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 Glossary
 
Accelerated Approval
FDA approval for marketing of a new drug based upon preliminary or surrogate endpoint data. The company must agree to run more complete clinical trials or the drug will be pulled from the market.
Accelerated Review
The FDA must approve or reject an NDA/BLA within six months of its receipt.
Acne
Minyan slang for a technical breakout.
ADV
50-day average volume
Alligators
Minyan slang for asset allocators.
Antigen
A protein, molecule, or gene that is a target for a targeted therapeutic.
Ari Gold And His Friends
Gold stocks and the attendant metals (such as silver).  Makes reference to Ari Gold, super agent from Entourage.
ARMS
Adjustable rate mortgages.
Asset Allocators
Funds that shift their weighting (allocation) between the bond market and the stock market. These "programs" will typically create supply or demand (depending on which way the allocation is) throughout the course of the trading day.
At The Money (ATM)
When an option has an excercise price equal to or near the current price of the underlying asset.
Basing
A technical analysis term, refers to when a stock (or the market in general) trades in a general zone for a period of time, creating a "base" that acts as support for a move higher.
Beans
Minyanspeak for millions
Bear Costume
A metaphorical  trading posture used to describe Toddo's posture on the short side.  each appendage (two legs, two arms) represents 25% conviction (not exposure) that the market will trade lower.
Bear Raid
When traders/market participants spread negative stories in an attempt to pressure a particular stock.
Bear Trap
A seemingly bearish pattern that sucks in the shorts before rallying hard.
Bearish Engulfing
The low is lower and high is higher than the prior day (and closes lower). The amount of prior days engulfed, the more significant the pattern becomes.
Beeks
Reference to the movie Trading Places; refers to economic data.
Beta
Relationship or correlation between one particular stock and the market. A beta of 1 implies that a stock will move in concert with the movement of the overall market.
Biologic Drug
A drug with a live component like a preventative vaccine, a monoclonal antibody, or a therapeutic vaccine. Almost always administered by injection or IV.
Bip
A basis point. One one-hundredth of one percent of yield. A 40 basis point move in yields for example 2.50% to 2.90%
Biscuit
The French translation of cookie; a term of endearment.
BKX
Philadelphia Stock Exchange/Keefe, Bruyette & Woods Bank Index. A proxy for financials, the most "important' complex in the marketplace.
BLA (Biologics License Application)
Black Swan Event
A rare, previously not observed event
Blockbuster Drug
A drug with over $1 billion in annual sales
Blockbuster Platform
A group of personalized therapies with a common core platform technology whose aggregate sales are over $1 billion
Blow Off
The upside equivalient of a capitulation.
Boo The Bear
The resident bear of Minyanville. See "about us".
Boom Boom
Our friendly nickname for Federal Reserve Chairman Ben Bernanke (as coined by Prof. Succo).
Breadth
Market internals; stocks that are higher vs. stocks that are lower.
Breadth
Number of stocks that are up vs. number of stocks that are down;  an internal indication of the health of the market.
Breakdown
A technical analysis term, when a stock (or market) breaches a predefined level of support. Perceived bearish.
Breakout
A technical analysis term, when a stock (or market) breaches a resistance level. Perceived bullish.
BTK
American Stock Exchange Biotechnology index.
Build On Strength/weakness
(scaling) A method of trading that uses weak (strong) prices to accumulate positions in a stock (or market).
Bull Costume
A metaphorical trading posture used to describe Toddo's posture on the long side. each appendage (two legs, two arms) represents 25% conviction (not exposure) that the market will trade higher.  
Bull Trap
A seemingly bullish pattern that sucks in fresh money and fails miserably.
Bullish Engulfing
The low is lower and high is higher than the prior day (and closes higher).  The amount of prior days engulfed, the more significant the pattern becomes
Bungee
Oversold and ready for a Snapper.
Buy Side
Hedge funds and mutual funds. See: Sell side
Capex
Capital equipment expenditures;  usually referencing the semiconductor sector (in my column)
Capitulation
The absence of hope. A total and complete give up in the marketplace when sellers want to "get out" at any price. From a trading standpoint, very bullish--if you have the ability to take the other side of the trade...which, by definition, you won't.
