Its been obvious for a while that the record bad weather this winter has given the energy sector a real push and I mentioned the possible crop apocalypse this summer...with food prices already rising on grocer's shelves in milk, meat, cereals, honey, etc. How to play the game?
I've talked about DBA (the agriculture ETF) previously and here's a little setup on M3 looking at the relative momentum in SPY, XLE and DBA.
Just go right to the last chart....what a ride!!!!....and it may not be over yet.
