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.

War Cry!


May peace be with you!


And the battle's just begun
There's many lost but tell me who has won?
The trench is dug within our hearts
And mothers, children, brothers, sisters torn apart


Having a tough day? Didn't make enough money? In a bad mood? At the risk of seeming insensitive (I'm surely not), I'll once again remind you that it could be worse. While traders attempt to discount the war and it's financial ramifications, a lot of families are watching the news and holding their breath. Yes, your P&L matters -- it's why we trade. But it's not why we live.

Some afternoon tax-cut jitters spooked the Minx but, for the most part, she managed to shrug it off and stem yesterday's bleeding. A combination macro influences (dollar, crude), asset alligators (rotating money into equities) and anxious traders (fear of missing) all contributed to the mix and Hoofy will enter Hump Day with the ball.

S&P 860 to S&P 880 has become the "zone within a zone" and it's something to monitor as we look ahead. If the bovine can manage to get their groove on and pierce the lower band of yesterday's opening gap (S&P 880), there's a potential vacuum to Friday's highs (S&P 895). It's surely not a guarantee (what is?) but it's worth a mention as we continue to find our way.

The bulls bounced back today with strong breadth, broad action and the knowledge that quarter end could spur further "performance anxiety." Boo, meanwhile, sensed that the bulls would defend S&P 850-860 and notes the widespread complacency (VIX), global tensions and light volume. Me? You guys know where I stand -- I've got a smattering of cheapie puts, one leg in my bear costume and enough respect NOT to make a huge bet (either way).

In our Minyanville poll (N.B.A MVP), Kevin Garnett took first place with T-Mac and Tim Duncan rounding out the top three. I was somewhat surprised that neither Kobe or Iverson made the list but that just goes to show you how tight this year's race is. Either way, the Minyans have spoken and it's duly noted -- and it's a fine choice at that!

I've got All-Star Minyans Snoop Tone and B-Mac in my office so lemme hop and talk some shop. If you're able, turn off the night vision and turn on your love light -- there's no excuse for wasting valuable time. On that note, I'm gonna hop and spend some time with my's the best trade of the day!

Have a peaceful night.
< Previous
  • 1
Next >
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