‘CRX (Commodity Index)’ Archive

Joe Friday…Commodities breaking support, US $ breaks out! Deflation???

CLICK ON CHART TO ENLARGE Many key commodities are breaking support, ranging from the CRB Index, Crude Oil, Commodities ETF (DBC) and Gasoline futures. This has my attention, due to this…the majority of the time Crude Oil & Gasoline have been soft, it may have been good for prices at the pump, yet it wasn’t [...]

Joe Friday…Commodity breakout has Ben and Bonds concerned!

CLICK ON CHART TO ENLARGE The yield on the 10-year bond has almost doubled since last summer. This interest rate rally has taken place after the CRX Commodity index bounced off  support on the pennant pattern above. The rally in rates has put recent downside pressure on the home builders, as they are down 20% [...]

Inflation gauge breaking out, cause more trouble in bond land?

CLICK ON CHART TO ENLARGE A wide variety of bonds have been under pressure since their May highs. This doesn’t just apply to Government bonds!  The above 4-pack reflects a cross section of bonds (Govt, High Quality Corp & Junk Bonds) that have been weak for months. Now each of these bond ETF’s are breaking [...]