Posts Tagged ‘$GS’

• Financials Hit A Brick Wall
  Posted by Leigh Drogen on October 14th, 2010 at 11:49 am, Comments: 0

  The financial sector hit a brick wall once again today as the $XLF ran straight into that 15$ level that has been iron clad for more than 5 months. $JPM earnings yesterday morning left much to be desired.  Their investment banking unit is having issues and the flow on their trading desks has been very [...]

• The News Market
  Posted by Leigh Drogen on April 16th, 2010 at 1:12 pm, Comments: 0

  I always find it interesting how technicals and fundamentals often line up at turning points in the market.  As you know, I’ve been significantly long throughout this entire run the past few months.  When the market got a little extended short term, I pulled in the reigns and raised some cash, never north of 15%, [...]

• 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 [...]

• Get Ready to Load the Boat
  Posted by Leigh Drogen on February 23rd, 2010 at 7:06 pm, Comments: 0

  The market took a break today as expected, materials names were weak as the dollar moved up the better part of the day.  Goldman Sachs $GS continues to be the most important stock I’m watching, it tested that major 160 level this morning and was summarily rejected.  Buy some puts on Goldman as a hedge [...]

• 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. [...]

• We’ve Got Video!
  Posted by Leigh Drogen on February 11th, 2010 at 12:28 am, Comments: 0

  We’ve got video!  I’m stoked that I’ll be able to bring you guys more ideas now that I can run through charts in this medium, it takes too long to post 15 charts to the blog.  The picture you will see behind me is one of my favorite paintings, by Picaso, it is my own [...]

• 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 [...]

• 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 Little Commentary on the Fed
  Posted by Leigh Drogen on January 27th, 2010 at 11:56 am, Comments: 0

  It seems that the main issue here revolves not around the fact that the Fed bailed out $AIG, but that AIG paid out 100 cents on the dollar to $GS for the derivative contracts.  You know this already, or at least should.  I think everyone is in agreement that there was no other option but [...]

• Weekend Reading – Massacre or Mutual Fund Monday
  Posted by Leigh Drogen on January 24th, 2010 at 12:23 pm, Comments: 0

  Feels like 2008 all over again doesn’t it.  Monday morning is going to be very interesting given that we are back to politics in Washington creating volatility in the market.  For a while there the focus was actually on companies, ironic that $IBM $INTC and others are blowing out earnings, top and bottom line, and [...]