Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Boss Hogg

By

Who you calling hairy?

PrintPRINT


My tires were slashed and I almost crashed
But the Lord had mercy
My machine she's a dud out stuck in the mud
Somewhere in the swamps of Jersey

(Bruce Springsteen)


Talk about a pickle! While most Minyans focused their trivia quest on sashimi style samplers, they clearly weren't herring me. Only Minyan John Scott identified the pickled protein and won himself a spankin' brand new Minyanville tee! His critter of choice? Snapper, obviously, and our resident tortoise continues to top the best seller list. I wonder if there's a message in that?

Back in life, back to reality, S&P 990 continues to be a level of contention. Despite the bunk banks and breadth that borders on halitosis, the underlying tenor hangs tough. It may have something to do with INTC's (INTC:NASD) bid to fill the gap (to 27), maybe it's the tight tone of the retailers or perhaps it's expiration related stickiness. Whatever it is, Boo continues to do his best salmon impersonation against Hoofy's steam team.

I've done some manicuring today as I want to be tight heading into the overnight news. I've got some defined risk paper on (both ways) and I'm trading intraday to augment my risk profile. The lethargy in the face of good news is a potential shift in the market dynamic (remember when bad news was bought?) but, again, this battle is far from over. I've got little doubt as to how this will end but the journey remains more important than the destination.

International Business Machines (IBM:NYSE) and QLogic (QLGC:NASD) lead tonight's earnings parade while Altria (MO:NYSE), Caterpillar (CAT:NYSE), Coca Cola (KO:NYSE), General Motors (GM:NYSE), Nokia (NOK:NYSE) and United Healthcare (UNH:NYSE) highlight tomorrow morning's show. Monsieur Beeks will also be active with housing starts (exp.1750k), jobless claims (exp. 425k) and the Philly cheese steak (exp. 7.0).

I've got a fair amount on my plate right now (earnings wise) so please lemme jump and flip ticks. If you're cossing toins on your market exposure, take a deep breath and think of your relative edge. The next few sessions, filled with earnings and expiration, promise to be hairy. When that happens, you typically want to be as clean shaven as possible.

Good luck into the close.

position in intc

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.

PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE