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All the commodity sector is getting spanked


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#1 Chilidawgz

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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?


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#2 fib_1618

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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


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#3 Chilidawgz

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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
When The Time Comes To Buy or Sell, You Won't Want To - Walter Deemer