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Exercise #7
4.) Evaluate the chart of the Continuous Commodity Index (UV/Y) at Point 2.
Which of the following strategies would be most appropriate?
Your answer was B. UV/Y has already bounced from its lows so
now would be a good time to take profits in ETFs based in commodities.
That is incorrect. While the UV/Y chart has in fact bounced, the trend
recently changing to positive suggests that commodities in general are on I-95 North and thus we would want
more of a long focus here rather than taking profits.
Go back to the question.
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