Archive for March, 2010

• The Real Problem With Healthcare
  Posted by Leigh Drogen on March 20th, 2010 at 11:14 am, Comments: 0

  In all likelihood there will be a final vote on healthcare reform this coming Sunday afternoon.  It looks as if the healthcare bill will be passed.  I’ve said in the past that for the market, this is a positive thing, it takes uncertainty out of the picture, investors can now run the numbers under a new set [...]

• Finally, the NHL Gets One Right
  Posted by Leigh Drogen on March 18th, 2010 at 7:53 pm, Comments: 0

  I’ve been very very very critical of Colin Campbell, the man in charge of doling out punishment for player transgressions, along with the proposed rule change by the group of NHL general managers who met for the winter meetings.  But yesterday, Campbell finally got one right.  Look, there has no doubt been an increase in [...]

• My Watch List is Long, But So Are the Setups
  Posted by Leigh Drogen on March 18th, 2010 at 4:04 pm, Comments: 0

  I ran through all of my charts this afternoon and was surprised to find so many great setups, even with the market having gone up 14 of the past 15 days.  The breadth today was terrible, you can see it by looking at the $DIA vs $SPY vs NYSE.  I’ve got a lot of names [...]

• Value Outperforming Growth
  Posted by Leigh Drogen on March 17th, 2010 at 8:58 pm, Comments: 0

  Over the past few days I’ve noticed in the tape that value names are far outperforming growth names.  I took a deeper look at a few time frames tonight and found that my anecdotal observations were in fact correct when I looked at the data.  Take a look below for yourself. As you can see, [...]

• Pattern Recognition
  Posted by Leigh Drogen on March 17th, 2010 at 10:12 am, Comments: 0

  Technical analysis is part science and part art, and when you’re talking about art, some people “have it” and some people just don’t.  Look, I couldn’t draw you a freaking circle by free hand, I just don’t have the motor skills with my hands to do that.  Going ever further, if you asked me to [...]

• Weekend Reading
  Posted by Leigh Drogen on March 15th, 2010 at 12:53 am, Comments: 0

  No commentary tonight, sorry, I’m running low on sleep, kinda like Cougar was running low on fuel at the beginning of Top Gun.  I need to find more time to write, I have a list a page long of topics I want to explore here, but just haven’t found time.  I promise I’ll get to [...]

• Focus On Energy This Week
  Posted by Leigh Drogen on March 14th, 2010 at 11:38 pm, Comments: 0

  The market is overbought and needs time to rest, at least for a few days.  I’ll be in protection mode for the early part of the week as I am looking over my shoulder for Mr. Market to come and steal my hard fought gains.  If this market can hold it together though, I’ll be [...]

• More Stupidity From the NHL
  Posted by Leigh Drogen on March 14th, 2010 at 7:22 pm, Comments: 0

  Much will be made of Alex Ovechkin’s hit on Brian Campbell this afternoon in the coming days.  Before I comment, watch the video and attempt to make your own decision regarding the hit, was it clean? Ovechkin was given a major and a match penalty, meaning that he was thrown out of the game.  The [...]

• Momentum Book Update
  Posted by Leigh Drogen on March 12th, 2010 at 4:24 pm, Comments: 0

  Dude, where’s my volatility… The market took the express train past the rally highs this week and provided yet another round of excellent swing trading to the long side.  While everyone was buying puts and inverse ETFs to protect profits from an organized pullback, the market marched higher, stopping them out one after another.  Are [...]

• Market Update
  Posted by Leigh Drogen on March 12th, 2010 at 11:11 am, Comments: 0

  I’ve been slacking on this blog lately as we are working on huge things over at StockTwits which have taken up a good amount of time.  Let’s run through the market and a few names I’m looking at for entries right now.  Video below…