Commodity Bubble is not Over, but

The commodity bubble will not end until interest rates, especially short term rates rise measureably,  ie Fed Funds over 5 %,  however we are seeing the start of an estimated 30 percent trading decline in the grain and oil market.  This will take oil down to around 88 dollars, gold to 725, and corn to 4.25.

DUG is a short energy ETF, 2:1 leverage that I like to use.

This should provide support to the buildup of a top formation in the stock market, we are now looking at a trading range of 1405 to 1440 on the S&P 500, 1419 currently. Todays high is close to the short-term swingpoint, so be cautious.

1:50 PM CDT

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