Posts Tagged ‘C’

• Reverse Split For Citigroup?
  Posted by Leigh Drogen on April 21st, 2010 at 11:14 am, Comments: 0

  On Tuesday the treasury voted for a measure to reverse split Citigroup’s $C stock.  Treasury said that a reverse split, “will address the fact that the company has a much larger number of shares outstanding than is necessary to ensure adequate trading liquidity.” Where shall I begin.  Let’s just take a quick look at the [...]

• Momentum Book Update
  Posted by Leigh Drogen on February 27th, 2010 at 10:23 am, Comments: 0

  This was consolidation week in the market, holding gains was priority number one.  We came in overbought and exited on a strong note after a week of opening gaps that all got filled.  By Friday afternoon I upped my exposure to over 90% as I believe a powerful rally is brewing.  I continue to pick [...]

• Market Getting Extended
  Posted by Leigh Drogen on February 17th, 2010 at 9:25 am, Comments: 0

  The market ripped higher yesterday slicing through that 20 day moving average like butter.  We ended the day right under the 50 day moving average and this morning the $ES_F is up almost 5 points.  Take a look at the $USDX this morning, it’s surging off a strong level of support, but equities haven’t moved. [...]

• 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 [...]

• A Look to 2010
  Posted by Leigh Drogen on December 16th, 2009 at 6:07 pm, Comments: 0

  StockTwits has organized a new stream of tweets focused on the symbol $TWENTYTEN for the community to make predictions and share their views about the year to come.  I encourage you to participate by writing a blog post or simply tweeting your predictions or views.  Just tag your tweet with the symbol $TWENTYTEN.  Nothing in [...]

• A Technical Cross Roads
  Posted by Leigh Drogen on December 15th, 2009 at 10:19 pm, Comments: 0

  I find it interesting how technical patterns often come to a point of resolution as major fundamental news is released.  This is true for assets across the board.  Tomorrow’s FOMC announcement once again comes as we are at a cross roads in several different assets.  Tomorrow’s announcement will kick off the next leg in several markets, [...]

• Bernanke and Geithner Win (for now)
  Posted by Leigh Drogen on December 3rd, 2009 at 12:03 am, Comments: 0

  Allow me to set the stage: Last winter as the world was falling apart Bernanke and Geither had three options: Nationalize the largest banks which represented systemic risk ($C, $BAC, $WFC), sell off their assets piece by piece, and put the full weight of the United States balance sheet behind the financial system in a transparent way. [...]