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Random Thoughts


When in doubt, sit it out...or at least wait until the Monday's subside.

  • Thy precious metals are front and center anew as silver dips a quick finski (5%) and gold dabbles in double digit losses. The bipolar stroller has become old hat, of sorts, as each day seems to be a world unto itself. What's interesting about today's fray, however, is that the smeltage is coming on the heels of a softer US dollar (at eight month lows).

  • My current risk profile remains largely in tact as we edge into a fresh five session set. I'm keeping a very close eye on the brokers, which opened sloppy but are trying to mount a comeback.

  • S&P 1295-1300 is initial support (it's where we broke out) and NDX 1700 (there now) is a similar stand.

  • Otay Stanky! Market breadth is worse than 2:1 in both the old school and four-letter freak land. When internals are this skewed, each tick on the clock brings us closer to our oft-stated mantra that "tapes that are heavy all session tend to end that way."

  • I spoke of smoke in my morning opener. While those vibes aren't "actionable," per se, I'm watching all things financial for signs of sirens. As it stands, the money center banks trade drier than their Duke & Duke counterparts.

  • I suppose there was once a time in my life when I took things for granted. No mas, mi amigo. Not a day passes when I'm not thankful for the blessings that surround me.

  • Mini-Minyan Mailbag:

    Hey Fellas, Did you see the big jump in commercial shorts last week. That doesn't mean crude has topped, but something to keep an eye on. Minyan Adam

  • Note the Homies as they slip back under double secret support (HGX 264)

  • Snapper tried to rally the troops but failed to dent breadth or turn the beat around. As I like to watch my tea leaves for signs of slippage or traction (during this intraday efforts), I just gave a Dom Deluise style thumbs up.

  • There's nothing like a good noodle as we ready to welcome Jeff "As Good as it Gets" Saut for a Sushi reprise.

  • Love to hear the percussion...

  • I attended the Jimmy V Foundation annual fete on Friday. It's great to see so many good people rallying around such a great cause.

  • When in doubt, sit it out...or at least wait until the Monday's subside.

  • We're up to our eyes with Mountain surprises! If you haven't eyeballed the MIM3 details, I would advise you to take a gander. It's awesome baby, particularly with the uber-early bird special that Queen V is offering through the end of the month.

  • R.P.
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No positions in stocks mentioned.

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.

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