ytdreturnsasofjuly15CLICK ON CHART TO ENLARGE

The S&P 500 has been pretty quiet so far this year, up just 3%. The same can’t be said for Gasoline or Coffee!

Do you believe in the idea of “Buying Low & Selling Higher?” This post today looks at the Year-to-Date best and worst performing assets.

The chart below updates the current status of Gasoline ETF UGA

ugabreakingsupportjuly15CLICK ON CHART TO ENLARGE

The strong move up this year took UGA so far stopped on a dime at the top of this rising wedge and its 38% Fibonacci retracement level. Of late UGA has been soft, breaking below the bottom of the bearish rising wedge formation. Earlier this year Premium & Sector members bought UGA at the end of January and harvested gains after a nice rally.

What does the weakest asset YTD look like?

coffeesupportbullishfallingwedgejuly1515CLICK ON CHART TO ENLARGE

Coffee conditions in December of 2013 – Coffee hit 12-year rising support, momentum was oversold and few investors were bullish Coffee after it had declined almost 65% in two years . What happened next? Coffee doubled in 90-days!

Current Coffee conditions – Coffee’s decline has taken in down to a rising support line that has been in play since 2002, it looks to have formed a bullish falling wedge with momentum oversold. Bullish opportunities look to be in play should Coffee buyers step forward and break overhead resistance.

Even though the S&P 500 has been quiet this year, many assets have had big moves, such as Gasoline. Did you realize that Crude Oil and the Yield on the 10-year note both rallied over 30% this year in short periods of time?

If buying low and selling higher is of interest to you, I would honored if you were a Premium of Sector/Commodity Sentiment Extreme member.

Click below comparison of Premium -vs- Sector/Commodity Sentiment Extreme membership

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