Posts Tagged ‘XLB’

• Third Time The Charm?
  Posted by Leigh Drogen on April 26th, 2010 at 9:03 am, Comments: 0

• The Equity Rally End Game, Demand Destruction
  Posted by Leigh Drogen on April 6th, 2010 at 8:50 pm, Comments: 0

  I want to take a moment tonight to take a broader view of the market and ask, what would end this trend in equity appreciation.  My thesis continues to be that demand destruction caused by a surge in crude and other materials eventually puts the pinch on the consumer and topples the retail names.  Before [...]

• Get Ready to Load the Boat
  Posted by Leigh Drogen on February 23rd, 2010 at 7:06 pm, Comments: 0

  The market took a break today as expected, materials names were weak as the dollar moved up the better part of the day.  Goldman Sachs $GS continues to be the most important stock I’m watching, it tested that major 160 level this morning and was summarily rejected.  Buy some puts on Goldman as a hedge [...]

• Grab Your Cojones and Buy Materials
  Posted by Leigh Drogen on January 21st, 2010 at 12:03 am, Comments: 0

  Let’s begin tonight with a little chart review.  A few weeks back I posted a weekly look at the $XLB which was coming into long term resistance at the $35 level.  I said at the time that I though we were due for a rejection from that level, and that it would take a few [...]

• 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 [...]

• Gold and Materials Update
  Posted by Leigh Drogen on January 6th, 2010 at 11:29 am, Comments: 0

  Materials are running, there’s nothing secret about that.  Let’s take a quick look at where we are. We are now at a critical juncture in the materials sector $XLB, an area that has acted as both support and resistance on several occasions.  It’s amazing to think that the sector has now retraced the entire collapse [...]