• 657 days Will The ECB Continue To Hike Rates?
  • 658 days Forbes: Aramco Remains Largest Company In The Middle East
  • 659 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,059 days Could Crypto Overtake Traditional Investment?
  • 1,064 days Americans Still Quitting Jobs At Record Pace
  • 1,066 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,069 days Is The Dollar Too Strong?
  • 1,069 days Big Tech Disappoints Investors on Earnings Calls
  • 1,070 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,072 days China Is Quietly Trying To Distance Itself From Russia
  • 1,072 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,076 days Crypto Investors Won Big In 2021
  • 1,076 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,077 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,079 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,080 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,083 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,084 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,084 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,086 days Are NFTs About To Take Over Gaming?
The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

  1. Home
  2. Markets
  3. Other

Matching Up Apples to Apples

5/18/2008 11:20:28 AM

Welcome Subscribers

Market Outlook/Potential Opportunities:

Sunday Breifing

Matching Up Apples to Apples

Some ETF's do not have a lot of historical data yet. If they are commodity based, then you can look at the commodity itself and get a glimpse of what the ETF might do. A good example is the trade we made in COW. Now if you ever traded the meat markets, you know that they are probably the toughest markets out there to trade. I would not recommend a futures position in any of them. But looking at the futures does lead me to believe that COW could go higher, even if we are a little bit behind on the trade. Another example of this, and one ETF that I am watching is Powershares DBA grains. It is looking like a possible buy here at 36.90. Now looking at grain prices, it appears that soybeans are poised to move higher, but corn, wheat, rice and oats are not. Still I am watching this trade to see how it unfolds.

Trade Actions:

I have four new recommendations for today.

Remember the last article on PAL. I know it would be nice to buy at our price, but I am going to recommend buying one position @ the market. It is trading @ 6.74. We will then add a second position @ 5.75 or better. I normally do not like to average down on trades, but the price and potential on this ETF warrants that we do this.

Another commodity ETF is flashing a buy. We need to buy Claymore CGW Global Water @ the market. There is all this talk of a water shortage. The charts are telling me that there might be something to this story.

Powershares DBB Base Metals. We want to be a buying on a Limit Order of 25.60

Xshares Healthcare HHJ Emerging Cancer. We want to have a Buy Stop at 16.50. If it breaks above that level, it should move up very good.

Stay the course on NRL and EWT.

Any questions and you can contact me at bill@stockbarometer.com.

Thank You

 

Back to homepage

Leave a comment

Leave a comment