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A Pretty Petty


Terrapin Station, Baby!


Gonna stand my ground, won't be turned around
And I'll keep this world from draggin' me down
Gonna stand my ground and I won't back down

(Tom Petty)

I'll tell ya, that Hoofy is one stubborn bull as he continues to defend these levels. It's worth noting, for all you moving average mavens, that the 50-day M.A in the Dow Jones and SPX are in and around here and I know that some traders are chatting that up. I don't key off them, per se, but you always want to know what other traders are thinking and now, my friends, you do.

I've got more meetings than a Lifestyle convention today and the bell is about to toll for my 1pm conference call. Before I jump into my office, however, I wanted to bring your attention to the financials as they're starting to perk up. In a slow, thin tape such as this, you've got to be extra careful for sparks in a dry forest and the brokers may match up well with that analogy. Before you get too excited, however, let's see how the S&P trades after it fills this morning's gap (around 902).

Remind me to tell Casey that we need to develop some critters that can practice law in Minyanville. I think sharks would be fitting, don't you? (Sorry Len!)

Gotta hop!


position in dia

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.

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