Archive for June, 2010

  • It’s All About China Now, Get Used To It
    Posted by Leigh Drogen on June 21st, 2010 at 3:53 pm, Comments: 0

    We better get used to trading in a market that’s all about China because it ain’t going away any time soon.  Frankly, we’ve been trading in that market since July of 2008 when the Chinese central bankers put an end to the appreciation in the Yuan and crushed the commodity complex to prevent run away [...]

  • Momentum Book Update
    Posted by Leigh Drogen on June 20th, 2010 at 1:38 pm, Comments: 0

    I gave back a lot of alpha this week as the market surged without me, about 240 basis points worth.  Instead of chasing the market higher as it became extended, I sat back and watched. The nice part about having built a large lead on the market is that you don’t have to freak out [...]

  • Market Thoughts
    Posted by Leigh Drogen on June 18th, 2010 at 10:48 am, Comments: 0

    A few thoughts here as we approach mid day.  I’m starting to see A LOT of good setups cross my screens, but a lot of stuff is also way too extended short term to jump in here, along with the market as a whole, I will not buy things en force while those oscillators and [...]

  • Asleep At The Screen
    Posted by Leigh Drogen on June 16th, 2010 at 5:41 pm, Comments: 0

    If you’ve been keeping up with this blog on a daily basis the past few weeks, you should have made some pretty good coin on the long side.  Last Friday I outlines a laundry list of things that I wanted to see happen to get me bullish and in this market.  They were all achieved. [...]

  • Overbought Oscillators and the Deflation Debate
    Posted by Leigh Drogen on June 15th, 2010 at 11:15 pm, Comments: 0

    I’ve completely missed the rally that’s gone on the past week or so off the bottom.  The setups were there, I didn’t take them.  In fact I actually lost a little bit of money today getting stopped out of my long in VVUS.  A lot of strong stocks are breaking out now, I like the [...]

  • Patience….
    Posted by Leigh Drogen on June 14th, 2010 at 5:52 pm, Comments: 0

  • Blood, Treasure, and Honor
    Posted by Leigh Drogen on June 14th, 2010 at 2:53 pm, Comments: 0

    Ahhhh, and the plot thickens in Afghanistan.  Readers of this blog know my stance on Afghanistan, I have written about it extensively here, so there is no need to rehash my views, go back and read them.  Let me just put a disclaimer out there before we get into this, because I think it’s important. [...]

  • Momentum Book Update
    Posted by Leigh Drogen on June 12th, 2010 at 11:25 am, Comments: 0

    Very quick again this week because I’m still not trading for the most part in this stupid tape.  I did put a note out Friday on this blog regarding the better action I’m starting to see.  I did nothing yesterday though and the market melted up into the close.  It’s all about the path of [...]

  • The Jobs Aren’t Coming Back, Here’s Why
    Posted by Leigh Drogen on June 11th, 2010 at 3:12 pm, Comments: 0

    I could belabor my point here, but I’m going to make this very simple.  The reason that there are no new jobs, and that there most likely won’t be any new jobs, until a brand new industry in this country is formed, is because of the increase in productivity.  Watch the video below.

  • Things Are Getting Interesting
    Posted by Leigh Drogen on June 11th, 2010 at 11:34 am, Comments: 0

    Things are starting to get interesting here.  I’m seeing more quality setups cross my screens as relative strength names form nice bases while the major indices chop around the last few weeks.  Up until yesterday, I had zero interest in being involved in this market on the long side, but this morning I started to [...]