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Random Thoughts


How you shape your risk is dependent on your time horizon and risk profile.

  • Energy has become 11% of the S&P, up from 9% two years ago. I've long believed that this complex will one day reassume top weighting in the S&P, a status currently enjoyed by the financials.

  • While the banks continue to lag (the BKX is basically flat), the brokers (GS, BSC) and beta (RIMM, AAPL, GOOG) are trying to turn the curve. Watch these names as proxies as the expiration hangover subsides.

  • Near-term levels in the S&P? 1540 below, natch, and 1548.50 and 1555 above.

  • Hey Professor Guy Adami- you Fluor me!

  • How you shape your risk is dependent on your time horizon and risk profile. We're happy to share what we're doing in the 'Ville but how you stand is a function of where you sit. I never understood how anyone, on TV or otherwise, can offer specific advice without understanding the unique needs of those in their audience.

  • Keep an eye on those semis. When stocks (sectors) don't participate in jiggy tapes, it typically implies supply. They've had a heckuva run, we know, and they're approaching a big level.

  • Man, it's nosty in Gotham today. Between the midtown volcanos and the noisy, crowded, bitter streets, it makes one wonder why anyone would call this city home.

  • Other than the bombers, of course, who have scored 45 runs in two days. You can almost hear the heartbeats quickening in Beantown...

  • Is that a new belt you're wearing or are you just happy to see me?

  • I sense a deeper downside reflection as I trade around my short-side bias. Still, I've got defined risk (coming up quick) as discipline must always trump conviction.

  • "Very interesting action internally today in point and figure terms. Despite the green on the screen, new point and figure sell signals are leading new buy signals handily, 16 to 5. Even overall sell signals are leading, which is somewhat unusual on an upday, 31 to 18." Professor Pepe Depew on today's Buzz.

  • Of course the global growth story is still in tact. It will be until the tape says otherwise. The only problem with this train of thought is that the market is a leading indicator. That's why, in Minyanville, we try to provide the financial news you need to know before you know you need it.


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.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

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