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: China Rider!


The Grateful Dead try to awaken the bears.

Anyway, that's about all I have to say about that. I'm still short tech-down $0.35 on the position as I pound the keyboard on the opening-and I'll update it in real-time on the Buzz (click here for a free two-week trial!)

Random Thoughts:
  • I sense fireworks on the horizon-remember, expiration is tomorrow-the direction of which remains to be seen.
  • I attended the Pee-Wee football draft last night as I assume an assistant coaching position for the first time. Welcome to the burbs, Coach Harrison.
  • I heard on the radio this morning that household medium income has dropped for the fourth year in a row and was reminded of our old adage, "Inflation in things we need; deflation in things we want."
  • Should the tape scrape lower, we'll look at the price action in crude (-8% following the FOMC) and think to ourselves, "Commodity volatility typically precedes equity movement."
  • The financials, led by Goldman Sachs (NYSE:GS) and big beta, led by Google (NASDAQ:GOOG), Apple (NASDAQ:AAPL) and F5 (NASDAQ:FFIV) are leading the tape lower in the early going. Of course, it's not how the market opens, it's how the market closes that matters most.
  • Expiration influences typically manifest in the days prior to the actual expiry (tomorrow). That said, there is all sorts of chatter regarding re-weightings and re-balances on the close tomorrow. I've traded-quick math-roughly 264 expirations in my career and I don't try to game this sorta stuff, I just respect that it's "out there."
  • If your firm would like to sponsor Festivus 2012 and give back to the kids-come on now, it's a write-off!-please let us know. The sponsor banners will appear on every Minyanville article from here to there, as well as registration and signage at the event. Plus, it's a GREAT event that celebrates the journey with our community!
  • Good luck today; one step at a time as we continue to find our way.

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.
Position in QQQ
Featured Videos