Posts Tagged ‘RAX’

• Market Update
  Posted by Leigh Drogen on March 5th, 2010 at 12:15 pm, Comments: 0

  I’ve been rather lazy about giving short market updates lately, I’ve got a ton of other stuff going on so the videos at night have been better for my schedule.  As well, you haven’t seen any charts here, mostly because they are all on Chart.ly, make sure to be checking in there on a daily basis [...]

• 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 [...]

• Major Day of Winship
  Posted by Leigh Drogen on February 18th, 2010 at 12:46 am, Comments: 0

  You won’t normally catch me doing two things, rooting for stocks (in either direction), or patting myself on the back for making good calls.  But….just as it’s always useful to slap yourself on the wrist for deviating from your trading plan, or making a bonehead mistake, reinforcing sound trading and good achievement is positive and [...]

• 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 [...]

• Momentum Book Update
  Posted by Leigh Drogen on January 15th, 2010 at 5:48 pm, Comments: 0

  An interesting week it was indeed.  We came in on Monday to see the market ripping, it was frothy, and everyone knew it.  Problem was that few were willing to sell into the strength, myself included, for fear of missing out on a melt up move.  I hung on, took some pain, and added a [...]

• Momentum Book Update
  Posted by Leigh Drogen on January 8th, 2010 at 7:07 pm, Comments: 0

  The momentum book under performed a little bit this week as I am heavily loaded in tech and not exposed enough to the materials sector.  Large cap tech is taking a rest here after its amazing run.  Are we topping out or consolidating for the next push?  I feel its the latter and not the [...]

• 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 [...]