Thursday, January 27, 2011

Copper shorts

JJC is an ETF that supposed track Copper futures. 

Using my fancy dancy new Stockcharts membership, I plotted JJC and copper futures, and they do track each other well.

BOM could also be used, it is a double short on industrial metals, alum, zinc, copper.

What I like about BOM is that the MACD nailed the bottom

I cannot call to mind a single instance where I have ever been irreverent, except toward the things which were sacred to other people.
  - Mark Twain

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Insightful and Useful Comment!