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Random Thoughts


The day wouldn't be complete without an upside kiss!


  • Since the March low, 80% of the days had a TICK reading of +1000 while there were NO days that registered a reading of -1000.

  • A dealer bought 800 Nazz futures and that spiked the tape. The NDX has now filled the gap from yesterday's opening.

  • It was great to see Chuck Feldman, Jack Skiba, John Succo, Kim Dispigna and the rest of the original Morgan derivative team at JB's fete last night.

  • The breadth continues to impress and that's the most constructive thing on my screen.

  • The BKX might as well be a psychology thermometer.

  • The horsies -- Cisco (CSCO:Nasdaq), Microsoft (MSFT:Nasdaq), Intel (INTC:Nasdaq) and Dell (DELL:Nasdaq) -- are attempting to exert a leadership role.

  • SARS still warrants a place on the trading radar.

  • Daisy doesn't have tan lines despite chatter of a butterscotch thong.

  • How do you shoot the devil in the back. What if you miss?

  • Casey and I have come up with some good thoughts in the past -- but the idea we're kicking around right now that will put all the others to shame.

  • When I meet people now, they ask me where Fokker is. I've created a monster!

  • N's over S's.

  • We should have a University of Minyanville timeline announced.

  • S&P 935 to 940 is the top end of the most recent range.

  • The goal, when trading, is to be in a position to sell strength and buy weakness.

  • Sylvia Wadhwa is starting to grow on me. Not in an Emma way, mind you, but that's not a fair compare.

  • Gold continues to hold firm.

  • The FOMC alludes to deflationary concerns and Treasury Secretary Snow say's it's not a worry. Hey, one of them will be right!

  • I unwound my front-month S&P put spread yesterday near the close. Why? Too much "gun to head" pressure with expiry looming next week. For purposes of education, it was the SPX 930/900 put spread (paid 7ish on Tuesday). I was originally gonna add a "short call kicker" into a rally but called an audible as we tested support (920). That may be a strategy I explore (with June paper) if we get a "blow off" but I'm happy to use "underlings" (with tight stops) in the interim.

  • Mike Musina -- Cy Young?

  • I met a graduate from Duke last night at JB's. Do you have ANY idea how great it felt to say I went to Syracuse and my second favorite team is the Terrapins? Talk about a BLUE devil!

  • Is the VIX in the process of saying goodbye to Jordan and hello to Emmitt?

  • My first job on Wall Street? Salad boy.

  • Will the heavy banks drag down the tape... or will the tape squeeze the banks back above BKX 800?

  • Along those lines, are we seeing a rotation out of the financials into tech?

  • I'm very psyched for Casey's East Coast road trip. We speak every day but spend precious little time together.

  • Critter pics make a welcome addition to any child's room!

  • Can the Kings win without C-Webb?

  • I have no doubt that Ruby watches over me -- and I think he's getting a kick out of being in the Wall Street Journal today (C-5).
position in qqq, intc, spx

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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