Gary Tanashian is proprietor of Biiwii.com. Actionable, hype-free technical, macro economic and sentiment analysis is provided in the premium newsletter Notes From the Rabbit Hole (http://www.biiwii.com/NFTRH/subscribe.htm). Complimentary analysis and commentary is available at the 'Biiwii Blog'... More
This ETF was noted at the end of a typically cautionary post in late May as being a vehicle that one might take a look at for some end of rally upside. Recall I had no personal interest however, as I was more focused on preserving gains than adding to them in a high risk enviro.
Then came the update as DBC approached the target above the SMA 200. Now, the downturn. I owe DBC's late starter status to its heavy concentration in Jim Rogers' beloved oats and grains.... and gold, which should be cranking it up right about here to break out of those flags in ratio to all this other stuff.
I drew some green support lines on the chart but I am totally disinterested in this thing because I am disinterested in commodities, other than my short in oil.
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DBC Updated Again 0 comments
This ETF was noted at the end of a typically cautionary post in late May as being a vehicle that one might take a look at for some end of rally upside. Recall I had no personal interest however, as I was more focused on preserving gains than adding to them in a high risk enviro.
Then came the update as DBC approached the target above the SMA 200. Now, the downturn. I owe DBC's late starter status to its heavy concentration in Jim Rogers' beloved oats and grains.... and gold, which should be cranking it up right about here to break out of those flags in ratio to all this other stuff.
I drew some green support lines on the chart but I am totally disinterested in this thing because I am disinterested in commodities, other than my short in oil.
Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.
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