IBB
297.64
+1.12
+0.38%
 
AAPL
143.65
-0.14
-0.10%
 
TVIX
30.91
-9.97
-24.39%
 
XIV
75.09
0.00
0.00%
 
TNA
108.69
-4.4
-3.89%
 
TZA
17.27
+0.64
+3.85%
 
UVXY
14.18
-0.02
-0.14%
 
NASDAQ
6047.61
-1.33
-0.02%
 
S&P500
2384.2
-4.57
-0.19%
 
NYSE
11536.08
-42.44
-0.37%
 
IBB
297.64
+1.12
+0.38%
 
AAPL
143.65
-0.14
-0.10%
 
TVIX
30.91
-9.97
-24.39%
 
XIV
75.09
0.00
0.00%
 
TNA
108.69
-4.4
-3.89%
 
TZA
17.27
+0.64
+3.85%
 
UVXY
14.18
-0.02
-0.14%
 
NASDAQ
6047.61
-1.33
-0.02%
 
S&P500
2384.2
-4.57
-0.19%
 
NYSE
11536.08
-42.44
-0.37%
 

Bloomberg Commodity Index Signals Warning

On a weekly timeframe, the Bloomberg Commodity Index <BCI> is in the process of a lead-in phase of an overall bump and run bottom formation. The goal of the entire structure is to rebalance the auction to produce a reversal. What worries us is that the auction is not rebalanced and may lead to another bump phase, which would signal a retracement of the 1Q16 to present move. Deflationary times in commodities still persists and the recent iron ore crash may spur downside momentum.