Carrie
Refers to the carry trade; specifically discussing the impact of an unwinding of  leverage
Cars
Trading vernacular for futures
Cash-led
When the price action of the market driven by the underlying stocks and not the futures; tends to be a truer tell of the underlying "tone" of the market.
Catalyst
The reason for entering a trade. Once the catalyst, or reason you put the trade "on" has passed, the position should be unwound.
Chambo
John Chambers, CEO of Cisco
Churning
Heavy trading of stocks without any price movement.  usually precedes a decline.
Clickies
Internet stocks
Cliff Branch
A reference to the great Raider wide receiver; the lone bullish element that is keeping the tape from falling off a cliff.
CMR
The Morgan Stanley consumer index
Collars
A hedge through the derivative market that involves the simultaneous purchase of a put and sale of a call. 
Come In
When stocks or the market is for sale.
Commitment Of Traders (COT) Report
The Commodity Futures Trading Commission (CFTC) provides inside information about purchases and sales of futures contracts. The largest players in each market are required to disclose their positions to the CFTC on a daily basis and this report is released weekly on Friday at 3:30 p.m. est. (the reporting requirement varies by commodity). These traders are separated into Commercial Hedgers and Large Speculators.

The positions of Small Traders are calculated by subtracting the total of contracts held by the reporting groups from all the contracts outstanding (Small traders are not required to report their positions).

Commercial Hedgers hold a significant informational edge over other traders as far as fundamental supply-and-demand statistics are concerned. They tend to be early, but they are usually right on the long run, quite contrary to the small traders. Extreme divergences in long and short positions of small traders, large speculators and commercial hedgers have proven to be reliable indicators of important trend changes.
Commodity
A commodity is a investment vehicle that could be either an agricultural product, mineral, or other tangible asset that is traded on a commodities exchange, spot market on a cash or futures basis.
Contra-hour
The notion that the price action, or direction, of the market from 2 p.m. ET to 3 p.m. ET will reverse itself in the last hour of trading. It's a freaky, nonsensical, goofy thing that has no legitimate reasoning but often occurs.
Cookie
Term of endearment.
CRB Index
Commodity Research Bureau
Crowded
When a lot of traders are playing the short side; often times leads to a squeeze.
Cup & Handle
A chart pattern in which the first 2/3rd of the pattern makes a rounded base and the last 1/3rd makes another, yet smaller, rounded base
Cusp
An inflection point (in the market) where the trend changes.
CYC
The Morgan Stanley cyclical index
Daisy The Cow
A Minyanville mainstay. See "about us."
Dancing Between The Elephants
Trying to game the upside while potential negatives loom.
Dandruff Alert
Potential formation of a head and shoulders (negative) technical formation
DAV
Day average volume
Dean Wormer Support
Double (secret) support
Defined Risk Play
Limited loss potential on a trade. Typically a function of trading with stop orders or being long options.
Deflation
A persistent decrease in the level of consumer prices or a persistent increase in the purchasing power of money because of a reduction in available currency and credit     
Source: The American Heritage® Dictionary of the English Language, Fourth Edition
Delta
The change of an option relative to a unit (dollar) move of the underlying security. For instance, if an option has a 0.25 delta, you would expect that option to move 25 cents per unit move of the underlying security.
Demark Indicators
A detailed technical analysis charting system used to help forecast potential price action by identifying trend lines, support and resistance levels, and reversals.
Derivatives
Contributor John Succo has written an excellent six-part series on derivatives. Click on the following to read the series: Part one, Introduction to Derivatives; part two, Getting Graphic With Options; part three, Options Pricing; part four, Supply and Demand of Options; part five, Futures, the Easy Derivative and part six, Structures.
DIA
Nicknamed the Dow Diamonds, this is a unit investment trust designed to track the performance of the Dow Jones Industrial Average. It is traded on the American Stock Exchange as (DIA:Amex).
Directional Play
Attempts to benefit from a movement of the market (up or down).
Disconnects
Egregious price differential.
Dollar Index
The U.S. Dollar Index provides a general indication of the international value of the U.S. Dollar. The index is calculated by averaging a basket of exchange rates from 6 major world currencies against the U.S. dollar.
Dollar Kind Puts
Puts that cost $1.
Dollar Yen
The amount of Japanese Yen needed to purchase 1 U.S. dollar.
Dorothy
Aka margharita mama; toddo's grandmother and beloved wife of Ruby.
Double Top
A technical formation where two rallies stop at the same level.
Drek(ky)
Having a negative or ugly tone.
DRG
American Stock Exchange Pharmaceutical index.
Dry
Describes the relative traction or resilience of a stock or sector in the face of a declining market. For instance, if a big cap technology stock is holding firm while the NDX futures are for sale, you might say that stock feels dry. It is also possible for the overall market to feel dry.
Dry Powder
Having sideline cash available to trade with.
Dubya
President George W. Bush
Ducks Lining Up
Having reasons for a thesis come together.  Each "input" is a duck...when your ducks "line up," it simply means that you've got numerous inputs that support a thesis.
Duke & Duke's
The brokers
DummyTerm
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Earl
Slang for oil
Easy Money
A technical position that has relative low risk and high return potential
Edge
As in "trading with an edge"; implies waiting for a time when you have an advantage in the risk/reward profile of a trade; rationale for entering a position.
EFSF
European Financial Stability Facility - a bailout mechanism created by the EU
Elliot Wave
Analysis measuring investor psychology in a distinct 5 wave pattern in an effort to identify possible market lows and highs suitable for buying or selling
Elmer
Former Federal Reserve Chairman Alan Greenspan. No disrespect intended.
End-of-day Programs
Program trades that exacerbate a particular day's overall direction.
Endpoints
What a company is trying to prove in a clinical trial
Equity Put / Call Ratio
The total equity volume of puts divided by the total volume of calls traded on the CBOE
ESM
European Stability Mechanism - a permanent bailout vehicle, similar to the EFSF
F-troop
Mortgage companies Fannie Mae (FNM:NYSE) and Freddie Mac (FRE:NYSE).
Fade (fading)
A trading style that takes the other side of the predominant direction of the tape (buying into weakness; selling into strength). If the market is looking higher on the opening, a fade would imply a sale of stocks. Conversely, if the tape is looking lower on the opening, a fade would imply buying.
Fakakta
Yiddish for crazy, all mixed up.
Fast Track
An FDA designation allowing a company to file an NDA or BLA in sections instead of all at one. This is designed to shorten the FDA’s response time. Drug receiving fast track designations often receive accelerated review, but not always.
Fibonacci Analysis
Based on the work of 13th century Italian mathematician Leonardo de Pisa; forms the mathematical basis for Elliott Wave theory
Filling The Gap
The tendency of the market to eventually retrace the area that occurs after a "gap" in the market.  in other words, say the S&P gaps lower.  the tape will typically "fill" that gap (to the upside) before continuing lower.
Fish
Aka Kevin Wassong, President of Minyanville Publishing & Multimedia
Flagged
Noted
Flat Base
Pattern that has prices trading sideways within a relative small range for an extended period of time
Flies In The Ointment
Things that could go wrong.
Floor & Ceilings
A way to describe a retest of a prior support or resistance level
Flow's Diner
Refers to the trading flow in the marketplace
Flows
What I'm "seeing" on the Street. I talk with every major trading desk, so the "flows" relate to the buy and sell interest that's communicated to me by my sales coverage.
Fluxy
Without direction
Four Primary Metrics
Fundamentals, Technicals, Psychology, Structurals
Four Sisters
Tuttle Asset Management term in reference to the major indices including INDU, SPX, NDX, and RTY
Fugly
Nasty price action
Fundies
The fundamentals of a stock or of the market.
Futes
Futures
Futures Contract
A futures contract is an agreement, executed on the floor of a commodity exchange, that allows an investor to sell or buy a specific amount of a commodity or security at a specific price and time.
G-Spot
The "1000" level.  ie- S&P 1000 or BKX 1000
Gamma
Measures the rate of change of the delta. Having positive gamma (long volatility or "long vol"), your positions would become "longer" as the underlying stock rises and "shorter" as it falls. For that right, you are paying a premium for those options.
