Commodity Rip

We'll have to see how they close them but commodites are on fire with more break-outs in the sector that we've seen in a while -- and note divergence with financials (XLF) and commercial real estate (IYR) asleep, and treasuries bleeding. Obviously, this is an inflation trade and it will be interesting to see how long it lasts. Ride the trend in the commodities -- here are some charts.

Metals:



Oil Service:


Crude:


And the poor Treasuries:


Gold lagging -- let's see if they catch up.


Update: today was one of the clearest change of leadership days we have seen in a long time. One day a trend does not make -- however, if we get continuation on Monday then it's a good bet we're going to get a very good run in the commodities with money flowing from the REITS and financials into metals, ags, coal, and oil.