Ag Down, Market Down…Metals Mixed

COMMODITIES RECENT RELATIVE PERFORMANCE UPDATE

Currently the stock market continues to outpace safe havens as well as inflationary concerns. As a long term metric this usually means that stocks are still in play and preferred over other alternatives. Right now note teh weakness in commods, however the pick up in treasury strength. Stocks are still short term OK but that lower shallow trend line was broken and could be short term casuse for concern with sideways action. A short term short straddle is best option right now.

COMMODITIES TRENDS

Group

ETF

Name

Trend

RSI with Trend

Metals GLD SPDR Gold Trust DOWN YES
Metals JJC DJ-UBS Copper TR Sub-Idx ETN Ipath UP YES
Metals PPLT Platinum ETF DOWN YES
Metals PALL Palladium ETF UP YES
Energy USO US Oil UP YES
Energy UNG US Natural Gas Fund UP YES
Energy KOL Coal ETF Market Vectors DOWN YES
Agriculture CORN Teucrium Corn Fund ETF DOWN YES
Agriculture WEAT Teucrium Wheat DOWN YES
Agriculture JO DJ-UBS Coffee TR Sub-Idx ETN Ipath DOWN YES
Agriculture SGG DJ-UBS Sugar TR Sub-Idx ETN Ipath DOWN YES
Agriculture NIB DJ-UBS Cocoa TR Sub-Idx ETN Ipath DOWN YES
Agriculture COW DJ-UBS Livestock TR Sub-Idx ETN Ipath DOWN NO
Agriculture BAL DJ-UBS Cotton TR Sub-Idx ETN Ipath DOWN YES
Trade smart,

Paul "Bulldog" Hudson, Chief Investment Officer
Darwin Investing Network