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Todd Harrison: Random Thoughts on Bank Stocks, Twitter, and a Whiff of Deflation
Get Todd Harrison's latest talking points on some important market issues.
Todd Harrison    

This article was originally posted on the Buzz & Banter where subscribers can follow over 30 professional traders as they share their ideas in real time. Want access to the Buzz plus unlimited market commentary? Click here to learn more about MVPRO+.

Here are my latest thoughts on the market, in no particular order:

Premature evacuation on my SPY (NYSEARCA:SPY) puts but that's OK; I learned long ago not to complain when you make money on a trade.

It could be worse -- I could still be holding my Deutsche Bank (NYSE:DB) calls (I'm not).

Stocks down, gold down, oil down, dollar firm. If I didn't know better, I would offer that this smells like a whiff of deflation.

BKX (INDEXCME:BKX) 70 should be on your radar; as go the piggies, so goes the poke.

How do you not cover when you catch 35 SPU handles on the downside? Pavlov's Dog would already be long.

High-beta (as a risk proxy) is getting hammered today but heck, you could throw a dart at the tape and say the same thing about anything.

Sometimes the ability not to trade is as important as trading ability. And sometimes you've just gotta close your eyes and sell rallies.

I don't frequent Twitter (NYSE:TWTR) or Facebook (NASDAQ:FB) as much as I used to -- I'm taking a bit of a digital respite -- but I would imagine the infighting on (pick a topic, any topic) is raging good and thick.

S&P (INDEXSP:.INX) 1950 is now resistance, if and when; S&P 1900 remains near-term support.  Stair-stepping is a good way to measure risk.

Yes, I'm still watching GW Pharma (NASDAQ:GWPH) -- $80 is an important technical toggle.


Click to enlarge

As always, I hope this finds you well.

R.P.

Twitter: @todd_harrison

Follow Todd and over 30 professional traders as they share their ideas in real time with a FREE 14 day trial to Buzz & Banter.
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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 todd@minyanville.com.

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.

Todd Harrison: Random Thoughts on Bank Stocks, Twitter, and a Whiff of Deflation
Get Todd Harrison's latest talking points on some important market issues.
Todd Harrison    

This article was originally posted on the Buzz & Banter where subscribers can follow over 30 professional traders as they share their ideas in real time. Want access to the Buzz plus unlimited market commentary? Click here to learn more about MVPRO+.

Here are my latest thoughts on the market, in no particular order:

Premature evacuation on my SPY (NYSEARCA:SPY) puts but that's OK; I learned long ago not to complain when you make money on a trade.

It could be worse -- I could still be holding my Deutsche Bank (NYSE:DB) calls (I'm not).

Stocks down, gold down, oil down, dollar firm. If I didn't know better, I would offer that this smells like a whiff of deflation.

BKX (INDEXCME:BKX) 70 should be on your radar; as go the piggies, so goes the poke.

How do you not cover when you catch 35 SPU handles on the downside? Pavlov's Dog would already be long.

High-beta (as a risk proxy) is getting hammered today but heck, you could throw a dart at the tape and say the same thing about anything.

Sometimes the ability not to trade is as important as trading ability. And sometimes you've just gotta close your eyes and sell rallies.

I don't frequent Twitter (NYSE:TWTR) or Facebook (NASDAQ:FB) as much as I used to -- I'm taking a bit of a digital respite -- but I would imagine the infighting on (pick a topic, any topic) is raging good and thick.

S&P (INDEXSP:.INX) 1950 is now resistance, if and when; S&P 1900 remains near-term support.  Stair-stepping is a good way to measure risk.

Yes, I'm still watching GW Pharma (NASDAQ:GWPH) -- $80 is an important technical toggle.


Click to enlarge

As always, I hope this finds you well.

R.P.

Twitter: @todd_harrison

Follow Todd and over 30 professional traders as they share their ideas in real time with a FREE 14 day trial to Buzz & Banter.
< Previous
  • 1
Next >
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 todd@minyanville.com.

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.

More From Todd Harrison
Todd Harrison: Random Thoughts on Bank Stocks, Twitter, and a Whiff of Deflation
Get Todd Harrison's latest talking points on some important market issues.
Todd Harrison    

This article was originally posted on the Buzz & Banter where subscribers can follow over 30 professional traders as they share their ideas in real time. Want access to the Buzz plus unlimited market commentary? Click here to learn more about MVPRO+.

Here are my latest thoughts on the market, in no particular order:

Premature evacuation on my SPY (NYSEARCA:SPY) puts but that's OK; I learned long ago not to complain when you make money on a trade.

It could be worse -- I could still be holding my Deutsche Bank (NYSE:DB) calls (I'm not).

Stocks down, gold down, oil down, dollar firm. If I didn't know better, I would offer that this smells like a whiff of deflation.

BKX (INDEXCME:BKX) 70 should be on your radar; as go the piggies, so goes the poke.

How do you not cover when you catch 35 SPU handles on the downside? Pavlov's Dog would already be long.

High-beta (as a risk proxy) is getting hammered today but heck, you could throw a dart at the tape and say the same thing about anything.

Sometimes the ability not to trade is as important as trading ability. And sometimes you've just gotta close your eyes and sell rallies.

I don't frequent Twitter (NYSE:TWTR) or Facebook (NASDAQ:FB) as much as I used to -- I'm taking a bit of a digital respite -- but I would imagine the infighting on (pick a topic, any topic) is raging good and thick.

S&P (INDEXSP:.INX) 1950 is now resistance, if and when; S&P 1900 remains near-term support.  Stair-stepping is a good way to measure risk.

Yes, I'm still watching GW Pharma (NASDAQ:GWPH) -- $80 is an important technical toggle.


Click to enlarge

As always, I hope this finds you well.

R.P.

Twitter: @todd_harrison

Follow Todd and over 30 professional traders as they share their ideas in real time with a FREE 14 day trial to Buzz & Banter.
< Previous
  • 1
Next >
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 todd@minyanville.com.

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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