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: 56.60 -0.53 -0.93%) and Materials Select Sector SPDR (XLB: 32.44 -0.11 -0.34%) 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 Here is the rough transcript for today’s video … http://blogs.uncommonwisdomdaily.com/red-hot-energy-and-gold/files/2009/10/uwd195.pdf ...
- Agricultural Commodities Break Out! Good news for Red-Hot Commodity ETFs subscribers … RCE subs...
- Chart of Crude Oil — Bullish! As promised to Red-Hot Commodity ETFs subscribers, here is a...
- Coppock Guide — New Bull or Fakeout? There were stories all over the news yesterday about how...
- Gold ETFs Are Loading Up Exchange-traded funds backed by precious metals saw record inflows at...
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