Diamond Member Pelican Press 0 Posted March 12 Diamond Member Share Posted March 12 Besides All-Time Highs, What’s in DBAs Basket? Not the first time I have given readers this list of leading indicators to watch for a potential rise in inflation: Last week we focused on . For the weekend, we focused on . The , also on the list, trades under 103 yet into support. Today, made a new all-time high. DBA tracks an index of 10 agricultural commodity futures contracts. Specifically, the underlying index includes corn, , , Kansas City wheat, sugar, cocoa, coffee, cotton, , feeder cattle, and lean hogs. Besides making new all-time highs, DBA is also outperforming . On Real Motion, momentum is picking up and has not been above the Bollinger band since July 2023. While momentum is not quite there yet, we imagine should it clear the BB, it will be significant as price should be a lot higher than current levels. Big picture, tied in with our analysis on sugar future and why they are a key barometer to predicting rising inflation, so is this ETF. ETF Summary S&P 500 (SPY) 510 pivotal-as in below could see more correction Russell 2000 (IWM) 205 area support to hold Dow (DIA) 385 support 400 resistance Nasdaq (QQQ) 435 key support Regional banks (KRE) 45-50 range Semiconductors (SMH) maybe ready to see levels back down to 208 Transportation (IYT) 69 area now support Biotechnology (IBB) 140-142 resistance 135 support Retail (XRT) 73 support iShares iBoxx Hi Yd Cor Bond ETF (HYG) 77 big number to hold (still) This is the hidden content, please Sign In or Sign Up [XAG/USD, S&P 500, US Small Cap 2000, US Dollar Index Futures #AllTime #Highs #Whats #DBAs #Basket This is the hidden content, please Sign In or Sign Up Link to comment https://hopzone.eu/forums/topic/1840-besides-all-time-highs-what%E2%80%99s-in-dbas-basket/ Share on other sites More sharing options...
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