caught some shorts with their pants down. Watch S&P 905 and NDX 1100 as upper ends of the recent resistance range.
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 email@example.com.
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