Although todays situation on chart of uranium etf shares is not positive, these shares offer nice option how to invest in commodities.
I like Uranium as commodity play. I think it is not possible to generate enough energy for our world without nuclear power plants. And this commodity could be boosted by big demand in future.
China ETF, India ETF and Russia ETF are very popular international ETF . They were really hammered during last weeks. Recent movements only signalize possible prolonged weakness in emerging markets ETF.
I plan to trade these international exchange traded funds based on my ETF trading strategy. It tells me now to be careful and wait for good pullback to consider new short entries in these international ETF shares.
Today’s situation with commodity exchange traded funds is quite bearish.
But one of them is very different. It is agriculture ETF for Livestock Subindex – COW. It presents quite bullish price action. I plan to monitor it as I think that it can go up when we will see some pullback in commodity sector.
I mentioned few days ago that situation with commodity exchange traded funds looks very bad for bulls. It proved right and commodities declined a lot.
Precious metals ETFs were also hit and not only gold ETF or silver ETF. Also Platinum etf and Palladium etf declined a lot.
Current situation is not case to buy something in commodity area. I prefer to monitor situation and be in cash now.
My regular technical analysis routine shows me that commodity ETFs are not in bullish situation. Broad commodity ETF – DBC – stock chart analysis shows that it is on critical support level .
And several other ETFs like Agriculture ETFs or Base metals / copper ETF are already in bearish situation. I am looking for more shorts in commodity ETF area.
There are several REIT ETF shares available for trading and for etf investments. First REIT ETF ishares funds were targeted to US real estate market.
Today there are also international REIT ETF shares available. Chinese real estate market is very hot and there is possible to trade it using REIT ETF shares on US stock exchanges.
I just described simple ETF trading strategy for Russell 2000 ETF. It includes leveraged Short ETF for this small cap index.
DBC, the commodity ETF , regained important support level. But situation is not bullish yet. I do not want to be long commodities etf shares right now.
I wrote one page about simple commodity ETF trading strategy I use in my trading.
This strategy I use also in my advisory services for portfolios of our clients.
I recently published page with description of several investment and trading ideas for these commodity etfs.
