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Fur Burgler

By

I'm gonna git you sucka!

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That little pop higher this morning had that "panicky" feel to me and my antennas are stretched high. While I see the breakouts (NDX 1265, BBH 132ish, XBD 560) and the loomers (BKX 895ish, S&P 1015) I've laid some shorts out with tight stops.

One leg in the bear costume with today's high as a stop out.

position in qqq

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.

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