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. Despite weakness this is big given the fears in the marketplace right now. Take a look below and note the downside confirming momentum in almost all commods. The contrarian play is Cocoa and worth a look.
COMMODITIES TRENDS
Group |
ETF |
Name |
Trend |
RSI with Trend |
Metals | GLD | SPDR Gold Trust | DOWN | NO |
Metals | JJC | DJ-UBS Copper TR Sub-Idx ETN Ipath | DOWN | YES |
Metals | PPLT | Platinum ETF | DOWN | YES |
Metals | PALL | Palladium ETF | DOWN | YES |
Energy | USO | US Oil | UP | NO |
Energy | UNG | US Natural Gas Fund | DOWN | 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 | UP | YES |
Agriculture | COW | DJ-UBS Livestock TR Sub-Idx ETN Ipath | DOWN | YES |
Agriculture | BAL | DJ-UBS Cotton TR Sub-Idx ETN Ipath | DOWN | YES |

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