Commodities down again, market tries to rally

Commodities got knocked down again today, along with many of the commodity related stocks that seem to have been in a bubble. I had been suggesting for some time that jumping on the commodity momentum bandwagon could turn out ugly. Many analysts have been saying that commodities and short dollar plays are where one should…

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Stocks lower, oil and gold higher, grains continue down

Just a quick post tonight. It’s late. There was a summer picnic on a very nice, sunny but cool summer evening in the Northwest. The S&P etf chart to the left shows the momentum divergence at the extremely oversold level from last week. I had hoped prices would recover back up to the declining moving…

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