The market started to rotate in early July to more conservative sectors and 
DBA is showing that agricultural commodities have been outperforming stocks.
The ratio
SPX / DBA made a lower high starting August and then just days later broke a key support level.
Then theDBA broke above a downward trendline.
Is this the start of new trend? At least it is in the short term.
The are some stocks in the food industry that are looking good like
TSN and $INGR.
Even
PPT is doing all time highs after a 20-year base!
DBA is showing that agricultural commodities have been outperforming stocks.The ratio
SPX / DBA made a lower high starting August and then just days later broke a key support level.Then the
DBA broke above a downward trendline.Is this the start of new trend? At least it is in the short term.
The are some stocks in the food industry that are looking good like
TSN and $INGR.Even
PPT is doing all time highs after a 20-year base!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.