Nasdaq Dorsey Wright

There is a change to the Invesco Commodity Model (POWRSHARES) this week.

There is a change to the Invesco Commodity Model (POWRSHARES) this week: sell the Invesco DB Agriculture Fund (DBA) and buy the Invesco DB Energy Fund (DBE). DBA was sold because its rank the model’s relative strength matrix fell below the threshold to remain a holding in the portfolio. In its place, the model added DBE as it was the highest-ranking fund in the matrix that was not already a model holding. DBE’s technical picture has improved significantly over the short-term as the fund reversed into a column of Xs and gave a buy signal on its market RS chart in the last 10 days. DBE now has a favorable 4.67 fund score, which is 1.39 points better than the average for all energy and natural resources funds, and a positive 4.41 score direction. On its trend chart, DBE returned to a positive trend earlier this month and in last week’s trading broke a spread quadruple top at $20.50, taking out resistance that had been in place since April 2024. Year-to-date (through 6/20) DBE has gained 11.32% on a price return basis; the fund also carries a 6.75% yield.

In addition to DBE, POWRSHARES also has exposure to precious metals. Year-to-date, the model is down -3.35%.

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