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.

The 20/20 Club


Where's the love?


The opening high was poked in the eye as the early supply quelled the upside try. The bonds are poppin' and that, coupled with the heavy S&P futes, smells like asset alligators are doin' their thang. Perhaps that's the stealth supply we sniffed out earlier?

Sun Microsystems (SUNW:NASD), meanwhile, is the latest inductee in the dreaded 20/20 club. With it's 20% drubbing on the heels of earnings, it joins the ever expanding list of those taking the fifth. There are some bright lights in the big city (most notably the internet space) but the early flavor is a bit bitter.

Breadth is 3:2 negative, energy is starting to catch a bid and the Minx is starting to eye yesterday's lows (which, by the way, are our trend channels). Stay on your toes and use your keppes, Minyans, the games have only just begun.

I'll be back.
position in spx

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.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

Featured Videos