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Random Thoughts

By

If I'm gonna do my thang, this NDX trendline hasta hold!

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  • Did you ever try to put a cat on a diet? It's not a pretty situation.

  • When I set up a pairs trade, I generally prefer to use options as my vehicle of choice. On a "pure pair," it should set up (initially) as delta neutral.

  • There's fresh Saddam chatter every day. While a lot depends on our field position (at the time of his capture), my inclination is to count to 100 backwards (and by primes) and fade that rally.

  • There's a nifty little flag pattern forming on the S&P 10-day chart. It just broke to the downside.

  • Anybody can be your pal when times are good. You find out who your real friends are when the chips are down.

  • Every time I'm flippin' and land on a Yankee game, Matsui hits a home run.

  • I will be away from Minyanville on Friday but rumor has it that Snoop Tone will be the substitute teacher.

  • Don't sweat the petty things and don't pet the sweaty things.

  • Don't confuse cost cutting and end demand. They both "help" earnings but the former only serves as a means to an end.

  • Why is talking about 9/11 taboo? I'm not suggesting we should dwell on it, but I don't think we should avoid it either.

  • Will you really be shocked when there's a double digit unemployment rate?

  • How come the professor could make a radio out of a coconut but couldn't build a raft?

  • There is a huge difference between loving your country and blind patriotism.

  • Beeks begins his economic tantrum tomorrow with GDP (exp. 1.5%), the employment cost index (exp. .9%), initial jobless claims (exp. 400k), the Chicago PMI (exp. 53.8) and the help wanted index (exp. 37).

  • What the heck are those green mailboxes for in the city?

  • Earnings tomorrow morning include Exxon Mobil (XOM:NYSE), Halliburton (HAL:NYSE) and Procter & Gamble (PG:NYSE).

  • Cheney. Halliburton. Iraq.

  • If a parsley farmer is sued, do they garnish his wages?

  • How do you shoot the devil in the back. What if you miss?

  • The critique for last night's show in Sunrise, Florida, by Minyan Tommy Carden: I would classify the show as fair. The Shakedown opener was nice. Alabama Getaway into West L.A. could have been good but Dylan dropped the ball. Joan Osborne sang lead on Crazy Fingers, and I wanted to shoot myself! Bobby did Liberty, whatever, it was Liberty, you know? Second set opener El Paso and Cumberland Blues were good, as was Mississippi half step. Playing in the band was ok, but no Uncle Johns!. A decent Estimated and a rockin' Lovelight before they closed with Bid You Goodnight. Second set better than the first, but, all in all a little disappointed. The band played pretty tight, but, Joan Osborne has to go!

  • Dubya irks me sometimes. There, I said it.

  • The S&P 50-day moving average is now 982ish while the NDX trendline is 1265ish. Why are they higher than they were? The slope is a function of price and time.

  • I AM seeing some legitimate supply out there today.

  • Does the Little Mermaid wear an algebra?

  • Here's our bond bounce and, thus far, stocks haven't responded.

  • Mr. All Class World Champion Bucs fan is coming in next week for his much anticipated day in Minyanville. Hey Chucky...I've got some surprises for you!

  • Breadth is starting to developed halitosis--keep your nose peeled!

  • Phobaphobia is a fear of fearing.

  • Congrats Lappy!

  • We've now put four consecutive lower highs in the S&P.

  • Watch the NDX here...it's sitting on the trendline. A close below would be the first time since March.

  • Minyan Trivia: How many muscles does it take to produce human speech? The first correct answer sent to survey@minyanville.com wins a free summer tee!













position in qqq

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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