ATF at the bellhousing???

Guys, just dove under the truck to verify why in hell I still have an exhaust leak, and sure enough I found that I broke a stud again.
 
Anyways,my reason for writting now, is that I found what I think is ATF at the bellhousing, where oil usually gather. Is it possible that oil would leak out of the transmission at the front, inside where the tranny meets the engine and  leak down to end up at the bellhousing???
 
I still have to confirm if it is ATF, but it sure has the same consistance and its red. I know coolant is red, but its thicker than that.

Sounds like your input shaft seal for the tranny is leaking. Power scrub the bottom, verify it's ATF, and if it's coming from around the front of the bell housing, most likely an input shaft seal.

Also be sure your trans coolant lines are not leaking and your trans pan is well sealed. ATF has a distinct odor. Get some on your finger and take a whif. Sometimes oil can appear a reddish hue.

MMMMM, wonder if it could just be left over oil from my ATF oil change last week-end ?!?! I remember check it when cold, and it came flying out for a second. Sure hope I'm right, cause the lines are fine, and the pan is well sealed all around with no evidence of leakage.