Gap Risk
The risk that a stock may open up or down a few (or many) points. It usually occurs when the market is closed or a stock is halted from trading and reopens.
Gekmo
The original  critter; a trading alter-ego
Go Home
Get rid of a position.
Goldilocks
The analogy that the economy isn't too hot and isn't too cold - it's just right.
Gorillas
Minyan slang for institutions (large funds) in the marketplace.
Granular
Focusing on the specific details of a situation.
Green
Up.
Greenie
See Elmer.
Group Hug
Mass squeezage; short squeeze.
GSEs
Government-sponsored enterprises are private companies that were established by the government. The group of GSEs includes the huge lenders Fannie Mae (FNM:NYSE) and Freddie Mac (FRE:NYSE).
Gun To Head
The "gut" feel. If I had to choose a scenario that I feel is most likely to occur.
Handles
Futures points.
Head And Shoulders
A technical pattern where there are symmetrical "shoulders" (lower prices) surrounding the "head" (higher prices).  When the right "shoulder" price breaches the left "shoulder" price level, it's a negative "signal."
Heavy
The same thesis as dry, but in reverse. If that same large-cap technology stock can't rally despite an overall strong tape, it implies sellers in the name, from which you infer that the stock is heavy.
Homies
The home builders (stocks)
Hoofy The Bull
The resident Bull of Minyanville. See "character bios".
Horsemen
Big cap tech leaders
HotSpots
A special case of support, pivot and resistance levels using hourly bars with weekly support, pivot and resistance levels superimposed

See the following tutorial from Hamzei Analytics

In The Money (ITM)
When the current market price of the underlying stock on an option is higher than the strike price of a call option, or lower than the strike price of a put option
Index Put / Call Ratio
The total weekly volume of puts divided by the total weekly volume of calls on a specific index (ex. S&P, NDX, DJIA, Comp, XAU, OEX)
Inflation
A persistent increase in the level of consumer prices or a persistent decline in the purchasing power of money, caused by an increase in available currency and credit beyond the proportion of available goods and services.         Source: The American Heritage Dictionary of the English Language, Fourth Edition
Internals
Breadth, winners vs. losers.
Internals
The health of the market; usually refers to the breadth and upvolume vs. downvolume on any given day.
Inverse Dandruff
Potential formation of a reverse head and shoulders (positive); technical formation
IT
Intermediate-term
Jig
Momentum, upward price action.
Jiggy
When a stock (or when stocks) feel good, or they feel like they want to go higher.
Jinx
Minyanspeak for the Japanese market.
Joel
One of Toddo's close friends; was taken from us when he was hit by a drunk driver. his spirit lives on at www.joelpollack.com . had a bad day in the market? visit Joel for some perspective!
Kaplan-Meier Survival Curve
A common tool of biostatistical analysis that compares a treatment arm and a control arm in a trial via two curves lines. Time is on the y-axis, the percentage of patients alive is on the y-axis. This tool is use to correct for the problem that not all patients enroll at the same time and to correct for incomplete data.
Keppe
 Yiddish for "head"
Ketchup
Catch up plays; stocks not participating to the upside
Kiss Of Death
Refers to a negative technical condition in which the 50 and 200 day moving averages cross, usually seen as a signal of potential weakness
Koan
Psychology and market forces.
Kvetch
Yiddish for complain.
Leadership
Sectors or stocks that are leading the market in a particular direction.
Let It Out
Sell a position.
Limit Down
Futures trade to a limit level where trading is halted in a single direction. When futures go limit down, only trades that would take the price higher are permitted. It allows the market to cool off after periods of high volatility.
Long Squeeze
Performance anxiety; pulling market participants into a rallying tape.
Lord Tush
Toddo's cousin who trades overseas
LT
Long-term
MACD
Moving average convergence/divergence
Macro Hedge Funds
Also known as macros or gorillas.  large multibillion dollar hedge funds that trade all asset classes and global markets.
Meld, Mind-Meld
Meeting
Melt
A widespread degradation of stock prices.
Metric Base
The four legs under the trading table: fundamentals (state of business), technicals (charts and levels), psychology (perception is reality) and structural (financial mechanics).
