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.

Where Care, Bear?




The market acts well...the internals are improving, the stochastics are coiled---it's all good, right? Yes, it's good if your's also good if you're looking to get short! There are many ways to skin a Minx, my friends, and what you do--and how you do it--is a function of your time frame, risk profile and view.

As I watch the gap fillage in the NDX, the SOX trading right up to resistance (280), the S&P edging towards Monday's close (gap) and the shorts scrambling to cover, my inclination is to s-l-o-w-l-y slip into my bear costume. I'm adding one leg goes in right here (S&P 855). Once I have my requisite exposure that serves as an extension of my thought process, I'm gonna count to 100 backwards (by primes) and see where we stand.

Am I going to the well once too often? I can't answer that without the benefit of hindsight--but I will always communicate my honest feel and why I'm feeling it. My gut is that, barring Saddam's exile to Del Boca Vista, we're (unfortunately) going to war--with or without the U.N. Even if we don't, the prospect of such an event will likely quell the near-term upside.

Gotta hop and get this to my fellow Minyans. May peace be with you.

position in the 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