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Random Thoughts


Trading "not to lose" is the quickest way to do just that.

  • Over in Tape Town, we've got some good (SOX statue), some bad (2:1 negative NYSE breadth) and some ugly (homies rallied to the right shoulder and failed).

  • According to Coops DeVille, S&P 1475 has emerged as an important inflection point, along with S&P 1484 (a level he pegged pre-opening on the Buzz).

  • Another Buzz thought from Jeff Cooper? (Yes, these are teasers for all the non-Buzzers in our midst)…

    Stocks of interest: Apple (AAPL) showed the first signs of upside momo in weeks on Monday as it plays Ketchup. If the market has an agenda higher, AAPL may be a good tell as the chart has traced out a big picture cup and handle. Isn't it special that this is being gamed off this pattern right in front of earnings?

  • SOX Statue? Maybe. We've been watching SOX 492ish as the level of lore for chip schticks galore and while Texan (TXN) (+8% and 7% of the index) is jiggy, the index will need to close above that level to secure technical validation.

  • Remember that scene in Dumb & Dumber when Lloyd Christmas, in the shaggin' wagon, asks "Ya wanna hear the most annoying sound you've ever heard?" Well, for my part, the most annoying sound I'VE ever heard is the molasses slow tech migration in front of our upcoming office move. (Yes, I'm venting.)

  • Man, Financial! XBD 248 and BKX 117.25-118 remain VERY important technical levels for the whole shebang. As go the piggies, so goes the poke.

  • Worried? Don't be. With the VXO pre-teen, there are lotsa ways for you to advantageously shape your risk profile.

  • "Keep this on your radar - on May 21 Iran will begin rationing gasoline domestically, and shall raise the price of gasoline to the public by 25%. This will undoubtedly get interesting." Professor Sally Limantour on today's Buzz.

  • There's no crying in baseball and there's no acrimony in the 'Ville, which is why I often bite my tongue (or fingers, as the case may be).

  • Trading "not to lose" is the quickest way to do just that.

  • "We've talked before about the retailers entering a tough time of the year. Target's news today is what "tough time of the year" looks like. Something else to keep on your radar is that April marks the end of 1Q for the retailers; meaning we're getting into Warning Season for the group. What am I doing about it? Staying hunkered down in mainstay Investment positions in the retailers (Safeway (SWY) and Nordies (JWN)), eyeballing my hypothetically horrid timing on my Wal-Mart (WMT) optimism and staying as cool as possible. No matter how many obituaries you read in the coming days and weeks, the consumer isn't "dead." He's just resting until back-to-school." Television's JeffMacke on today's Buzz (Jeff has positions in swy and jwn).

  • When you don't think you have time for a vacation is typically when you need it the most.

  • If your Buzz blinks, are you hitting the F5 button to auto-refresh?

  • On the afternoon docket, I've got a 12:30, 1:30 (out of office), 3:00 (with former SU QB Don McPherson), 4:00, 5:00, 6:00, 7:00 and, yes, a 9:00. Engine room, more steam!

  • Uma? Oprah! Dollar? Rupee!


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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

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