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Random Thoughts


That was the "easier" bounce. Now I've REALLY got my work cut out for me!


  • Keep an eye on the gaps created by today's lower opening.

  • That was an incredibly cheap shot by Oklahoma's Jozsef Zendrei on Carmello Anthony during the later stages of yesterday's game. And no call!

  • The breadth, the dollar and crude continue to weigh on equities.

  • Please don't confuse my earlier post with a more constructive "posture." I am simply "trading" a difficult tape and wanted to communicate what I was doing. If I planned to stick around on the long side, I'd dust off the bull costume. That's not to say Hoofy isn't the right critter -- it just means that I'm not heavily betting that way (or any way, for that matter).

  • I saw 8 Mile this weekend. Word up, dog!

  • The most important element of a trading strategy is identifying your time frame. For instance, I am rootin' tootin' bearish for a big picture (cycle) thesis but I'll occasionally try long side trades for a schnitzel.

  • So you know -- and in the interest of full disclosure -- I pieced out of the majority of those "tight tries" into this small (unimpressive) bounce. I'll continue to communicate these with you but, again, I must stress that NONE of these thoughts are intended as advice. I'm simply sharing my style with hopes it adds to yours.

  • I learned, first hand, the virtues of a honeydew marriage this weekend while visiting my brother. "Honey, do this... honey, do that..."

  • Do I still have that "nasty feeling" about the market? Yes. But that doesn't mean I'm pressing the short side. I'm looking for individual situations, scalping some marginal performance where I can and erring to the side of caution.

  • Expect the bulls and bears to step up for the Battle of S&P 850.

  • March Madness Maryland Minyanfest was a LOT of fun. Thank you to all the Maryland Minyans for schlepping through the rain to dive into those wings!

  • Have I booted Boo too soon? Probably. But I remember with great clarity how I felt on March expiration (six sessions ago) when the S&P closed at 896 and I was sweating in the fur. Fifty handles and 25,000 hair follicles later, I'm taking a fresh look and a deep breath. I'm not taking a victory lap. I've never done that and never will. I'm just remembering and balancing as we find our way.

  • Congrats to Neil Glassman on his move to Wachovia... all of your new clients will LOVE their Minyanville fleeces!

  • I introduced my five-year-old niece, Maia, to the CRAW! this weekend. I'm not sure if she'll ever be the same!

  • Can't decide if you're really bullish or really bearish? Don't trade.

  • 3-1-3, flunk the free world, 3-1-3, flunk the free world.

  • MO credit spreads are jumpin'. MO better blues?

  • Was March 21 the blow off top?

  • Triple bottoms don't traditionally hold and I don't expect the S&P triple bottom to hold either. When? If I could tell you that, cookie, I surely would.

  • The economic data continues to filter out all week and while the bulls have a "free pass" due to the war, I think it's important to monitor the aggregate state of the union. Thus far, it's not the most impressive of showings by Elmer & Co.

  • The breadth has improved to 2:1 negative.

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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.

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