Posts Tagged ‘GC_F’

• 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. [...]

• Narrow Range
  Posted by Leigh Drogen on January 25th, 2010 at 7:21 pm, Comments: 0

  Quick post tonight, but I want to comment on slew of different stuff that I’ve neglected to speak about. We closed a penny away from VWAP on the $SPY today, no coincidence.  Today was the epitome of wait and see, traders are playing some serious chicken.  Don’t be the first to move, wait for the winner [...]

• Gold and Materials Update
  Posted by Leigh Drogen on January 6th, 2010 at 11:29 am, Comments: 0

  Materials are running, there’s nothing secret about that.  Let’s take a quick look at where we are. We are now at a critical juncture in the materials sector $XLB, an area that has acted as both support and resistance on several occasions.  It’s amazing to think that the sector has now retraced the entire collapse [...]

• The Gold Trade
  Posted by Leigh Drogen on December 23rd, 2009 at 1:47 am, Comments: 0

  http://leighdrogen.com/files/2009/12/longgold.PNG

• 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 [...]

• Golden Opportunities
  Posted by Leigh Drogen on November 3rd, 2009 at 7:14 pm, Comments: 0

  I’m seeing some extreme indecision in the market, which makes sense at this point.  The dip buyers failed, they did, and they know it.  The shorts never came in, they decided took keep what was left of their dignity and sit this one out.  Unlike the last few dips there are no short sellers this [...]

• USDX to 71.31: Postmarket Update
  Posted by Leigh Drogen on October 6th, 2009 at 7:47 pm, Comments: 0

  The market can be so incredibly boring for days on end, and then turn around and smack you in the face with ten thousand things at once.  One of the things that I strive to improve on every day is my ability to filter the information I need from that which makes it harder to [...]

• Loonie Toons: Premarket Take
  Posted by Leigh Drogen on October 6th, 2009 at 9:15 am, Comments: 0

  We have a new all time high in Gold $GC_F this morning, 1036 as I write this.  That is the break of the inverse head and shoulders pattern, look for 1100 quickly with a retest of the neckline sometime over the next month. Get ready to go short $USDCAD, the US Dollar is getting destroyed [...]

• Gold and Crude Oil
  Posted by Leigh Drogen on October 4th, 2009 at 7:39 pm, Comments: 0

  I’m still working out a few kinks in the new site, this weekend I’ve experienced a little issue with links.  Due to this issue I wasn’t able to write the weekend reading post this week.  Instead, I wanted to spend a few minutes tonight looking at weekly charts of both gold and crude oil. The [...]