Posts Tagged ‘ RGLD ’

Momentum Book Update

Another week of schellacking for long only strategies.  The market took a bath this week, led by materials and tech, which until Thursday morning made up about 2/3 of my portfolio.  I was playing buy the dip, it obviously didn’t work.  My cash position at the open on Thursday was south of 5%, I loaded [ READ MORE ]

Momentum Book Update

Oyyy, it was a tough week for long only strategies any way you cut it.  The market trapped the chasers with three major distribution days and then puked for two straight.  I made a calculated decision to lower my beta early in the week but didn’t significantly raise my cash level.  I still see many [ READ MORE ]

Grab Your Cojones and Buy Materials

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 [ READ MORE ]

The Gold Trade

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

Late Night Comedians Do Finance…Kind Of

I’m watching some late night television, I love John Stewart and Steven Colbert.  Frankly, John Stewart has more credibility than MSNBC, CNN, and Fox News combined.  Sadly, you’ll find more real news during this hour of television than you’ll find all day on cable news.   As a writer and performer Steven Colbert is far and away more [ READ MORE ]

Sunday Night Setups

A big week ahead as the next few days should provide clarity on several patterns in the broader market.  We are now back in sell the rip territory, if we break to the upside here off the bull flag I’m watching we could see a quick move north.  If the market rolls over here as [ READ MORE ]

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