Minty
Referring to the breadth of the market; the internals are acting well
Minx
Minyanspeak for a saucy market
Minyan
Any loyal member of the Minyanville community.
Mojo
Our trading superstition, or our trading energy. As I believe trading energy to be cyclical (as is everything), sometimes we'll attempt to "shake up our collective mojo" by zigging when we should be zagging.
Momentum Players
Traders who buy stocks as they're rallying and short them when they're selling off.
Momentum Trading
Stocks in motion stay in motion as traders become emboldened by price action.
Mush
To heap praise on somebody and thereby quell any near-term success. The kiss of death.
N's
Stocks that are part of the Nasdaq 100 index. Contrast to S's.
N's Over S's
NDX (tech) outperformance of S&P
Naked
Trading without the bull or bear costume.
Nazzdogs
Stocks that are part of the Nasdaq 100 index.
NBI
NASDAQ Biotechnology Index
NDA (New Drug Application)
What a company files with the FDA when they want a drug approved to be marketed in the US. See also BLA
NDX
The Nasdaq 100 stock index. Distinct from the larger Nasdaq Composite index, this index trades through the NDX futures and is the underlying instrument that the Nasdaq 100 unit trust (QQQ:Amex) is priced off.
Neckline
Support or resistance levels in specific chart patterns
Nuts
High beta stocks
Offsides
When too many traders (hedge funds) are 'caught' leaning the wrong way in the marketplace.
ORR (Objective Response Rate)
The percentage of patients in a cancer clinical trial that had their tumor shrink by a certain significant percentage (usually 50%) or more during the trial. A common endpoint in oncology trials.
OSX
Philadelphia Stock Exchange Oil Service Sector Index.
Out Of The Money (OTM)
When an option's strike price is higher than the current market price of a call option, or lower than the current market price of a put option
Overbought
Extended; tends to be a bearish indicator.
Overnight Risk
Biotech investing is characterized by huge gaps in stock price due to news. These news items are generally released outside of trading hours. This term refers to risk represented by the differential between the prior close and where an investor might first be able to trade a stock. This refers to both upside and downside risk exposure from a position as well as opportunity cost of not being in a position.
Oversold
Down a lot in a relatively short timeframe, tends to be a bullish indicator.
P-value
The statistical threshold a trial must meet in order to be termed a success. In most trials, p(less than or equal to) 0.05 is the threshold. In layman’s terms, that means there is a 95% chance the results of the trial were not due to random chance.
Pairs Trade
Buying the stock of one company while selling the stock of another company in the same industry; dollar neutral.
Pare
Reduce the size of the position.
PDUFA Date
The date upon which the FDA is mandated by statute to respond to a company who has submitted a drug for marketing approval.
Pepe
Refers to Minyanville Managing Editor, Kevin "Pepe" Depew, formerly an analyst at Dorsey Wright and Associates (as well as former professional thoroughbred handicapper)
Performance Anxiety
Anxiety that the market will rally without you; the fear of missing.
Perma-Bear
A trader or investor that is constantly looking for what can go wrong.
PFS (Progression-free Survival)
The time measured from when a patient enrolls in a trial until they die or their disease progresses, whichever comes first. A common endpoint in clinical trials.
Phase I
A first-stage clinical trial where the goal is to determine whether the drug is safe in humans.
Phase II
A middle-stage clinical trial where the normal goal is to find the proper dose for a drug or to discover other characteristics of the drug in the intended patient population.
Phase III
The last pre-approval clinical trial whose sole purpose is to determine the efficacy of a drug in its target patient population.
Piggies
Slang for piggy banks; the banking sector
Pin
A process that usually occurs around expiration whereby arbitrageurs cause stocks to gravitate toward strike prices that have a large open interest (relative to the average daily volume). The synthetic pressure for a stock to close at a strike price on expiration.
Pink
Slightly red; lower.
Pivotal Trial
A company will call a clinical trial “pivotal” when it is the last one they expect to conduct before filing for regulatory approval.
Play(ing) Catalysts
Trading with a perceived edge.
Pop And Drop
A false breakout
Positive Gamma
An option position that causes your position to become longer if the market goes higher, and shorter if the market goes lower.
