Posts Tagged ‘$TLT’

• Momentum Book Update
  Posted by Leigh Drogen on June 26th, 2010 at 4:47 pm, Comments: 0

  Another week of completely bipolar market action better left to the day traders.  As opposed to last week where we went only up, this week there were no bids in sight.  Staying disciplined to your strategy at this time is so incredibly important.  Not only do us swing traders have to fight the urge to [...]

• Long The Long Bond
  Posted by Leigh Drogen on June 22nd, 2010 at 3:52 pm, Comments: 0

  I bought 25% of my book in TLT today at 97.96.  Although that sounds like a lot, the risk is extremely low as the trade would have cost me less than .4% of total account values had it gone against me and stopped me out, it’s a slow moving asset. The long bond is breaking [...]

• Things Are Getting Interesting
  Posted by Leigh Drogen on June 11th, 2010 at 11:34 am, Comments: 0

  Things are starting to get interesting here.  I’m seeing more quality setups cross my screens as relative strength names form nice bases while the major indices chop around the last few weeks.  Up until yesterday, I had zero interest in being involved in this market on the long side, but this morning I started to [...]

• Narrow Range
  Posted by Leigh Drogen on January 25th, 2010 at 7:21 pm, Comments: 0

  Quick post tonight, but I want to comment on slew of different stuff that I’ve neglected to speak about. We closed a penny away from VWAP on the $SPY today, no coincidence.  Today was the epitome of wait and see, traders are playing some serious chicken.  Don’t be the first to move, wait for the winner [...]

• 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 [...]

• Golden Opportunities
  Posted by Leigh Drogen on November 3rd, 2009 at 7:14 pm, Comments: 0

  I’m seeing some extreme indecision in the market, which makes sense at this point.  The dip buyers failed, they did, and they know it.  The shorts never came in, they decided took keep what was left of their dignity and sit this one out.  Unlike the last few dips there are no short sellers this [...]

• The Credit Time Machine
  Posted by Leigh Drogen on November 2nd, 2009 at 4:32 pm, Comments: 0

  I can feel the tide turning, I don’t like it because it forces me to shift gears and puts my strategy in no man’s land until a new trend emerges.  But to ignore the facts would be criminal to my P&L, which has taken a hit as this trend has ended.  I still see opportunity [...]

• Things Getting Loonie: Morning Take
  Posted by Leigh Drogen on October 9th, 2009 at 9:34 am, Comments: 0

  The $USDCAD got crushed last night, it is now in full breakdown mode.  Close attention needs to be paid to crude $CL_F now, its action over the next week will give us a lot of insight as to how crude is going to trade for the next few months.  Either we will see crude follow [...]

• Kick in the Nuts: Postmarket Update 9/1/09
  Posted by Leigh Drogen on September 1st, 2009 at 5:30 pm, Comments: 0

  For only the second time in SEVEN WEEKS the dip buyers got kicked in the nuts today.  Bulls couldn’t hold the declining 5 day moving average in the SPY and we rolled over hard after topping out at 10:10 this morning.  A lot of interesting stuff happened today, so we’ll take it one at a [...]