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The Bangle Tangle

By

Kisser? I don't even know her!

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It's just another manic Monday
I wish it was Sunday
'Cause that's my fun day
My I don't have to run day
It's just another manic Monday


(The Bangles)


Oh Susanna (Hoffs), don't you cry for me -- I've been trading every rally with a young bear on my knee! Speaking of rallies, Sally, the Minx has sprinted off her starting levels and sprouted green seeds. It was a delayed reaction, of sorts, as the opening chasers had their guts checked before reaping their (uber-early) reward. The upside try was intuitive (after closing on the highs Friday) and now, Mon Frere, we'll see what she's got.

S&P 940 (NDX 1160) is the upper end of the most recent range and should provide the first resistance. BKX 800 is also a focus as the financials are playing pong around that inflection point. The bull will argue that the pullback to BKX 795 was healthy while the bear maintains that they're very extended and vulnerable. Who's right? Both, potentially, and while I remain financially furry, I respect the power of perception.

On the macro front, gold continues to act firmer than a college cheerleader and that, coupled with the dollar, are macro "concerns" for Hoofy. Stateside, networkers are leading the tech charge (Cisco (CSCO:Nasdaq)) while software, as a group, relatively underperforms. The semis are mixed, hardware is firm, biotech are soft and Fokker forgot to shave (copy cat).

In Minyanville news, the critters are anxiously awaiting the arrival of Captain Casey later this week. We've got a lot to discuss, from University updates to Guitar galas, so this promises to be an exciting week. The spirit of Minyanville is thriving as our community continues to expand daily and we've got YOU to thank. That's good stuff, Minyans, and it's mucho appreciated.

As always, I hope this finds you with a smile on your kisser.
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 todd@minyanville.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.

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