Tuesday, March 9, 2010

GSG -- Commodity iShares

This is a fairly liquid ETF that tracks the GSCI. While a lot of the stock indexes have taken on reverse head and shoulders type formations recently, the pattern on GSG resembles something more akin to a rising wedge. And now the pattern is starting to break to the downside. Perhaps a little early for this bear to get too excited, but the look of this, along with most of the other commodity indexes, points to anemic breadth in the pro-liquidity complex as a whole.