IBB
335.11
-0.86
-0.26%
 
AAPL
155.98
-3.78
-2.37%
 
TVIX
8.67
-0.11
-1.25%
 
XIV
110.81
+0.89
+0.81%
 
TNA
66.32
-0.23
-0.35%
 
TZA
13.32
+0.05
+0.38%
 
UVXY
15.83
-0.24
-1.49%
 
NASDAQ
6605.067
-19.153
-0.2891%
 
S&P500
2562.1
+0.84
+0.03%
 
NYSE
12380.323
+9.303
+0.0752%
 
IBB
335.11
-0.86
-0.26%
 
AAPL
155.98
-3.78
-2.37%
 
TVIX
8.67
-0.11
-1.25%
 
XIV
110.81
+0.89
+0.81%
 
TNA
66.32
-0.23
-0.35%
 
TZA
13.32
+0.05
+0.38%
 
UVXY
15.83
-0.24
-1.49%
 
NASDAQ
6605.067
-19.153
-0.2891%
 
S&P500
2562.1
+0.84
+0.03%
 
NYSE
12380.323
+9.303
+0.0752%
 

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.