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Trading from Statesboro


Why do I feel like I'm gonna get squeezed today?


Wake up momma, turn your lamp down low
Wake up momma, turn your lamp down low
You got no nerve baby,
To turn Uncle John from your door.

(The Allman Brothers)

And away we go! Another session kicks off in Minyanville and the games have officially begun. Early observations include a slippy dollar, a battle in the financials (watch this!), an important level in NDX 950, signs of dryness in storage, green horsies (CSCO, ORCL, INTC, MSFT) and slightly negative internals.

An early test (lower) was intuitive and, while it doesn't necessarily mean we WILL rally, I feel we have to get the jittery critters out of the way IF we're to lift. Again, with everything going on in the world, the upside is clearly the cute side. Gucci Gucci Goo!

My game plan, as of now, is to patiently wait and watch the next hour or so unfold. If they tag the S&P down to, say, 805-810ish, I'll likely add another leg into my bull costume. If they rally from here? I'm there, albeit .25x worth, and I'll be thankful for that. THE decision for me is one of style. Do I set a stop level or do I scale into appendages and exposure? For me, and because of the defined risk nature of options, I'm leaning towards the latter. A'ight?

I'm watching the BKX and XBD (brokers) intently and I can't stress enough how critical this complex is for the fate of the tape. Good luck, my friends, keep that head up and think positive--succesful trade begins within.

I'll be back.

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position in s&p

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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