Archive for October, 2009

• Buy Your Winners: Postmarket Update
  Posted by Leigh Drogen on October 13th, 2009 at 5:55 pm, Comments: 0

  Much like when I stepped onto the ice last night, I came into the office this morning feeling like shit.  I hobbled all the way from the subway and just felt like crawling into a hole.  By the end of the day though the pain in my leg was no longer bothering me and my [...]

• On Motivation: Premarket Take
  Posted by Leigh Drogen on October 13th, 2009 at 9:15 am, Comments: 0

  The $USDX is getting slammed again this morning to no one’s surprise.  The $EURUSD and $USDCAD have made a new yearly high and low respectively.  Gold and silver are up greater than half a percent and crude has extended yesterday’s gains up around 74.50.  I think we test 76 in short order on the November [...]

• Crude Realities
  Posted by Leigh Drogen on October 12th, 2009 at 2:19 pm, Comments: 0

  I’m long crude oil this morning via $USO at 37.82 and will add a second lot at 38.38. I want to take a few moments this afternoon to focus on the energy complex as a whole, as these are important levels. $USO broke through the upper 20 day donchian channel today giving me a buy [...]

• The Week In Charts!
  Posted by Leigh Drogen on October 10th, 2009 at 2:23 pm, Comments: 0

  The Week In Charts!

• Classic
  Posted by Leigh Drogen on October 9th, 2009 at 3:47 pm, Comments: 0

  httpv://www.youtube.com/watch?v=Qq8Uc5BFogE

• Weekend Reading 10/09/09
  Posted by Leigh Drogen on October 9th, 2009 at 3:20 pm, Comments: 0

  Traders have moved from fighting the trend in $SPX to fighting the trend in $USDX.  Trying to pick tops and bottoms will never end, it’s old as the market, and almost always provides a great sentiment indicator.  We need to see a melt up and a melt down on the $SPX and $USDX respectively for [...]

• Things Getting Loonie: Morning Take
  Posted by Leigh Drogen on October 9th, 2009 at 9:34 am, Comments: 0

  The $USDCAD got crushed last night, it is now in full breakdown mode.  Close attention needs to be paid to crude $CL_F now, its action over the next week will give us a lot of insight as to how crude is going to trade for the next few months.  Either we will see crude follow [...]

• I Smell Melt Up: Postmarket Update
  Posted by Leigh Drogen on October 7th, 2009 at 9:27 pm, Comments: 0

  It’s approaching the 9 o’clock hour here in NY and the $USDX is getting an old fashion beat down in the evening session.  The $AUDUSD is up greater than 1.2% already.  As you know I am positioned long CAD and short GBP against the US Dollar.  Both positions are showing me a nice profit, and the [...]

• Alcoa Earnings into the Close
  Posted by Leigh Drogen on October 7th, 2009 at 3:30 pm, Comments: 0

  Alcoa $AA reports after the bell today.  I don’t normally play earnings, but given the significance that Alcoa’s earnings seem to hold every quarter for the market, I’ll make a few comments here. Alcoa has put in a large reverse head and shoulders pattern over the past year.  After breaking out, it retested the neckline [...]

• USDX to 71.31: Postmarket Update
  Posted by Leigh Drogen on October 6th, 2009 at 7:47 pm, Comments: 0

  The market can be so incredibly boring for days on end, and then turn around and smack you in the face with ten thousand things at once.  One of the things that I strive to improve on every day is my ability to filter the information I need from that which makes it harder to [...]