Follow Through/Leaders Chart

Monday, February 11, 2008

DBC- Worth a Look

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O'Neil and his research team has not officially released how ETF's trade with CANSLIM rules, today's IBD featured DBC in the Exchange Traded Funds section, because it had all the great qualities of a CANSLIM stock. Flat base breakout on 2x average volume, record demand and price levels  for wheat and other commodities, and great relative strength compared to the major indices. In fact, according to the article, commodities are not directly correlated with the market, which makes DBC an attractive buy during this choppy, correcting environment. Here's DBC breakdown:

Crude oil 31.8%

Heating oil (18.69%)

Wheat (14.88%)

Corn (12.76%)

Aluminum (11.84%)

Gold (10%)

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