Uncategorized

• 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 [...]

• Don’t Do Stupid %$&#
  Posted by Leigh Drogen on June 10th, 2010 at 2:20 pm, Comments: 0

  I remember the first time I seriously asked my father what he did for a living.  Just a little background before I get to the punchline here, my father is a real estate attorney, mostly large commercial and residential construction.  He works with some of the largest property developers in the country.  Anyway, I’m 12 years old [...]

• On Technical Analysis
  Posted by Leigh Drogen on June 9th, 2010 at 11:50 pm, Comments: 0

  I meet a lot of interesting characters these days.  Sometimes it’s Hungry Web Entrepreneur,  other times Loud Money Manager.  I cross paths with Social Media Douchebag quite a bit, and of course being a young man living in New York City, I meet a lot of Desperate Jewish Girls.  Today though, I sat down with Joe [...]

• Still Surfing In Indo (in my mind)
  Posted by Leigh Drogen on June 8th, 2010 at 9:19 pm, Comments: 0

  It isn’t too often that the market just doesn’t interest me.  This happens to be one of those times, it’s been relatively easy for me to just say, there’s no reason to get involved.  Swing traders, long and short, are getting chopped to pieces while the day traders have their glory.  Markets change, and we [...]

• …and that’s why
  Posted by Leigh Drogen on June 7th, 2010 at 5:36 pm, Comments: 0

  If you weren’t already convinced that AT&T $T had put the clamps on its customer’s data usage last week because of fear from new iPhone usage, Apple’s $AAPL annoucement today should close the deal.  Apple announced the iPhone4 today you can get your tech porn fix here. New features include multitasking, HD video recording, new [...]

• Momentum Book Update
  Posted by Leigh Drogen on June 4th, 2010 at 9:27 pm, Comments: 0

  Quick post this week as there isn’t much going on in my trading book these days.  After not trading at all since May 21st I took a long position in the US Dollar via $UUP on Thursday at the close.  That position was 20% of my book, very large, but that ETF hardly moves, so [...]

• Long The US Dollar, Because….. It’s Going Higher
  Posted by Leigh Drogen on June 3rd, 2010 at 9:22 pm, Comments: 0

  I have no clue why the US Dollar $DX_F is going higher, nor do I really care, it could be one of ten thousands things.  What I do know, is that I see a classically bullish technical pattern staring me in the face and I’d like to make a couple bucks from it.  I took [...]

• It was Inevitable
  Posted by Leigh Drogen on June 3rd, 2010 at 10:58 am, Comments: 0

  If you didn’t see this coming, well, go back to sleep under that rock.  Yesterday AT&T $T announced that it is ending the unlimited data plan for its smartphone customers, as well as its Apple $AAPL iPad subscribers.  Now, before I get into my full rant, oh yes there will be much ranting, let’s get [...]