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JimVanMeerten (58.46)

Sugar ETF look sweet



June 10, 2011 – Comments (0) | RELATED TICKERS: SGG

I was screening on Barchart for a commodity ETF with the best current momentum and noticed the
 UBS Sugar ETF (SGG) with 14 new highs and up 17.07% in the last month.

The Dow Jones-AIG Sugar Total Return Sub-Index (SGG)  is a sub-index of the Dow Jones-AIG Commodity Index Total Return and is intended to reflect the returns that are potentially available through an unleveraged investment in the futures contracts on physical commodities comprising the index as well as the rate of interest that could be earned on cash collateral invested in specified Treasury Bills. The Dow Jones-AIG Sugar Total Return Sub-Index is a single-commodity sub-index currently consisting of one futures contract on the commodity of sugar, which is included in the Dow Jones-AIG Commodity Index Total Return.

Barchart Technical Indicators:

1 - 60% Barchart technical buy signal

2 - Trend Spotter buy signal

3 - Above its 20 and 50 day moving averages

4 - 14 new highs and up 17.07% in the last month

5 - Relative Strength Index 67.72% and climbing

6 - Trades around 81.58 with a 50 day moving average of 74.64

General Investor Sentiment:

1 - On Motley Fool readers don't usually follow the ETFs they like to pick individual stocks but of the 59 readers that posted an opinion 88% were positive

2 - CAPS members voted 38 to 4 that the ETF would out perform the market

3 - The All Stars voted 14 to 3 for the same result

Summary:  When investing in ETFs price momentum is the major concern.  You have that in the UBS Sugar ETF (SGG)

Jim Van Meerten is a Marketocracy Master

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