More Than Meets The Eye
The indices, dollar, and a few other assets closed pretty close to flat, with little in the way of intra day action, but there was much more than meets the eye going on underneath. Several great breakouts took place today as the stock picker’s market continues with plummeting volatility. If you are a swing trader like myself, take advantage, this is when we shine. I picked up almost 80 basis points of alpha in the momentum book, an absolute return of almost 1% today in a flat market. Video below…
Leigh Drogen is the founder of Surfview Capital located in New York. Leigh runs a long / short momentum strategy which takes positions across several different asset classes.