Friday Outlook: Commodities, Emerging Markets

<< Return to page 1 - Crisis Half Over?































So, things must be better overseas right?






















Today we get employment data and that could put a nail in the coffin for those hoping for a miracle rally. Are things getting oversold? Sure, and we could rally smartly off the support levels outlined in many charts above.

The situation is not good period.

Let’s see what happens.

Have a pleasant weekend.

Disclaimer: Among other issues the ETF Digest maintains long or short positions in SH, MYY, IWM, RWM, TWM, PSQ, QID, RSP, DVY IEF, UDN, GLD, GDX, USO, DBC, DBA, DBE, DBB, UNG and EWZ.

Comments

[Pennington]

I'm looking at a 9 month chart of DBA with a 30-day EMA. Right now it looks a perfect buy signal if you look at each time in the chart the price has touched the curve.

I am totally inexperienced on this stuff, so why or how do I shoot holes in the idea this is a buy signal?

[David Fry]

I don't use that MA for my work and wouldn't provide a helpful response other than to say, you shouldn't rely on one indicator, it's how you combine everything together that bakes the cake right.

[whidbey]

You are correct in my view: A good analysis. We are in a long up trend in commodities. I would add water to your list. There will be pull backs of 25% or more, but the trend is in place and they average 15-19 years in length. I think the food issues are going to cause serious political problems what with the US government waste of corn and water to get ethonal. God protect us from Congress!