Marc Chaikin: Energy Stocks Tend to Outperform in the Next 3 Months

The next three months are seasonally strong for the energy sector, according to legendary market chartist Marc Chaikin.
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The next three months are seasonally strong for the energy sector, according to legendary market chartist Marc Chaikin.

Chaikin made the comments in an exclusive one-hour webinar with TheStreet's founder and Action Alerts PLUS portfolio manager Jim Cramer. 

"Seasonally, energy stocks over the next three months, from August 21 through November 21, the second strongest group. Technology and energy outperform of the last 10 years dramatically in this period," Chaikin said. "There's been a lot of sector rotation out of energy in July and August. I think this is the ideal time to be buying marathon."

Cramer's charitable trust owns shares of BP (BP) - Get Report , which boasts a dividend yield of almost 6%.

To watch a replay of the Cramer-Chaikin webinar, click here.