ETF CORNER

DBC : Commodities ready to rally

TLT / DBC : Week end musings

SPY/DBC : Commodities near resistance

Hi folks, back from vacation. I feel more tired than anything else.. i guess white wine (Chablis,Sancerre) etc .. and lots of sun don't mix well.

Back to work and much more sober note ....

The SPY is still in the process of huge head IMO.

What i would suggest everyone to keep their eyes on is the resistance on DBC that i've drawn below.

I suspect the SPY will stop it's ascent and start to roll over on the downside once we get to that resistance level on DBC. Watch how it did in the previous instances.

The big surprise was how bad the EUR/USD rallied vs all other commodities. I guess the EUR/USD could crash once DBC start to pull back again ...

Anyways, here is the chart of SPY vs DBC.

I'll be back tomorrow with more charts and a few pictures of my vacation in the French Riviera.

 

 

DBC : A thin red line !

I posted that magnificent head and shoulders on DBC, that worked wonders (Click Here).

I suspect that once we get commodities up to that thin red line, there will be another round of selling. Enjoy the rally while it lasts ....