Posts Tagged ‘SPX’

• SPX Gives Trend Buy Signal
  Posted by Leigh Drogen on September 17th, 2010 at 10:41 am, Comments: 0

  The $SPX gave a trend buy signal this morning when it broke through and made a new 55 day high.  This is the first buy signal since March 11 which was closed with a sell (but not a short) signal on May 4th.  See the chart below, the 55 day Donchian Channel is in blue, [...]

• Momentum Book Update
  Posted by Leigh Drogen on July 11th, 2010 at 9:48 am, Comments: 0

  Rough market.  Staying small and extremely agile continues to be of utmost importance.  It’s been almost three full months since more than 25% of my capital was allocated on either side of this market.  In that time I’ve lost about 1% of absolute return.  For a market down more than 15% from the top, I’ll [...]

• 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 [...]

• Bull Trap
  Posted by Leigh Drogen on January 12th, 2010 at 5:11 pm, Comments: 0

  Before the close today I made sure to get something across, through the twitter stream.  The last 30 minutes today was a big bull trap, there’s more pain yet to be felt.  Many issues are not yet at support, or haven’t come down onto the 50 day moving average where they should be bought.  I [...]

• Emerging Markets Into 2010
  Posted by Leigh Drogen on December 22nd, 2009 at 9:10 pm, Comments: 0

  As we approach the close of 2009, it’s hard not to laugh at what’s taken place in emerging markets this year.  After a complete flight from risk in 2008 which saw investors run for the hills (treasuries and the US Dollar), we’ve seen money pour back into emerging markets at a rate hard to comprehend. [...]

• A Look to 2010
  Posted by Leigh Drogen on December 16th, 2009 at 6:07 pm, Comments: 0

  StockTwits has organized a new stream of tweets focused on the symbol $TWENTYTEN for the community to make predictions and share their views about the year to come.  I encourage you to participate by writing a blog post or simply tweeting your predictions or views.  Just tag your tweet with the symbol $TWENTYTEN.  Nothing in [...]

• 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 [...]

• Running Out of Breadth
  Posted by Leigh Drogen on November 23rd, 2009 at 10:04 pm, Comments: 0

  Like a less talented, smaller, slower team, the market is just hanging around, scrapping and clawing to stay in the game.  Teams like this are dangerous, it’s anyone’s game in the waning minutes.  A big push up above 1120 with volume on the $SPX and I wouldn’t be surprised to see another round of buying [...]

• Pick Your Battles
  Posted by Leigh Drogen on November 13th, 2009 at 12:37 am, Comments: 0

  You haven’t heard much from me lately, there’s a good reason.  No, I haven’t been off surfing in Costa Rica, or indo, or some other exotic locale, I’ve been right here at my desk.  Part of being a good trader is knowing when, and when not to trade.  I honestly don’t have a good hook [...]

• USDX to 71.31: Postmarket Update
  Posted by Leigh Drogen on October 6th, 2009 at 7:47 pm, Comments: 0

  The market can be so incredibly boring for days on end, and then turn around and smack you in the face with ten thousand things at once.  One of the things that I strive to improve on every day is my ability to filter the information I need from that which makes it harder to [...]