There's something about discipline that warms my milk!
I'm placing an S&P 886 stop on this morning's appendage add. Why? Out of respect for the breadth (2:1 positive) and the (slight) turn in the dollar. S&P 885 is a triple bottom break from yesterday and should provide resistance.
I still want to (and will) keep my May paper puts (financials) and, as such, will only stop out one appendage (if and when). Just keepin' ya up, my fellow Minyans, and hoping that ya'll are having a fine day.
Fare ye wll.
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 firstname.lastname@example.org.
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