Archive for February, 2010

• Capital Flows: Out of Bonds, Into…?
  Posted by Leigh Drogen on February 10th, 2010 at 1:44 pm, Comments: 0

  The enormous flow of capital into corporate bond funds over the the past year seems to be coming to an end with investors starting to worry about rising interest rates.  The major bond fund ETFs $LQD and $JNK are testing their 200 day moving averages.  The junk bond ETF as you know trades very similar [...]

• Don’t Leave Those Screens
  Posted by Leigh Drogen on February 10th, 2010 at 12:58 am, Comments: 0

  Interesting market eh?  As I remarked a few weeks ago, we are fully into a new cycle of trading where outside political and macro news will effect the market on both the intra day and shorter swing time frames than it had during the major trend leading up to this sell off.  You’ve got to [...]

• Weekend Reading – Innovation Nation
  Posted by Leigh Drogen on February 7th, 2010 at 6:26 pm, Comments: 0

  A little bit of market talk.  Every technical analyst and their mother has MC Hammer blasting in the background this weekend while reviewing charts.  It’s pretty obvious given the candle, the huge volume, and the relentless buying action into the close Friday that guys with deep pockets made a stand.  After looking through a lot [...]

• Momentum Book Update
  Posted by Leigh Drogen on February 6th, 2010 at 10:10 am, Comments: 0

  Wow, if Friday didn’t get your heart racing then you shouldn’t be a trader, that was a lot of fun.  We may have seen an intermediate term bottom put in yesterday as the big boys bought materials in size going into the close.  Let’s start with Monday though when it seemed we may have escaped [...]

• Market Update
  Posted by Leigh Drogen on February 3rd, 2010 at 2:33 pm, Comments: 0

  I’ve been slacking on the technical analysis side of this blog lately, mostly because putting all of the charts up here really is time consuming, and it’s far easier to just upload them to Chart.ly.  If you read this blog for the technical analysis aspect, or just the general market commentary, please make it a [...]

• Thanks, But the Fun is Over
  Posted by Leigh Drogen on February 2nd, 2010 at 6:11 pm, Comments: 0

  I’ll get to the market a little later, today’s action was interesting for sure, but I want to talk about what happened on the hill today.  Mr. Volker sat for the Senate finance committee today and took questions regarding separating commercial banking operations from proprietary trading.  He seems to believe that these two things should not [...]