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Tying Up a Tricky Two-Week Stretch for Stocks


Signs surround us as we map our forward path.

But alas, I digress; we have a job to do and before I hop over to our real-time Buzz & Banter (click here for a free two-week trial), I'll leave you with these market thoughts:

When the Nasdaq-100 (INDEXNASDAQ:NDX) was up 20% for the year and performance anxiety was gripping fund managers, we wrote that the buyers were higher and the sellers were lower.

That may seem like a cop-out statement-playing both sides against the middle-but anyone who has read Minyanville-and the Buzz & Banter in particular-knows that signs have surrounded us for some time; all we had to do was open our eyes and pay attention.

With the S&P now dancing at its 200-day, and the NDX down 10% from its best levels in September, I will again ask you to see both sides and remind you to follow our daily tells (Apple, Google (NASDAQ:GOOG) and Amazon (NASDAQ:AMZN) as year-end bang-for-the-buck proxies and the financials-JPMorgan (NYSE:JPM), Deutsche Bank (NYSE:DB) and Goldman Sachs (NYSE:GS), which encapsulate our finance-based derivative-laced global economy, along with market internals and the price action in commodities) as we together find our way.

Good luck today, and remember to be kind to others and better to yourself.

Random-But Important-Thought:

The Ruby Peck Foundation for Children's Education-Minyanville's "giving" arm-will hold our seventh annual Festivus on Friday, December 7 (one month from today). We'll take over Hill Country BBQ, feature three terrific rock bands (U2, Journey, Police covers) and host 500 "thought-leaders" from the business community to eat, drink, and dance (western attire is encouraged). There will be TV coverage and so forth; it's a rocking event (check out the video here).

We always donate 100% of the net proceeds to charity; this year, we are raising money for Jr. Achievement of New York, which will be using the funds to help local area children affected by Hurricane Sandy.

Tickets and donations are great-you can register here-but sponsorships really help us make a difference in the education of children impacted by this storm. Please contact me directly if you would like more information; title sponsors will join me on the podium to ring the NYSE closing bell on 12/7 to officially ring in the philanthropic festivities.


Twitter: @todd_harrison

Follow Todd and over 30 professional traders as they share their ideas in real-time with a FREE 14 day trial to Buzz & Banter.
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.

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