...Bounce 10% and still be in a downtrend.
DBC is the PowerShares Deutsche Bank Commodity Index Tracking Fund ETF; $24.32, up 17 cents, last.
From Slope of Hope:
Commodities Have Room to Recover
At the moment, the overall market is up 0.53% and I am down only 0.09%, which is thrilling for me since I am entirely short. It shows my shorts are not being overly prone right now to market strength, which is all I ask of my little guys.
Battered commodities do have room to roam higher. I don't entirely trust their ability to do so, so I'm probably just going to sit this one out. But, for the record.....
...MORE, including a completely baseless hunch.