PPH
American Stock Exchange Pharmaceutical HOLDRs (PPH:Amex)
Pressing
Add to position as it goes higher (if long) or lower (if short)
Pretzel Twisting
When the stochastic oscillator is overbought (oversold) and continues to offer a signal overtime.  the longer the stochastics pretzel, the more fierce the eventual move in the other direction. 
Price Action
Movement.
Prints
Large quantity of stock, blocks.
Programs
Baskets of stocks that will be bought or sold over the course of the day in waves.
Punting, Punts
Process of buying cheap out-of-the-money calls or puts around expiration on the chance that there is a large move.
Put Out
Short.
QQQ
Nasdaq 100 Trust, traded on the American Stock Exchange, is designed to track the value of the Nasdaq 100.
Quack Count
The number of ducks (reasons) lining up that support a thesis.
Ramp
A hard, fast rally in the market.
Rate
A way of measuring intraday volume in comparison to the ADV
Ratio
Trading an underlying stock against a call or a put when it's not hedged one up. The resulting delta position becomes longer as the stock rises and shorter as the stock falls (positive gamma).
Reading The Lines
Technical chart reading
Real Buying(selling)
Accumulation(distribution) of stocks by institutions.
Red
Down stocks.
Red Dye Switch
A stock (index) that trades lower on the session; turns red.
Regular Approval
FDA approval with no strings attached
Regular Review
The FDA must approve or reject an NDA/BLA within ten months of its receipt.
Renting Exposure
To buy (or sell) a trading position intraday with the hope of securing incremental performance. Renting infers "going home," or flattening the position by the end of the day.
Resistance
A technical term. An inflection point that may impede a stock's upward momentum. Past support, when broken, becomes future resistance.
Reverse Dandruff
A reverse head & shoulders pattern (bullish formation).
RH
Relative high
Right Hand Up
A Rubyism taken from my grandfather's golden glove days.  means: protect yourself.
Ripcord Support
The mainstay technical support.
Rippage
Vicious upside action; a strong rally
RL
Relative low
Road Signs
Technical indicators
Roll
The simultaneous purchase and sale of different options.
Rolling Stops Up/down
An extension of the strategy for stops. Rolling a stop is adjusting it to a higher price if the stock is moving your way. For instance, if you buy a stock at $50 and set a $48 stop, you would place a market sale order when the stock ticks at $48. If you bought that stock at $50 and it rallied to $54, you could roll your stop up to $53, which would lock in your profit and define your risk. Conversely, if you're trading from the short side and a stock trades down, you can lower your buy stop (roll it down) to lock in your profit that way.
Rotation
When money flows from one sector to another sector.
Rotation Station
Sector rotation.
Ruby
Todd's grandfather.  was his best friend, sage and spirit.  passed away in April 2001. His initials appear at the bottom of  the trading journal.
S's
Stocks that are part of the S&P 500 index. When we say it's an "S's over N's type of tape," we're implying the relative outperformance of the S&P over the NDX.
S's Over N's
S&P outperformance of NDX
Salty
As in "salt in the wounds." Unnecessary gloating as others are getting hurt in the marketplace.
Sammy The Sidewinder Snake
The resident sage of Minyanville. See "about us".
Scale(s)
Buying or selling partial positions at different levels, enabling participation if the tape improves or lower average prices if it goes down.
Schnitzeling
Or, to schnitzel. A nonsensical term we've used to describe trading a little stock around. A schnitzel could be a small trade, or it could imply taking some of a trade off for a profit. "We schnitzeled in some XYZ" simply means that we took some for a trade.
Schvitz(ing)
Yiddish for sweating.
Scotto
Toddo's trading crony
Sell Side
The brokerage house analyst community.
Semis
Semiconductor stocks, see also SOX.
Shakeout Formation Pattern
A technical term; occurs when a stock fails at a previous top, falls to break a previous bottom and reverses up a few points and hopefully completes the breakout above the previous tops.
SHO List
The Regulation SHO Threshold Securities list. Comprised of stocks with "naked" short sales where a failure to properly secure a borrow has been in place for at least 5 consecutive days. Appearance of a stock on the SHO list for 13 consecutive days forces the naked short position to be closed.

