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Powershares

Commodities short term bear long term bullHi all, Just a quick post to say: - I have been watching diversified commodity indexes recently as they provide meaningful diversification in any portfolio (generally a small % allocation is recommended) . - Over the past 9 years (as you can see) this has been in a strong and long-lived bear market. The bottom must be somewhere, below $13 is a good candidate for the bottom - and I will be a buyer at these prices. - Recently Iron ore, Palladium, Crude have been on a rally - which shows that there are signs of life at least. - Generally, commodities have been on a steep losing streak - which is even more drastic if inflation if considered - but rest assured that commodities both have value and are undervalued. I see Commodities as a valuable hedge against inflation / devaluation / debt crisis. All of these scenarios are taken increasingly seriously and are more than the ramblings of outsiders. In a crisis,when the banks and markets freeze up, those things with real-life immediate utility value will appreciate. Discussing financial shocks with a friend from an emerging economy recently, they described how their family stayed afloat by entering (when the writing was on the wall but the chips hadn't yet fallen) a contract for physical delivery of key consumer commodities. These were repackaged and then sold to the local community at the market price of the day. The lines were long and demand outstripped supply. Despite significant currency devaluation, extreme uncertainty, and social upheaval demand for basic necessities remained - as will be the case in all current and future crises. In a world that is in the grips of a major unfolding debt crisis I want at least a portion of my portfolio in things that you can "hold in your hand." Now, you can't hold an ETF in your hand. I will be buying physical precious metals (bullionstar dot com in Singapore) as no other commodities are really value dense or non-perishable enough for storage outside of specialised facilities. I intend to allocate 5% of my portfolio to this ETF below $13. Wish me luck
AMEX:DBCLong
by flyinkiwi10
Potential Bearish Crab on PowersharesPowershares is showing signs of potential bearish crab pattern. The PRZ is measured from A to X leg at the 1.618 extension level at price $96.23. Even though there is naked structure around $96.28 kill zone, There is confluence at $96.28 at the 3.618 & 1.618 extension level. This should act as resistance. If this plays out, we should see a good rejection which would lead to Powershares taking a nice pull back into X where there is previous structure support. ****************************************************************************** For inquires of education, live trading room, or prop trader funding email epicdaytrading@gmail.com Skype: epicdaytrading PH: +1 940-448-0281 ******************************************************************************
NASDAQ:QQQShort
by Yuba_Tamazgha
Intra-day Bearish Gartley, with a hint of Bat There's a potential gartley showing up. If C leg can make it up to $92.68-$92.74 we may see reversal in price upon the completion for an intra-day trade. For longer term, price action may trade down to 91.08 to complete a Bat pattern. There's strong structure around $91.42-$91.13. The Bat pattern would make for a perfect retracement back to the trend line, if you happen to draw a trend line. ****************************************************************************** For inquires of education, live trading room, or prop trader funding email epicdaytrading@gmail.com Skype: epicdaytrading PH: +1 940-448-0281 ******************************************************************************
NASDAQ:QQQShort
by Yuba_Tamazgha