Archive for January, 2010

• Momentum Book Update
  Posted by Leigh Drogen on January 8th, 2010 at 7:07 pm, Comments: 0

  The momentum book under performed a little bit this week as I am heavily loaded in tech and not exposed enough to the materials sector.  Large cap tech is taking a rest here after its amazing run.  Are we topping out or consolidating for the next push?  I feel its the latter and not the [...]

• Trader Interviews With Tim Bourquin
  Posted by Leigh Drogen on January 8th, 2010 at 1:55 pm, Comments: 0

  I had the honor on Wednesday of being interviewed by Tim Bourquin who runs Trader Interviews.  I’ve got to say, he’s a class act, we had an excellent conversation that I think you will benefit from listening to. Just to lead in, if you aren’t familiar with my trading strategies, I run both a momentum [...]

• Jobs, USDX, ES, and Rates
  Posted by Leigh Drogen on January 8th, 2010 at 9:22 am, Comments: 0

  I hope you all get it by now, that the negative correlation between equity markets and the US Dollar is broken.  In fact, we’ve flipped all the way to a .5 positive 30 day running correlation.  A few months ago if the $DX_F dropped like it did this morning, equity markets would have been flying. [...]

• SPY / USDX Correlation
  Posted by Leigh Drogen on January 6th, 2010 at 11:41 pm, Comments: 0

  An excellent chart was posted by @VPgradient today which looks at a running correlation between the US Dollar and SPY.  I did a little writeup on the Chart.ly Blog about it, I highly encourage you to take a look.  We are seeing a shift in the correlation, and you better be aware because the trend [...]

• Gold and Materials Update
  Posted by Leigh Drogen on January 6th, 2010 at 11:29 am, Comments: 0

  Materials are running, there’s nothing secret about that.  Let’s take a quick look at where we are. We are now at a critical juncture in the materials sector $XLB, an area that has acted as both support and resistance on several occasions.  It’s amazing to think that the sector has now retraced the entire collapse [...]

• Goldman Sachs and Finnies Steamrolling the Market
  Posted by Leigh Drogen on January 5th, 2010 at 12:41 pm, Comments: 0

  It was pretty obvious how these past few weeks were going to play out.  Tech is a little tired, there are a few weak sectors, materials are flying again due to a halt in the $USDX rally, but it’s the financials that are leading this market higher.  After spending almost 6 months in a coma, [...]

• Get Ready to Hop On the Fertilizer Train
  Posted by Leigh Drogen on January 5th, 2010 at 9:21 am, Comments: 0

  Mosaic $MOS kicks off this round of earnings reports in the agricultural sector today after the bell.  It’s always interesting when we find a confluence of technicals and fundamentals, isn’t that they way it’s supposed to work.  Mosaic is running up into some major resistance.  We have filled the gap from the dump of September [...]

• Mom’s Beef Stew
  Posted by Leigh Drogen on January 2nd, 2010 at 5:54 pm, Comments: 0

  I’m a foodie, I’m a food snob, I just plain love food.  It’s all about the flavor, pile it on.  There’s nothing better than sharing a great meal with friends and family. Growing up I didn’t eat many sit down family meals.  With everyone always on the go, from one game, practice or lesson to [...]