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Grudge Match


I'm gettin' quite the reputation!


Desert sky
Dream beneath a desert sky
The rivers run but soon run dry
We need new dreams tonight


First things first, I wanna give a shout out to the Minyanheads who attended last night's fete. We had Meehans, Handels and Hermans in the house -- we even had a Minyan who traveled all the way from Bucks County, PA! I'll tell ya, there's nothin' better than good tunes and great friends. It's just what the doctor ordered!

Turning our attention to the monster Minx, the tape is a collection of disparate pieces. The financials, biotechs and retailers act drier than a desert sky while the semis and 'Soft trade heavy. It's prototypical S's over N's action as we edge our way through the morning muck.

Microsoft (MSFT:Nasdaq) is a huge stock from a sentiment standpoint and my eyes are migrating between that, Goldman Sachs (GS:NYSE), the breadth (evening), the opening gaps (filling), the internets, retail and the dollar (getting smoked). The early Snapper cameo was intuitive (after a big run), now we've gotta see if he's got the juice to squeeze the opening pressers.

S&P 980, NDX 1210 and DJIA 9000 remain levels of technical stickiness and a breach would signal that further slippage may be in the cards. It's a similar scenario as yesterday -- the longer they hold, the better their prospects. What's different? Microsoft, Xilinx (XLNX:Nasdaq), Maxim (MXIM:Nasdaq), slushy factory orders and a closer proximity to the looming catalysts.

Trade ye well.
position in msft, gs, spx, qqq, bbh

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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