Some mid-day Tina Turner, Toddo?
- First to fall over when the atmosphere is less than perfect...
- Fats Domino.
- "So many Americans have filed for bankruptcy - one in every eight households, by one estimate - that many people say the social stigma is gone."
- The internals have yet to confirm the upside.
- What's love got to do with it?
- Goldman (GS) is edging ever-so-closer to our aforementioned resistance ($107.50).
- Remember, Amazon (AMZN) is a retailer, not a pure net play.
- Why is it so easy to gain weight and lose money? Shouldn't it be the other way around?
- The dollar is quietly edging to session highs (DXY +33 bips).
- Patience is simply another form of discipline.
- The other side of isolationism.
- "Triangles are notable patterns for a number of reasons, first and foremost of which is that they precede the final move in a larger pattern - in this case, the entire bounce off the SMH lows from April 15th. So the potential for a triangle here suggests that a thrust up and out of this consolidation could occur very soon (next handful of trading hours) but that once complete, should end the entire bounce off the lows of April 15th and then lead to a decline substantially below those 15th lows." -- Scott Reamer on today's Buzz.
- Contrary indicator or beginning of a glacier-sized shift in public perception?
- Are you ready for some football?
- Brown Boots!
- I offered yesterday that Goldman (GS) looked ripe for a gripe under $107.50. That isn't advice, it's a simple assimilation of the technicals and the daily news.
- "I am not a believer in conspiracy theories. But the Fed's behavior since the late 1990s is starting to change my mind." Morgan sage Stephen Roach in his always excellent Morgan missive.
- Job losses, eh?
- I offered this morning that we'd likely see an upward probe before a sterner test. My sense is that there's still a bit of room in that scenario.
- Please note the level in Citigroup (C) as it edges closer to the dandruff levels. $47.50 is where the world's biggest financial supermarket "broke" and it's where some supply should start to fill in.
- Settle down Meehan!
- The drugs continues to bide their time above DRG 325
- There is a classic battle unfolding at S&P 1163 as Hoofy tries to trigger "buy stops" on the other side of nirvana. With the NDX quickly approaching 1460 and the DJIA a stone's throw from 10-4, I am admittedly wary of the vaunted pop & drop. The tone and tenor of this lift will offer ample clues--look for leadership, volume and breadth as we collectively find our way.
- Minyans in the Mountains. August 18-21st. Details to follow in the next few weeks. Thanks kindly for your patience.
- Some days you're gonna be the windshield and other days you're gonna be the bug. We gotta take the good with the bad and aim for consistency.
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.
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.
Daily Recap Newsletter