Random Thoughts: China Rider!
By
Todd Harrison Sep 20, 2012 10:25 am
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:
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.
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
Get The Minyanville
Daily Recap Newsletter
Daily Recap Newsletter
Stay current on financial news,
entertainment, education and
smart market commentary.
entertainment, education and
smart market commentary.