Posts Tagged ‘GLD’

• Get On Board the Gold Train
  Posted by Leigh Drogen on April 23rd, 2010 at 9:56 am, Comments: 0

• Market Update
  Posted by Leigh Drogen on February 3rd, 2010 at 2:33 pm, Comments: 0

  I’ve been slacking on the technical analysis side of this blog lately, mostly because putting all of the charts up here really is time consuming, and it’s far easier to just upload them to Chart.ly.  If you read this blog for the technical analysis aspect, or just the general market commentary, please make it a [...]

• 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 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, [...]

• Stock Picker’s Delight
  Posted by Leigh Drogen on December 15th, 2009 at 12:52 am, Comments: 0

  The market has gone absolutely nowhere in over a month, oscillating around a rising 20 day moving average.  While the broader indices continue to churn, some excellent setups to both the long and short side have revealed themselves.  Instead instead of focusing on the direction of the overall market tonight, below are a bunch of the best [...]

• Weekend Reading
  Posted by Leigh Drogen on December 11th, 2009 at 6:41 pm, Comments: 0

  Oh what a week it was in the news, the market on the other hand, ehhh.  We continue to trade in a range between 1113 and 1086 on the S&P 500, now back above the 5 day moving average at the close today.  What’s nice with the chop though is that issues are moving independent [...]

• Late Night Comedians Do Finance…Kind Of
  Posted by Leigh Drogen on December 10th, 2009 at 1:45 am, Comments: 0

  I’m watching some late night television, I love John Stewart and Steven Colbert.  Frankly, John Stewart has more credibility than MSNBC, CNN, and Fox News combined.  Sadly, you’ll find more real news during this hour of television than you’ll find all day on cable news.   As a writer and performer Steven Colbert is far and away more [...]

• Hugging My GLD Like a Teddy Bear
  Posted by Leigh Drogen on December 1st, 2009 at 8:35 pm, Comments: 0

  While everything else continues to chop around, fail breakouts and mean revert, my gold position in $GLD continues to work.  Is it making me mucho deniro, not really, i was unfortunately loaded with equities at the time I took the $GLD position and didn’t add more than one lot on the breakout.  Since that breakout in [...]