Where's the love?
Sorry for the short blurb but I wanted to draw your attention to the S&P 875 support zone (area of congestion last week). It's also the top end of a gap that works to 860 (if and when). Please put it on your trading radar as we find our way today.
The Minx hangs tough despite some bad breadth and saggy SOX -- I'm unsure if it's a sign of dryness or a prelude to a miss. Either way, I've trimmed some exposure (discipline) as we had a good fade yesterday morning. If I'm gonna preach baby steps, I must practice them.
Removing an appendage from the bear costume, leaves one leg (25% conviction on the short side).
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 email@example.com.
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