Random Thoughts: Staying Ahead of the Curve
The more information you have (on both sides of the ride), the more of edge you've got at staying ahead of the curve.
- It sure looks like they've found there way to the tape as well.
- The Flag Sag? Yep, that pennant in the financials has been blasted by Boo who, along the way, edged the S&P back below the 200-day (and trendline).
- Is this the End of the World as We Know It? I'm not smart enough to know but to recap the current context, we had:
- I opined yesterday that my negative bet was a wee bit larger than I would have liked and, in a perfect world, I would enter the Labor Day Fray a tad lighter than what I was.
- After the two day Red Dye stray, while I continue to "trade around" my S&P puts, I'm much closer to that reality. As a function of the slippage, my delta (exposure) is higher and, as a result, I've pared the size of my position in kind.
- Given the chasm between where the piggies are and where my defined risk was (BKX 111.50), I'm rolling my trailing stop (on my remaining exposure) down to the other side of the S&P 200-day.
- It is, after all, Turnaround Tuesday Ms. Tyler.
- Delta? The airline? The Animal House Fraternity? No silly, the derivative lingo. Get up to speed here.
- More on the State Street Street Meat.
- Sometimes a legacy, or the destruction of such, isn't formed without the benefit of time and perspective.
- Heads up Minyans--FOMC minutes are due to hit the wires at 2:00 EST. I don't know about you but I'm actually interested in what they'll have to say, particularly given the recent Fedability issues.
- Take a look at Professor Bennet's bubble comparison. Now, juxtapose the debt bubble against it. If we're indeed in the early innings, Mon Frere, we're gonna need a bigger boat.
- I can't seem to shake this tune today. And no, I'm not proud of that fact.
- If you missed the birds-eye view of the credit conundrum-or the attendant follow-up discussion -you're operating at a disadvantage.
- Knowledge is king. I think Run-DMC said that. Oh wait-it was Martin Luther King. Either way, the more information you have (on both sides of the ride), the more of edge you've got at staying ahead of the curve.
- Noice feel on Apple yesterday, Coops DeVille. Lest you don't know--and purely as an addendum to his NV and BB content--many traders are hanging with Mr. Cooper's trading service (and loving it). If you wanna give it a try, contact us for more dets. All good things.
- How many bears began to hibernate as the chorus of "don't fight the Fed" made the rounds late last week?
- "This morning the Yen is appreciating relative to the Euro and continues to benefit from news of the ongoing weakening in the housing market. Once again the risk appetite is being questioned and the 160 level in the Yen/Euro cross is formidable resistance and this does not bode well for stock prices or commodity prices." Professor Sally Limantour on this morning's Buzz (8:50 AM).
- Slow summer holiday slither? Yeah, pull this leg and it plays jingle bells!
- Fare ye well, Minyans, and remember that the definition of an investment should never be a trade gone awry.
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 email@example.com.
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