Chris Vermeulen of The Technical Traders talks about what is going on with the markets. Are we in the late stages of a bull market for stocks? An indication of this is when commodities typically start to come to life and eventually outperform all other sectors and indexes.
Taking a look at the DBC, a commodity index tracking fund, the chart is rebounding after putting in a major bottom. On the Toronto Stock Exchange (TSX) chart, which is commodity-heavy, we are now on the verge of coming out of a double bottom that has occurred over the last few weeks. Looking at GDXJ, which is the Gold Miners, it appears that they are trying to put in a significant market bottom before breaking through the neckline. SILJ, the Silver Miners, have similar price action on their chart.
With these indicators of growth potential, the question remains – during the late-stage bull market for stocks, will commodities continue to strengthen and then take off to the upside over the next few months?
TO LEARN MORE ABOUT commodities – WATCH THE VIDEO
Subscribers: Please let us know what you would like to learn and we will add it to the roster of our weekly Technical Trader Tips!
Non-subscribers: Please enjoy these micro-lessons as a way to further your education and understanding of how a technical trader…well…trades!
TO EXPLORE THE Total ETF Portfolio, PLEASE VISIT US AT The technical traders. You’vE GOT MORE TO GAIN THAN TO LOSE WHEN SEEKING INFORMATION!
Disclaimer: None of this material is meant to be construed as investment advice. It is for education and entertainment purposes only. The video is accurate as of the posting date but may not be accurate in the future.