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.

A Bucking Bronco


Please don't squeeze the Charmin!


Do you wanna hear the definition of frustration? Sean Mueller, a fellow Minyan and die hard Bronco fan, has entered the charity auction with a ten even bid. That's right sports fans, daddy's nemesis lobbed a $10,000 pledge to charity for the opportunity to spend a day in Minyanville. How am I supposed to ding the donkey fans when stand-up guys like Sean do nice things like this?

Back to life, back in reality, Franz Blix is painting the tape with some Iraqi chatter and the Minx has found some temporary footing. I've seen a few players in the futures market and, most recently, a couple of macros have come in as buyers. Will they be enough to turn 'em? I hope not--this isn't the type of "bottom" that would convince me that we've turned the corner. Could it happen? Sure...but it's not textbook.

Despite the fact that I've "rolled" much of my risk from the S's to the N's, I continue to key off of the S&P for the time being. NASDAQ 1320 becomes an obvious level of resistance(former support) and if we manage some liftage, it will be interesting to see how the Minx responds. In the meantime, I'm using the S-car-go as a reference point for our metaphorical imagery and toying with notion of giving the fur a bit more jiggle room (to S&P 830). One thing for sure, I do not want to let a good trade slip away. I WILL be's just a question of where.

I've gotta hop...there's lots going on today. As always, I hope this finds you well.
No positions in stocks mentioned.

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