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.

Random Thoughts: Will a Market Probe Arrive?


Typically, the longer we wait before that test, the less likely it becomes that we'll rebound from it...

  • Get up, Stand up! Stand up for your rights! The standout action, thus far, is the smack down in the homies (HGX -1%). On the periphery, the green tint to the semis (which have been punky brewster) and the bid to energy also warrant a mention.

  • I offered out of this morning's gate that I thought we would see a probe--at the least--following yesterday's high volume downside reversal.

  • Typically, the longer we wait before that test, the less likely it becomes that we'll rebound from it (if it in fact arrives).

  • Market breadth (2:1 positive) suggests it won't arrive but, then again, it was 2:1 for most of yesterday as well.

  • The opposite of love isn't hate-it's apathy.

  • The bulls continue to whisper that, with so many mutual funds locking up their years at the end of this month, there is an upside agenda. Hey, seeing both sides works both ways!

  • Television's JeffMacke® and I have an old school belly-up tonight. Seeing old friends, as Bob Seger likes to sing, is good for the soul.

  • Remember when we said that the US effectively ceded policy control when they cut rates? That is quietly unfolding although, sometimes you gotta sniff outside of the mainstream media to see it.

  • Build it and they will come! Following last year's resounding CCA success, Minyans are filing in for this year's Festivus. I know alotta Minyans who plan on coming but have yet to register. Please consider this your friendly Minyanville reminder that seats are still available!

  • S&P 1555ish---the original acne---is the nearest term technical toggle to keep an eye on. The bulls are using it as a bovine backstop while the bears will press if it begins to stress.

  • Woof! See (BIDU) bark and bite. I think the defense of $300 was and is intuitive as it's a big psychological level.

  • We sick an' tired of-a your ism-skism...

  • Keep in mind that next week's expiration is gonna jack volatility, most likely midweek. I don't play the whole "expiration is to buy/sell" thang (too many gamers) but I'm a big believer that movement will be exacerbated.

  • My grandfather worked for your grandfather. But of course, the rates have gone up.

  • We're working on some major initiatives at MVHQ which, as you'll see over the next few weeks, are massive for the Minyan adventure. I'm particularly excited for MV Kids as it'll cement our vertical strategy and teach kids how to earn, spend, save and give. It's very Minyan and it's very cool!

  • Have a great weekend and I'll see YOU on Monday!


< Previous
  • 1
Next >
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

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