Posts Tagged ‘USDX’

• 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 [...]

• Making a Call On the US Dollar
  Posted by Leigh Drogen on February 28th, 2010 at 11:28 am, Comments: 0

  This week I began to explore the idea that the US Dollar $USDX may be topping out on a short term basis.  After surging to new highs last Friday, the dollar gave it all back and proceeded to chop around this past week.  Remember, we are still trading above rising 20, 50, and 200 day [...]

• Frying In A Hot Vat of Tech
  Posted by Leigh Drogen on January 12th, 2010 at 12:29 pm, Comments: 0

  It was very obvious yesterday morning that we were overbought, the sentiment was too bullish, and some pain needed to be felt.  I said as much on Sunday night, I told you all that I didn’t like the fact that I was skipping over lower beta names out of fear of a melt up.  EVERY [...]

• SPY / USDX Correlation
  Posted by Leigh Drogen on January 6th, 2010 at 11:41 pm, Comments: 0

  An excellent chart was posted by @VPgradient today which looks at a running correlation between the US Dollar and SPY.  I did a little writeup on the Chart.ly Blog about it, I highly encourage you to take a look.  We are seeing a shift in the correlation, and you better be aware because the trend [...]

• Goldman Sachs and Finnies Steamrolling the Market
  Posted by Leigh Drogen on January 5th, 2010 at 12:41 pm, Comments: 0

  It was pretty obvious how these past few weeks were going to play out.  Tech is a little tired, there are a few weak sectors, materials are flying again due to a halt in the $USDX rally, but it’s the financials that are leading this market higher.  After spending almost 6 months in a coma, [...]

• The Gold Trade
  Posted by Leigh Drogen on December 23rd, 2009 at 1:47 am, Comments: 0

  http://leighdrogen.com/files/2009/12/longgold.PNG

• 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 Technical Cross Roads
  Posted by Leigh Drogen on December 15th, 2009 at 10:19 pm, Comments: 0

  I find it interesting how technical patterns often come to a point of resolution as major fundamental news is released.  This is true for assets across the board.  Tomorrow’s FOMC announcement once again comes as we are at a cross roads in several different assets.  Tomorrow’s announcement will kick off the next leg in several markets, [...]

• 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 [...]

• Back to the Bottom (of the range)
  Posted by Leigh Drogen on December 8th, 2009 at 8:53 am, Comments: 0

  I’ve been warning you for a few weeks now that momentum in the market has stalled out.  Many weekly time frames were looking ripe for a pull back if not a complete end to the rally, see $AAPL.  Market leaders have been slowing getting picked off, one by one, like apples from a tree.  Traders [...]