You knew that, at the very least, I was gonna give it a try!
- The GSE's (Fannie Mae (FNM:NYSE), Freddie Mac (FRE:NYSE) are still a focus.
- Uber-early morning breadth is 3:2 negative on the Nazz, flattish on the big board.
- S's over N's.
- The greenback is sneaking lower again.
- The drugs have an early bid (Eli Lilly (LLY:NYSE)).
- If you're really creative, you can see a head and shoulders pattern in the 10 day NDX chart.
- Watch the homebuilders and biotechs for any signs of slippage in the face of good news (Lennar (LEN:NYSE) and sell-side push).
- The brokers continue to be the most important sector on the big board.
- Dell's (DELL:NYSE) COO is saying no signs of a tech pickup at the Bear Stearns conference. This is NOT new commentary on his part.
- Given the recent shrugs, I would have thought Texas Instruments (TXN:NYSE) would have more of a bid.
- 16.3% bears. That's insane.
- Watch IBM (IBM:NYSE) and Microsoft (MSFT:Nasdaq) to see if they can reassume a leadership role.
- Friday's high (S&P 1008) is a logical place for short side stops.
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 firstname.lastname@example.org.
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