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Please remember to put limits on orders given during economic releases.


The opening bell tolls and a new week in Minyanville has sprung from the gate. The initial trade is to the south side, Johnny, as the drab dollar and softer European bourses weigh on stateside equities. The financials in general (and brokers in particular) opened heavy, while biotech, oil service and semicaps trade firm. It's N's over S's, Minyans, but it's also uber-early. Stay sharp.

Heads up on the 10 a.m. economic numbers. Consumer confidence is expected to come in at 84.7, New Home Sales at 985,000 and Existing Home Sales at 5.7 million.

I'm gonna hop so this posts before Beeks paints the tape. I'll be back in a bit with some additional market thoughts.

Good luck!
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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