Archive for December, 2009

Closing the Year, With Much Gratitude

It’s been one amazing year, in the markets, and for me personally.  I won’t go into the specifics of the market, ya’ll know what took place, if you don’t, I hope that time you spent in some Taliban safe house in captivity wasn’t too awful.  I hope you all learned a thing or two this [ READ MORE ]

Classic Bottom and Breakdown Patterns

A little trade review here today into the close.  I put on two swing trades today, a long in $GS and a short in $LVS.  Both are classic patterns with low risk entries, let’s review. This is a classic bottoming pattern in Goldman Sachs $GS.  On the chart you will see that the mid December [ READ MORE ]

Fear Your Cash, Hate Your Bank

I had a light bulb moment tonight.  I was walking down the street, freezing my butt off, thinking about a conversation I’d had with someone this afternoon.  The moment had been building up for some time, working its way to the surface, revealing itself it little bits and pieces, but tonight it hit me like [ READ MORE ]

the Good, the Bad, and the Churn

Oh the churn, don’t you all yearn for those days last fall when the market was trading like a schitzo who’d lost their meds.  I remember sitting at my desk saying, they all hate this now, but in a year when things are dead silent they’ll wish the $VIX was back at 60 again.  The [ READ MORE ]

Weekend Reading – Shared Experience

I’m not a holiday spirit kinda person, I find a lot of it to be way over the top.  Frankly I blame the consumerist nature of our society for putting the kibosh on my holiday spirit, it’s all about spending money on stuff people don’t need just so that they don’t say, why didn’t you [ READ MORE ]

Investible Emerging Market Momentum

As I pointed out in my emerging markets 2010 outlook, we’ve come a long way off the 08′ bottom.  Many names have or are moving in a parabolic fashion.  Patience will be key in finding good entries to many high flying stocks.  Use the 20 day moving average as your gauge, you don’t want to be [ READ MORE ]

Momentum Book Update

It’s been almost 7 weeks since I started the Surfview Capital Momentum strategy.  My cash position has been quite high throughout, ranging between 20 and 25 percent, but despite the high cash position, I’ve still gained over 320 basis points of alpha.  I feel better entries await for some of the high flying stocks I [ READ MORE ]

The Gold Trade

http://leighdrogen.com/files/2009/12/longgold[ READ MORE ]

Emerging Markets Into 2010

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. [ READ MORE ]

Weekend Reading

I ventured outside today for a total of about an hour, it’s brutally cold and nasty out.  I can’t remember the last time we saw a massive snow storm in NYC, the past few years have been crazy warm.  Believe me, I’m not complaining, I hate the snow unless I’m snowboarding.  For the retailers this is [ READ MORE ]

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