Archive for December, 2009

• A Look to 2010
  Posted by Leigh Drogen on December 16th, 2009 at 6:07 pm, Comments: 0

  StockTwits has organized a new stream of tweets focused on the symbol $TWENTYTEN for the community to make predictions and share their views about the year to come.  I encourage you to participate by writing a blog post or simply tweeting your predictions or views.  Just tag your tweet with the symbol $TWENTYTEN.  Nothing in [...]

• A Technical Cross Roads
  Posted by Leigh Drogen on December 15th, 2009 at 10:19 pm, Comments: 0

  I find it interesting how technical patterns often come to a point of resolution as major fundamental news is released.  This is true for assets across the board.  Tomorrow’s FOMC announcement once again comes as we are at a cross roads in several different assets.  Tomorrow’s announcement will kick off the next leg in several markets, [...]

• Stock Picker’s Delight
  Posted by Leigh Drogen on December 15th, 2009 at 12:52 am, Comments: 0

  The market has gone absolutely nowhere in over a month, oscillating around a rising 20 day moving average.  While the broader indices continue to churn, some excellent setups to both the long and short side have revealed themselves.  Instead instead of focusing on the direction of the overall market tonight, below are a bunch of the best [...]

• Best AT&T Bashing Post Ever
  Posted by Leigh Drogen on December 11th, 2009 at 11:29 pm, Comments: 0

  I read this and couldn’t help myself from posting it, it’s just that good, pure genius.  As you know I am a huge fan of my iPhone and believe AT&T is one of if not the most evil corporation on earth.  (The Secret Diary of Steve Jobs).

• Weekend Reading
  Posted by Leigh Drogen on December 11th, 2009 at 6:41 pm, Comments: 0

  Oh what a week it was in the news, the market on the other hand, ehhh.  We continue to trade in a range between 1113 and 1086 on the S&P 500, now back above the 5 day moving average at the close today.  What’s nice with the chop though is that issues are moving independent [...]

• Lessons in Disaster Management and Health Insurance Stocks
  Posted by Leigh Drogen on December 10th, 2009 at 6:25 pm, Comments: 0

  As the debate in the Senate over the health care reform bill heats up, the market for health insurers is on fire.  While the broader market continues to churn into the end of the year, it seems we finally have somewhat of a real stock market instead of a market of stocks.  The health insurers [...]

• Pipeline Masters is ON!
  Posted by Leigh Drogen on December 10th, 2009 at 4:31 pm, Comments: 0

  Winter on the North Shore of Oahu, Hawaii is a spectacle to put it lightly.  Every winter massive storms in the Gulf of Alaska blow huge swells towards this stretch of beach producing some of the most amazing waves on earth.  Behind the Eddie Aikau big wave event, the Pipeline Masters is the most famous [...]

• Late Night Comedians Do Finance…Kind Of
  Posted by Leigh Drogen on December 10th, 2009 at 1:45 am, Comments: 0

  I’m watching some late night television, I love John Stewart and Steven Colbert.  Frankly, John Stewart has more credibility than MSNBC, CNN, and Fox News combined.  Sadly, you’ll find more real news during this hour of television than you’ll find all day on cable news.   As a writer and performer Steven Colbert is far and away more [...]

• Eddie and the Dollar
  Posted by Leigh Drogen on December 8th, 2009 at 10:45 pm, Comments: 0

  Quick post tonight as I’ve been running around all day it seems.  It’s officially winter in NYC this week as I wonder, as I do every year, why I moved back east from San Diego.  To top it off I watched a little of the Eddie Aikau contest held in Hawaii and had to dig [...]

• Back to the Bottom (of the range)
  Posted by Leigh Drogen on December 8th, 2009 at 8:53 am, Comments: 0

  I’ve been warning you for a few weeks now that momentum in the market has stalled out.  Many weekly time frames were looking ripe for a pull back if not a complete end to the rally, see $AAPL.  Market leaders have been slowing getting picked off, one by one, like apples from a tree.  Traders [...]