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Todd Harrison: Random Thoughts on Stocks, Social Mood, and Solange Knowles


Taking our journey one step at a time.

Editor's Note: Todd posts his vibes in real time each day on our 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.

Another day of the freaky fray is upon us as the bears seize the early lead. As is often the case these days, time is a precious commodity. As such, I'll dive right into the news and views that matter for the session and beyond. In no particular order:
  • The greatest trick the devil ever pulled was convincing the market that the SMART Money Index didn't exist. It does, and it's updated below.

Click to enlarge

The bulls continue to flirt with a massive breakout. See it, even if you think it's the world's greatest head-fake-in-waiting. Through a pure technical lens, a move through S&P 500 (INDEXSP:.INX) 1900 on the upside works to S&P 1975 (4% higher).
  • Of course, if technical analysis were gospel, it wouldn't be called trading -- it would be called "winning."
  • Speaking to financial services clients, identifying a way to crack the millennial code is priority one; there's a massive transfer of wealth on the horizon. Personally, I'm a buyer of that demo.
  • Minyanville's Peter Atwater delivered a tremendous TEDx talk on America's chronic "underconfidence." As a card-carrying socionomicist, I think he makes some fascinating observations. You can view them here.
  • The SPX versus KBW Bank Index (INDEXSP:BKX) chart is below; presumably, the banks will either outperform the S&P, or the S&P will underperform the banks. It's all relative.

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Twitter: @todd_harrison

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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

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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