Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Random Thoughts

By

Knowing when to rely on those sorta nuances is the art to the science of trading.

PrintPRINT
  • Is it a coincidence that Mercury Retrograde will abate just as Succo and I square off in Vail? I think not...

  • Minyan Emm, What have we learned from these latest events? Simple....NO RULES!

  • As traders squared and pared their leftover option overage, a slew of this morning's dew was likely a function of residual July option exposure. Still, pure trader eyes are thus far supportive off this green giggle. Market internals find four winners for each loser, the financials (BKX and XBD) are holding their bid, heck--even the semis are up 1.6%, proof positive that even a broken clock is right twice a day.

  • Concerns? Well, S&P 1260 is a stone's throw away, and that's an area of technical contention for those who follow such a thing. Additionally, the dollar continues to hold its bid which, as we know, has been a headwind in the "dollar devaluation vs. asset class deflation" discussion. And, while rotation station is in full force, my sense is that commodities and equities will reconcile their disparate ways in short order. In that regard, CRB 330-335 is something we should all keep tabs on.

  • As the XAU challenged--and thus far held--its 200-day moving average, Professor McGuirk must be gearing up for MIM3!

  • DRG 335-340 is a zone that has contained big pharma since the Spring of 2004. Keep an eye on those puppies as money continues to rotate to safety and the promises they hold. (Thanks for the eyes Bennet.)

  • With swings like this, they should be volatility traders!

  • I finally saw Munich on pay-per-view this weekend and I"m glad I waited. The recent conflict in the Middle East provides a relative context for the film.

  • We've long opined that that the disconnect between perception and reality would manifest via higher volatility. That continues to be the case and, for those funds mired in compression (increasing the size of their bets and to make up for smaller aggregate movements), they're learning a valuable real-time lesson. How do you assimilate this into your trading approach? Smaller size, for one, and wider "scales" (for deux).

  • They fought the Law and the Law won.

  • "Is this the end for our bearish friend? NDX and RUT our outperformers in the early going, and as our barometers for risk that suggests the initial green on the screen is driven by an appetite for risk. But what about underneath? Through the bottom of the hour new PnF sell signals were actually leading new buy signals 7 to 3." Pepe Depew on today's Buzz.

  • Consistent with my opening vibes, I've dusted off some buy tickets in the metal space as we edge towards CRB 330-335. Nothing crazy, just staying true to my course and consistent with my voice.

  • Typically, following a series of supply driven sessions, we would expect a probe (lower) early in the day. Given expiration and the geopolitical posturing, we didn't get it this morning. Knowing when to rely on those sorta nuances is the art to the science of trading.

  • Note Google as it gurgles eight points lower. It "feels" like the insider window (for sales) has opened anew.

  • Hey, there's nothing wrong with a little pizza on our time!


  • R.P.
< Previous
  • 1
Next >
Position in metal equities, financials

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.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE