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 Energy Fund (DBE) and buy the Invesco DB Commodity Index Tracking Fund (DBC). DBE was sold because its rank in the model’s relative strength matrix fell below the threshold to remain a holding in the portfolio. In its place, the model added DBC as it was the highest-ranked fund in the matrix that was not already a holding in the portfolio.

DBC currently has a 2.29 fund score. On its default chart, the fund gave an initial buy signal in February and has consolidated between $20 and $23 since that time twice reversing up off its bullish support line at $20. DBC now sits one box away from giving a second consecutive buy signal with a double top break at $23.50. In addition to DBC, the model also has exposure to precious metals. Year-to-date (through 8/15) DBC Is down -8.15%.

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