Posts Tagged ‘PEGA’

• Momentum Book Update
  Posted by Leigh Drogen on February 20th, 2010 at 4:54 pm, Comments: 0

  The market is one again trading above rising 20 and 50 day moving averages, a huge feat.  I had expected serious resistance up around the 20 day moving average which we blew through in short order.  Consolidation of this move is still warranted as we are in overbought territory short term.  The $SPY stochastics are reading [...]

• Momentum Book Update
  Posted by Leigh Drogen on February 13th, 2010 at 5:59 pm, Comments: 0

  It was a frustrating week for the bears.  Several times it seemed as if all it would take to tip us over the edge was a hand full of sell programs.  After the major hammer from last Friday it seems that the bears have run out of ammo for now.  On the swing time frames, [...]

• Momentum Book Update
  Posted by Leigh Drogen on February 6th, 2010 at 10:10 am, Comments: 0

  Wow, if Friday didn’t get your heart racing then you shouldn’t be a trader, that was a lot of fun.  We may have seen an intermediate term bottom put in yesterday as the big boys bought materials in size going into the close.  Let’s start with Monday though when it seemed we may have escaped [...]

• Momentum Book Update
  Posted by Leigh Drogen on January 30th, 2010 at 2:19 pm, Comments: 0

  Another week of schellacking for long only strategies.  The market took a bath this week, led by materials and tech, which until Thursday morning made up about 2/3 of my portfolio.  I was playing buy the dip, it obviously didn’t work.  My cash position at the open on Thursday was south of 5%, I loaded [...]

• Momentum Book Update
  Posted by Leigh Drogen on January 23rd, 2010 at 11:17 am, Comments: 0

  Oyyy, it was a tough week for long only strategies any way you cut it.  The market trapped the chasers with three major distribution days and then puked for two straight.  I made a calculated decision to lower my beta early in the week but didn’t significantly raise my cash level.  I still see many [...]