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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).

Be back.

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 todd@minyanville.com.

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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