Archive for November, 2009

• Back to Work and Sitting On My Hands
  Posted by Leigh Drogen on November 30th, 2009 at 4:40 pm, Comments: 0

  Back at my desk today after two weeks of travel, it’s nice to be stationary for a bit. The major story late last week was of course the disaster that is Dubai. Capitalism has the ultimate learning curve. Back in the early 90′s the oil rich gulf nations had no clue what to do with [...]

• Interesting Reading From Last Week
  Posted by Leigh Drogen on November 30th, 2009 at 8:07 am, Comments: 0

  I wasn’t able to get a weekend reading post out last week while traveling, call your airline and complain that they haven’t installed wifi yet.  Here are a few interesting reads that I came across. Bill Gross may talk his book incessantly, but it’s hard to argue with his logic or track record (NYT) This [...]

• Cartagena Colombia and Andres
  Posted by Leigh Drogen on November 29th, 2009 at 11:30 pm, Comments: 0

  I’m exhausted, just truly running on empty right now.  I haven’t slept more than 4 hours in a week, been to Vegas and Colombia, and I’m ready to crash.  But before that happens, and I flip the book to a new week of truly getting back to work, reading up on this Dubai debacle, and focusing [...]

• Bogota Colombia
  Posted by Leigh Drogen on November 25th, 2009 at 9:18 pm, Comments: 0

  We flew into Bogotá Colombia late last night and had the chance to walk around through the neighborhood where my cousin lives.  Situated up against the mountains to the north, this area is home to the wealthy, internationals, and yuppies.  The architecture is very 1970′s socialist, boxy, a lot of concrete and red brick, and rather [...]

• Running Out of Breadth
  Posted by Leigh Drogen on November 23rd, 2009 at 10:04 pm, Comments: 0

  Like a less talented, smaller, slower team, the market is just hanging around, scrapping and clawing to stay in the game.  Teams like this are dangerous, it’s anyone’s game in the waning minutes.  A big push up above 1120 with volume on the $SPX and I wouldn’t be surprised to see another round of buying [...]

• Weekend Reading
  Posted by Leigh Drogen on November 23rd, 2009 at 12:03 am, Comments: 0

  This week’s weekend reading post is a bit belated due to several factors, foremost of which is my recovery from the Vegas trip.  It will be another week of traveling for me as I leave for Bogotá Colombia on Tuesday to spend Thanksgiving with some family down there.  We will also be taking a short two day trip to [...]

• Humor
  Posted by Leigh Drogen on November 19th, 2009 at 7:54 pm, Comments: 0

• We Go Lower
  Posted by Leigh Drogen on November 19th, 2009 at 7:40 pm, Comments: 0

  The market gave it up today, as I expected.  I’ve been warning you the past few days that the momentum had left the market and we were stalling out.  We were at the top of the channel range, it was either a break through on volume leading to a crazy melt up or we were [...]

• Vegas is America
  Posted by Leigh Drogen on November 19th, 2009 at 1:06 am, Comments: 0

  The first thing you realize when flying into Las Vegas is that you’re trapped.  The sense of isolation is so incredibly strong it’s undeniable, this is the middle of the desert.  In the middle of nowhere stands a row of steel and florescent lights, so out of place you wonder why here, why not 20 [...]

• The Nothing Day
  Posted by Leigh Drogen on November 17th, 2009 at 6:22 pm, Comments: 0

  Today was a nothing day, anything that happened you should pretty much throw out the window and forget, no one was trading.  We are still trapped under the upper trend channel on the $SPY after breaking out of the bull flag put in last week.  Negative divergences are forming on the hourly chart which should [...]