I’ve previously explored the nuances of DBC and XLB in detail. It was actually something of a horse race for those 2 issues today and one of the nice features of the freestockcharts real time BATS feed is that you can watch all these metrics adjust on a minute by minute basis during the day. When used in conjunction with the Lazy Man chart template the metric template provides a clear portrait of intraday leaders and lagers, even for old geezers like me. As previously posted, I was expecting XLB to shine when a rally took hold and we weren’t disappointed today. We are seeing a slow migration of price back into the > 3 day MA column, but weakness continues in some of the majors, including the Qs and IWM. DBC has the best 5 day price trend relative to the market and may well lead XLB for the short term.
