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Answers: What Comes After "The Easy" Trade?


The uptrend from March remains in play.

  • Has societal acrimony finally arrived in the city of critters?

  • Remember that "big picture" S&P trendline from the March lows we recently highlighted?

  • Do you see the exact same set-up in four-letter land?

  • Wasn't the initial Snapper off those levels -- on the first probe after a deep sell-off -- the "easy" trade?

  • Won't bulls buy dips until those lines are violated and won't that work until it doesn't?

  • Do you understand that the fatal flaw of that approach is an overnight gap lower?

  • While watershed deflation would render this thought obsolete, could the energy complex offer an "outside the box" hedge against broader market exposure?

  • Perhaps because the silence from Israel is deafening?

  • Did you read on yesterday's Buzz that I gingerly began to re-initiate some short-side exposure (after covering a slew late last week) in the context of defined risk?

  • Where, you ask, might that "defined risk" be?

  • How about "Mini Me" resistance (the recent lower highs) at NDX 1710ish and S&P 1050ish, for those who wanna keep it nice and tight?

  • Or fresh highs, if you prefer to tether out your risk leash?

  • While price is the ultimate arbiter of variant views, wouldn't Marcel Marceau note that yesterday's volume was 16% slower than the volume over the past month? (thanks Minyan Mike O'Rourke for the wink)

  • Does the bovine relay race require the bullish baton to be deftly passed from the government-sponsored euphoria to corporate America to the consumer?

  • Haven't we attempted that before?

  • And learned there is indeed a difference between debt-induced largesse and legitimate end-demand?

  • While that may not matter yet, isn't the only difference between a mistake and a lesson the ability to learn from it?

  • Do all geese have IBS?

  • Does anyone else see the mother of all face-offs lurking for the S&P as the downtrend line (from 2007) approaches the uptrend line (from March)?

  • Why were Peak Freans so serious?

  • Why is every bone in my body begging me to move out of NYC?

  • And you thought it couldn't get any worse for the Raiders?

  • Are any NYC area Minyans going to the Meadowlands on Sunday to see the New York football Giants take on the admittedly limping silver and black? (if so, click here!)

  • Why did Mother Morgan (MS) suddenly act funky late yesterday afternoon?

  • Should we similarly spy Amazon (AMZN), Research in Motion (RIMM), Microsoft (MSFT) and American Insurance Group (AIG) (other red beans in yesterday's green sea) as we tee up Turnaround Tuesday?

  • Would now be a good time to circle back to that reverse dandruff in Gold?

  • Should it power through this level, will active types use Gold 1035 as near-term risk definition to guard against the dreaded Pop & Drop?

  • Did you see Hoofy and Boo ask the question, "Does crime pay?"

  • The reason for the upside pre-market rhyme is that Australia unexpectedly raised interest rates?

  • Really?

  • As my "five cities in as many days" business trip (starting Monday) lands me in Syracuse University next Friday for a Minyanville Town Hall Chat, would now be a good time to extend an invite to any and all upstate Minyans who have an interest in attending? (Click here for more information.)

  • Is this our mission should we choose to accept it?

  • Do you have mini-Minyans running around and if so, would you be willing to introduce Minyanland-which teaches earning, spending, saving and giving-to an administrator at your children's school? If so, can you please ping MV Family Media GM Laurie Petersen?

  • If you set up a pairs with Warren and Jimmy, which way would you lean?


Position in ndx, s&p

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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