Posts Tagged ‘USO’
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Chop Fest: Postmarket Update
Posted by Leigh Drogen on September 30th, 2009 at 5:40 pm, Comments: 0I’m seeing so many people out there try and pick direction right now and they are all getting chopped up. The market is consolidating its gains over time as opposed to price, that is the most important thing you need to know. We continue to find support above 104 on the SPY which represents a [...]
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Rafa 500: Postmarket Update 9/29/09
Posted by Leigh Drogen on September 29th, 2009 at 5:56 pm, Comments: 0Bearish setups in the energy and material sectors are beginning to show. I’m long $CF, but I’ll look to get short $MOS below 48.15 or $POT below 85.50. $CCJ also looks like it could could see 22.50 in a hurry if it breaks 25.40. Equities within the energy sector still look strong, $XLE and $OIH components are a [...]
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Leigh Drogen is the founder and chief investment officer of Surfview Capital, LLC, a New York based investment management firm employing an intermediate term long/short momentum strategy. More »
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