Tuesday, January 5, 2010

Commodity ETFs for 2010

We computed the relative strength values of all commodity ETFs that trade in the U.S. We then sorted them according to two time periods: medium term (weeks) and long-term (months). This provides a great measure of oversold and overbought conditions - for any desired time frame.

Here are the results.

1. Long term, from most oversold to most overbought:



Only COW (agriculture) and DYY (powershares commodity double long) are oversold. The Elements RJZ is the most overbought, followed by the sweet ETF SGG (sugar)!

2. Medium term, from most oversold to most oberbought:


Note of the ETFs are really oversold in this timeframe. JJT is clearly overbought (tin). Note that JJT is screamingly overbought in the short term, with an RSI of 98+.

Please note also that we track all commodity ETFs and ETNs as one of our tracking live sites. You can clearly see which are the most overbought commodities in the charts there. LD (lead) has actually the top return in 2009.


(please click to enlarge)


Here the names of these ETFs:


Note: You may receive technical analysis and alerts of these stocks, sent automatically to you, by entering the symbols in the Technical Trend Analysis Tool, (powered by INO).

Please do your own due dilligence.

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