We just released Thursday's Swing Trading Signals and I was struck by how many commodity ETFs are generating BUY signals. Most are energy related ETFs but there is a sprinkling of other types, as well.
Here is a preview of the list:
|DBC||POWERSHARES DB COMMODITY INDEX TRACKING FUND|
|DBE||POWERSHARES DB ENERGY FUND|
|GSG||ISHARES S&P GSCI COMMODITY-INDEXED TRUST|
|JJE||IPATH DOW JONES-UBS ENERGY SUBINDEX TOTAL RETURN ETN DUE OCTOBER 22, 2037|
|JJT||IPATH DOW JONES-UBS TIN SUBINDEX TOTAL RETURN ETN DUE JUNE 24, 2038|
|OIL||BARCLAYS BANK PLC IPATH EXCHANGE TRADED NOTES LINKED TO GOLDMAN SACHS CRUDE OIL TOTAL RETURN INDEX|
|OLO||POWERSHARES DB CRUDE OIL SHORT EXCHANGE TRADED NOTES DUE 6/1/2038|
|UHN||UNITED STATES HEATING OIL FUND, LP|
|USL||UNITED STATES 12 MONTH OIL FUND, LP|
Some of these ETFs are quite well known and some are rather obscure. Nevertheless, this is a signal that a resurgence in commodities is under way.
If you are a trader, you might want to look into a few of these. It sure looks like this sector is poised for a rally.
Disclosure: no positions