NASDAQ SHO Threshold Securities List
NYSE SHO Threshold Securities List

AMEX SHO Threshold Securities List

Short Base
The level of short interest in a stock.
Short Covering
When a short sale is bought back in the marketplace creating an additional bid in the marketplace. Considered negative for the bigger supply/demand thesis as this "support" will be alleviated once done.
Short Squeeze
A situation in which a stock has a tremendous short base and any slight upward movement causes massive buying (short covering); causes a short-term uptrend in market.
Shruggy
Tapes or stocks that ignore bad news and squeeze higher
Size
Large quantities of merchandise.
Slaino
Toddo's trading mentor
Slippage
Selling off, falling.
Slippage
When a stock (or index) is for sale.
Sloe Gin Fizz
A quiet market.
Small Molecule Drug
A drug made up of inert chemicals. Some improperly use this term as a synonym for an oral drug. Many small molecule drugs are given by injection or IV.
Snapper
The Minyanville turtle; an metaphorical reference to a hard, sharp rally.
Snapper The Turtle
The resident turtle of Minyanville. See "character bios". A quick rise in the market (snapback rally).
Snaps
Praise.
SOX
Philadelphia Stock Exchange Semiconductor Index.
SPA (Special Protocol Assessment)
The FDA and a company agree on all aspects of the design and analysis of a clinical trial before it begins. With an SPA, the FDA makes the tacit agreement that if the trial is run exactly as designated in the SPA and the results are positive, the FDA will approve the drug.
Spoos, Spooz
S&P 500 futures.
Spot
A product or market in which either the commodity transaction will be delivered and settled in cash immediately or in which a futures contract will expire in one month or less.
SPR
Support, Pivot and Resistance levels

See the following tutorial from Hamzei Analytics

Spring
(Change in trend) In a sustained downtrend, for moves of the same magnitude, if the market makes a new low and then returns into congestion, the market has probably formed a Change in Trend Pattern.
SPX
S&P 500 index.
SPY
Standard & Poor's Depository Receipts, often referred to as SPDRs. An Exchange Traded Fund, the SPY is designed to track the value of the S&P 500.
ST
Short-term
Stagflation
Sluggish economic growth coupled with a high rate of inflation and unemployment. Source: The American Heritage Dictionary of the English Language, Fourth Edition
Stick And Move
A trading style of taking small trades.
Stochastic
One type of calculation for momentum that only deals with price action (not volume)
Stochastic Divergence
When the ST stochastic crosses the LT stochastic, for a second time, at a higher level as the prices are at lower level (or vice-versa)
Stochastics
An oscillator that measures price action in stocks or indices. When the stochastics "cross" at the bottom, it generally leads to a nice rally. When they cross at the top, it usually portends lower prices. Usually a decent indicator of the future direction of a stock or market, but sometimes unreliable on the timing.
Stock Replacement
An option strategy where you replace an underlying stock with a call option
Stop Levels
Levels at which you liquidate (or cover) a position if that position drops below or rises above a predetermined price.
Stops
A trading approach that defines risk if your bet goes against you. If you buy a stock at $50 and set a $48 stop, you would place a "market sale" order when the stock ticks at $48. In the recent environment, I've found this to be a consistently disciplined approach to trading. See rolling stops up/down.
Straddle
A transaction consisting of a put option and a call option on the same underlying security with the same strike price and maturity date, or at different strike prices and the same maturity date. For futures, a straddle is a combination of long and short contracts on the same security, but with different delivery months.
Strangle
The combination of a call option with a strike price above the current price of the underlying security and a put option with the same expiration date and a strike price below the current market price on the same underlying security. Long strangles indicate buying puts and calls with the same expiration dates but different strike levels. Greater volatility is required to put a position in-the-money. Short strangles require less volatility and are taken when the market is relatively calm.
Strike Price
The price at which you have the right to buy (in the case of a call) or sell (in the case of a put) a particular stock on or by expiration.
Stuffed
When supply overwhelms a rally attempt.
Support
A technical analysis tool, it's a price point (or area) that should produce an underlying support for a stock (or market). If breached, deemed negative.
