The uptrend for emerging markets may be less impressive, but it exists. The current price of Vanguard Emerging Markets (VWO) is above its intermediate-term trend as well. (And that means... yes, you may want exposure.)
While stocks have been looking better -- while many risk assets are well above key moving averages (e.g., high yield corporate bonds, REITs, pipeline partnerships, emerging market bonds, etc.) -- there is a critical laggard. Specifically, Commodity ETFs aren't being scooped up.
A commodity break-through would lend support to the notion that a bull market is back. Higher commodity prices would signal greater demand from developed economies as well as the developing world.However, bearishness still persists. PowerShares DB Base Metals (DBB) is still 20% below its July 2011 peak. And its not just the metals. PowerShares DB Agriculture (DBA) is below its 50-day moving average. In fact, Green Haven Continuous Commodity (GCC) demonstrates that the trend for aggregate commodity prices is down.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV