Monday, February 15, 2016

JO Coffee ETN Weekly and Daily Charts

Keystone continues to like coffee this year; grains also appear encouraging. JO keeps bouncing due to the positive divergence and then is dragged down with the broad market weakness and broad-based selling. Most every chart you look at paints an unenthusiastic path forward but coffee is a place worth exploring. Something like JO is probably a better place to park money than the consumer staples and utilities sectors. XLP and XLU will get slapped with the rest of the market in the weeks and months ahead but coffee already paid its dues.

The charts are very attractive the green lines showing the possie d that wants to launch price higher. JO can be used as a trading vehicle to make quick gains in short time frames and rotate in and out, or, simply park money in JO and let it sit there all year long. At the end of the year you will likely be happier than if you would let the money remain in the stock market. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

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