Sweeping
The process of removing the remnants of negativity from past trades so you can focus on new opportunities.
Tape
The market, or the stocks in the market.
Tea Leaves
Daily "tells" - indicators that help navigate the twisty turns of the marketplace.
Techie
Market technician
Technical Inflection Point
A resistance or support level; usually at this point, the stock (or index) is actionable, either breaking out or failing.
Teletubbie
Financial talking heads seen on television
Tells
Stocks or indices that provide microcosms of the overall tenor of the market. Many times they are catalyst-driven, while other times they're just what I consider a proxy for signs of direction. There are no distinct criteria for choosing a tell, just a trader's instinct.
Terrapin Station
Destination of Snapper and his friends (higher) after a snapback rally
The Mother Chip
Intel (INTC:NASD)
Therapeutic Index
The theoretical ratio between a numerator of drug effect and a denominator of drug side effects. Higher therapeutic indexes are better.
Theta
Time decay of option premium.
Thippy
Thin and whippy
Three Sisters
Sland referring to the INDU, SPX and the COMP
Thumper
Snapper's cousin, she is a beaver who is typically associated with sharp market drops. She is also Boo's main squeeze.
Tight Stop
Using smaller intervals when defining the loss limit on a position.
Trading Around A Core Position
Actively manicuring your risk profile while maintaining a point of view or thesis.
Trading In-between
Using smaller size or increments.  usually a good idea in a thin/whippy tape or if you've seemingly lost your mojo.
Trannies
Refers to the Dow Jones Transportation Average (TRAN)
Trapdoor
A downside air pocket in the marketplace.
Trin
A calculation based on the number of listed stocks on the New York Stock Exchange (NYSE) that are advancing versus the number that are declining for divided by the total volume of advancing shares versus the total of declining shares. * A rising index indicates a weak market whereas a falling index shows strength.
TTP (Time To Progression)
The time measured from when a patient enrolls in a trial until their disease progresses. A common endpoint in clinical trials.
Two Headed Monster
Tuttle Asset Management term for a head and shoulders top chart pattern with 2 heads
Uber
Very, above all else
Underneaths
Out-of-the-money puts that make it possible to speculate on the direction the stock will move without putting too much cash on the line.
Upthrust
(Change in trend) In a sustained uptrend, for moves of the same magnitude, if the market makes a new high and then returns into congestion, the market has probably formed a Change in Trend Pattern.
Upvolume/downvolume
An internal measure of the market.  the volume of stocks that are up on the day vs. the volume of stocks that are down on the day.
Vega
The change in an options price for a 1% change in volatility
VIX
Chicago Board Options Exchange Volatility Index. A measure of fear in the marketplace. A high VIX is considered bullish by contrarians.
Vix
The Chicago Board Options Exchange SPX Volatility Index reflects a market estimate of future Volatility. It is calculated by taking a weighted average of the implied volatilities for a wide range of strikes prices.
Vol
Slang for 'volatility'; refers to either the implied volatility of an option (derivative) contract or the option itself.
Volatility Play
Attempts to benefit from stock price movement in either direction; used when the trader is unsure of the direction in a stock but anticipates movement.
Wasabi
A very spicy, bright green horseradish paste used as a condiment in Japanese cuisine, particularly sushi. But used in Minyanville as a way to say "What's up?".
Whippy And Trippy
Also known as "choppy and sloppy," this describes a tape that is volatile and illiquid.
White Light
Positive energy
Whoosh
A fast, hard move in the market, up or down; see capitulation.
WTI Crude
West Texas Intermediate (WTI) crude oil, the U.S. benchmark grade, is one of the most actively traded domestic crudes and is the primary deliverable grade under the New York Mercantile Exchange, Inc., light, sweet crude oil futures contract.
XBD
The American Stock Exchange Broker/Dealer Index (XBD:Amex), is designed to measure the performance of highly capitalized companies in the U.S. securities broker/dealer industry.
Yellow Flags
Offsides in the trading community; too many traders leaning one way in the market.
Zagger
Taking the otherside of the prevalent flow.  selling into buyers and buying into sellers.