The summer duldrums are now in place. Oil is coming down off of its highs and what was once the leadership is now weighing on the general market. As a result traders will shift into Financials, cyclicals, and tech. The big insititutions will keep their 50% cash or so not buying into his market. I can't blame them, why should we buy now for the long run? The next few months will probably be boring.
looking at the following:
long WFR
holding FMCN
holding OMG
holding DUG
holding PBW
holding PPCO
holding PID
FCX, DBA, POT, XME, and AUY will come down and I will be looking to scalp near supports.
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All summer long..
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