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.

Planter's Punch


By the time you post, Toddo, the tapes already jumped!


I wanna feed the babies
Who can't get enough to eat
I wanna shoe the children
New shoes on their feet

(Steve Miller)

Holy Guacamole! This is, without a doubt, the trippiest trading environment I've ever seen--and I've seen a few tapes! The initial rally off the lows (through S&P 810) planted the seed and once that happened, the psychological sea change (however brief) began. What am I doing? Aside from exhaling, I'm making some decisions.

Wow--I'm writing this and the futes are up 4, no...up, flat, no...up 3...Jeez Louise, this is N-V-T-S nuts! The internals are doing their best to confirm (it's a battle), the banks are starting to garner some jig (watch Citigroup), Vols just got sucked out of the tape (shocker) and I've now got streams of sweat sliding down my trunk. My mom was right--I shoulda been a vet!

As a function of discipline, and because I strive to make this column an extension of my thought process, I'm gonna (humbly) slip that leg out of my metaphorical bull costume into the close (near the highs?). This will leave one appendage (25% conviction on the long side) and it's likely more consistent with my current view.

Am I early out the door? Yeah, I think so...but I've always been early on undressing from the bull camp as a function of my big picture beliefs. My indicators are still coiled and I'm with Snoop on a likely test of the upper end of the band camp. Still, Trades are made to be taken and I'd be lying if I said I wasn't feeling it earlier in the depths of my gut. Is today's reversal bullish? Yup. How long will it last? One step at a time, friend.

I've got a meeting with an investor on the close so this will likely be my last post of the day. I wonder if he's gonna mind the schvitz stains that are sprinklin' my shirt? No is what it is and I am who I am. No matter what happens, Coleman, nobody can take that away from you.

We've got DELL tonight and Franz tomorrow so factor that into your decision making process as you craft your overnight risk profile. Whatever you decide, make sure your comfy enough such that you can spend your time focused on the important stuff. At the end of the day, that's all that really matters.

Have a peaceful night.

< Previous
  • 1
Next >
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.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

Featured Videos