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Random Thoughts

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Is this the calm after the storm?

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  • What a shame!

  • "Trend indications remain positive, though last week saw 113 fresh breakdowns to only 4 fresh breakouts. Those stats don't mean much in isolation, though they are taking place within 5% of a new high in the SPX. What matters more are the divergences developing in breadth and new highs. Both series peaked in July as the market first attempted to rally through 1250, but have contracted from those levels during the most recent advance." -- Lehman technician Jeff DeGraaf

  • Keep an eye on crude as it eyes the all-important $63/brl level (Dandruff City, USA). While I remain of the belief that we saw the '05 highs for Texas Tea on the heels of Katrina, a violation of this level will likely put the nail on that rig.

  • Amanda Jones was ahead of her time.

  • $32 billion here, $32 billion there...

  • NYSE breadth has settled back to a 2:1 positive posture.

  • We mentioned the potential for the probe lower (we got it) and the try higher (seeing it now). I think Hoofy has a shot at higher levels but he must accept that overnight preannouncement risk may hang over the tape (August was a tough month for the fundies).

  • The Elmer Spin Cycle.

  • "The market believes hurricanes are good for stocks -- Just like other external disturbances or disruptions, it's only a short time before investors/the market quickly spins a perceived negative into a positive. Don't get us wrong...one day that's not going to be the case. But here, despite weakening market internals (i.e., cumulative breadth, new highs, advancing volume) the major indexes remain relatively secure. The DJIA, however, is in the weakest technical position relative to the S&P 500 and Nasdaq as it is below its 50- and 200-day moving averages." -- Uber-Minyan John Roque of Natexis Bleichroeder

  • Navin R. Johnson would be proud.

  • This is a tremendously insightful article on the direction of nextgen media and entirely consistent with the inner monologue of our own President Fish.

  • The Pats, Chiefs and Iggles are a tough way to start any season. Still, there's no crying in football and there's no joy in Oakland.

  • No Toddo, you're thin. Really. Your weight expectations remain well-contained.

  • Keep an eye on the trannies--no, the transports--as they edge above the 200-day and test all kinds of breakdown resistance.

  • On Thursday, Hamzei Analytics proudly presents Frank Barbera: the gifted hedge fund manager, former KWHY-TV technical analyst and founding member of Gold & Silver Index (XAU). Frank will share with us his current forecast for the Equity, Oil and Precious Metals Markets before taking questions from the participants. Click here to get your one day pass to the website and the chatroom.

  • Between Iraq and a hard place.

  • Snaps to Bernie Williams for 15 years of professional conduct.

  • Alternative energy sources.

  • Succo and I are preparing a special 'fest for the winner of the gold coin charity auction (100% of the proceeds will be donated to disaster relief).

  • Isolationist vibes.

  • It's nice to see Neil Glassman's grandchild doing well for herself.



    R.P.
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No positions in stocks mentioned.

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.

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