Conclusion, Investment Implications, Strategy

The Physical Platinum Shares ETF (PPLT) is in the midst of a February, according to its 200-day moving average, amid an Oct 18th trend of relative outperformance versus the S&P 500 (SPY).  Together, these factors establish favorable conditions for more outright strength and relative outperformance from PPLT and other platinum related assets.

PPLT Making Fresh HIghs Amid Relative Outperformance Versus SPX

The upper panel of Chart 1 below shows that the Physical Platinum Shares ETF (PPLT) is in the midst of a February major uptrend, as defined by its 200-day moving average, that was most recently tested and held on Oct 9th.  The lower panel shows that PPLT is also in the midst of an Oct 18th trend of quarterly relative underperformance versus the S&P 500, reversing the previous Jun 6th trend of quarterly relative underperformance. 

As long as these conditions remain true, PPLT is likely to continue moving higher in the weeks ahead.

Chart 1

Current Sector & Industry Group Ideas

Table 1 below is also accessible via the Asbury ETF Trade Ideas rectangle at the top of the Research Center.

Table 1

Click the table to make it larger