Posts Tagged ‘XRT’

  • Momentum Book Update
    Posted by Leigh Drogen on June 12th, 2010 at 11:25 am, Comments: 0

    Very quick again this week because I’m still not trading for the most part in this stupid tape.  I did put a note out Friday on this blog regarding the better action I’m starting to see.  I did nothing yesterday though and the market melted up into the close.  It’s all about the path of [...]

  • Momentum Book Update
    Posted by Leigh Drogen on June 4th, 2010 at 9:27 pm, Comments: 0

    Quick post this week as there isn’t much going on in my trading book these days.  After not trading at all since May 21st I took a long position in the US Dollar via $UUP on Thursday at the close.  That position was 20% of my book, very large, but that ETF hardly moves, so [...]

  • Long The US Dollar, Because….. It’s Going Higher
    Posted by Leigh Drogen on June 3rd, 2010 at 9:22 pm, Comments: 0

    I have no clue why the US Dollar $DX_F is going higher, nor do I really care, it could be one of ten thousands things.  What I do know, is that I see a classically bullish technical pattern staring me in the face and I’d like to make a couple bucks from it.  I took [...]

  • Momentum Book Update
    Posted by Leigh Drogen on May 30th, 2010 at 6:50 am, Comments: 0

    Ok, just to be fair, let me play devil’s advocate a moment regarding the health of this market, even on the shortest time frame.  The market is now back above a rising, if ever so slightly, five day moving average for the first time in over three weeks.  On the 10 minute chart, we’ve got [...]

  • Momentum Book Update
    Posted by Leigh Drogen on May 15th, 2010 at 10:06 am, Comments: 0

    Wild week eh?  Before we get to the action though, I want to talk briefly about an aspect of money management on the psychological side that few experience.  The momentum strategy I run is at the end of the day a relative return strategy.  I’m not shooting for an absolute return each year of 12-15% regardless of [...]

  • 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 [...]