ETF CORNER

GLD : A Gold bid !

Gold could catch a bid soon around $107.92 and start a bounce ! For those who are trying to buy some here I suggest you be careful with that blue line ... any close below it today and GLD will continue falling !

 

Commodities ETF : DBC,DBA,DJP,RJI,UCD

The targets for commodities are almost reached... (Click on this link) !

I would sell some and start to use protective stops on commodity ETF's : DBC,DBA,DJP,RJI,UCD.

Although commodity ETF could still have a little further to go in the remaining of 2009, I think that the easy money on the upside has been made !!

Update USO,DBC : Commodities and Oil ETF's.

Update on the last post ! I am bullish on Commodities since mid mid March click here !  Also bullish on Oil since mid march click here !  I will not turn negative on Oil & Commodities unless the diagonal support lines in the following charts of USO and DBC are broken ! I use USO and DBC as proxies for the other ETF's in the Oil & Commodities universe such as : RJI,DJP,DXO,UCO,UCD,USO,DBA,DBC,MOO,GSG,KOL,UNG etc...

Oil & Commodities : USO & DBC ... the trend is our friend !

Bullish on oil & commodities until the support line of this new uptrend is broken. The trend is your "amigo"..... for now ! That holds true also for the following ETF's(RJI,DJP,DXO,UCO,UCD,USO,DBA,DBC,MOO,GSG).