Posts Tagged ‘PCX’

• Momentum Book Update
  Posted by Leigh Drogen on April 25th, 2010 at 10:44 am, Comments: 0

  I’m gonna keep this pretty short and just hit the major points.  I sold a lot of stock on Monday bringing my cash levels to over 60%.  This run has been quite amazing and large momentum moves often end with a bang.  Fundamental news often matches up with technicals at tops and bottoms, both intermediate [...]

• Momentum Book Update
  Posted by Leigh Drogen on April 17th, 2010 at 12:27 pm, Comments: 0

  It’s amazing, the inability of sellers to keep the market down into the close.  One of the main indicators I’ve been watching throughout this rally is the ability for sellers to close the market on the lows, and continue the selling into the next session.  It should be pretty obvious that this hasn’t taken place [...]

• Signs of Distribution, Stay Nimble
  Posted by Leigh Drogen on March 31st, 2010 at 4:02 pm, Comments: 0

  I went on a bit of rant tonight after the $RIMM earnings, but I think it’s good info that should be heeded.  The market feels a little iffy here, but there are still great setups like $ATHR $PCX $WPRT and $NUS which I talk about in the video below…

• Just Chill
  Posted by Leigh Drogen on March 30th, 2010 at 12:51 pm, Comments: 0

  There are times when putting the pedal to the floor is the right move, and others when just cruising is advisable, this would be the latter.  Don’t chase breakouts here, the market needs time to collect itself and prepare for the assault on 1200.  There are setups to be bought, but when they are few [...]

• Grab Your Cojones and Buy Materials
  Posted by Leigh Drogen on January 21st, 2010 at 12:03 am, Comments: 0

  Let’s begin tonight with a little chart review.  A few weeks back I posted a weekly look at the $XLB which was coming into long term resistance at the $35 level.  I said at the time that I though we were due for a rejection from that level, and that it would take a few [...]

• Momentum Book Update
  Posted by Leigh Drogen on December 23rd, 2009 at 10:51 am, Comments: 0

  It’s been almost 7 weeks since I started the Surfview Capital Momentum strategy.  My cash position has been quite high throughout, ranging between 20 and 25 percent, but despite the high cash position, I’ve still gained over 320 basis points of alpha.  I feel better entries await for some of the high flying stocks I [...]

• Execute Your Play Book
  Posted by Leigh Drogen on October 27th, 2009 at 3:11 pm, Comments: 0

  The past few days have been nothing other than a calamity of errors on my part, not because I’ve lost money, but because I’ve bumbled the opportunity to make a lot of it.  You will hear this next line recited by many traders, and frankly, it’s true.  There are periods of time where I lose [...]

• It’s a Play Book, Not a Game Plan
  Posted by Leigh Drogen on October 26th, 2009 at 5:38 pm, Comments: 0

  I highly believe in having a large play book while having no game plan.  The market doesn’t give a shit what your game plan is, so don’t come to play with a bias.  In war, the game plan goes out the door the second you step onto the field of battle.  Conditions change, capabilities are lost, [...]

• Buy Your Winners: Postmarket Update
  Posted by Leigh Drogen on October 13th, 2009 at 5:55 pm, Comments: 0

  Much like when I stepped onto the ice last night, I came into the office this morning feeling like shit.  I hobbled all the way from the subway and just felt like crawling into a hole.  By the end of the day though the pain in my leg was no longer bothering me and my [...]

• I Smell Melt Up: Postmarket Update
  Posted by Leigh Drogen on October 7th, 2009 at 9:27 pm, Comments: 0

  It’s approaching the 9 o’clock hour here in NY and the $USDX is getting an old fashion beat down in the evening session.  The $AUDUSD is up greater than 1.2% already.  As you know I am positioned long CAD and short GBP against the US Dollar.  Both positions are showing me a nice profit, and the [...]