On Tuesday, I posted a video called 2 Secret Bull Markets – And How You Can Trade Them. If you have trouble watching the videos, I posted the transcript here. The two bull markets I was talking about are energy and basic materials, and I used the Energy Select Sector SPDR (XLE: 58.47 0.00 0.00%) and Materials Select Sector SPDR (XLB: 33.16 0.00 0.00%) as examples of ways you can trade those markets. Let’s look and see how they’re doing …
You can see it’s doing well. I recommended another, different, energy sector ETF to Red-Hot Commodity ETFs subscribers, and it’s doing even better, but still, the XLE is nothing to sneeze at. If you haven’t bought it yet, you might want to wait for a pullback to the 10-day moving average.
Now for the XLB …
Here we see some real opportunity, because, though it gapped higher, the XLB hasn’t broken through overhead resistance yet. You could buy now, or again, wait for a pullback to the 10-day moving average.
To be sure, a big dip could come tomorrow or even later this afternoon. Don’t feel rushed into anything.
Despite the market’s malaise today, all three picks I gave Red-Hot Commodity ETFs subscribers yesterday are doing well. So, it’s a good time to be in Red-Hot Commodity ETFs.
Related Posts
- Two Secret Bull Markets Rough Transcript (10/13/09)
- Coppock Guide — New Bull or Fakeout? (06/02/09)
- Secret Value in the Energy Sector Transcript (06/02/09)
- Rudderless Markets and More Thoughts on AIG (03/17/09)
- Gold Update (07/30/09)
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