Wait For Consolidation
Get out your pens and pencils because I’m moving quickly this morning through a bunch of names. The market is still overbought short term and needs time to rest. Crude also needs to pull back, those stochastics are reading above 99. I think materials take show some relative weakness over the next few days and then I would be looking to buy the oil service and tech names.
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.