Jump to content



Photo

All the commodity sector is getting spanked


  • Please log in to reply
2 replies to this topic

#1 Chilidawgz

Chilidawgz

    A fool and his money... (the second mousie gets the cheese)

  • Traders-Talk User
  • 5,273 posts

Posted 29 April 2021 - 11:32 AM

Seems only Oil/XLE have a small amount of strength. I am getting a sense we are gonna get a selloff soon in the broader market?


Anything can happen...what's happening now?
No one can forecast the future. No one.
 
All stocks (ETF's) are BAD...unless they go up - William O'Neil
 

#2 fib_1618

fib_1618

    Member

  • Traders-Talk User
  • 9,277 posts

Posted 29 April 2021 - 05:39 PM

Not seeing it here...DBC and the CRB continue to trend higher...so does WTIC.

 

That said, below is the Energy Sector advance/decline line through last weekend to ponder.

 

Fib

 

breadthxle042321.png


Better to ignore me than abhor me.

Wise men don't need advice. Fools won't take it. - Benjamin Franklin

Technical Watch Subscriptions



 


#3 Chilidawgz

Chilidawgz

    A fool and his money... (the second mousie gets the cheese)

  • Traders-Talk User
  • 5,273 posts

Posted 29 April 2021 - 07:39 PM

Fib, I was just referencing today's action, it seemed across the board the commodity stocks I follow were weak as opposed to the broad market. With all this talk of inflation (money printing), it seems strange. We shall see. Stay tuned :)


Anything can happen...what's happening now?
No one can forecast the future. No one.
 
All stocks (ETF's) are BAD...unless they go up - William O'Neil