Conclusion, Investment Implications, Strategy

The United States Copper Index Fund (CPER) is currently making new all-time highs amid monthly expansion in investor assets and quarterly relative outperformance versus the S&P 500 (SPY).  Together, these factors establish favorable conditions for more outright strength and relative outperformance by CPER and other copper related assets.

CPER Setting New All-Time HIghs Amid Expanding Assets and Relative Outperformance vs. The S&P 500

The upper panel of Chart 1 below shows that the United States Copper Index Fund (CPER) is in the midst of a Feb 4th major uptrend according to its 200-day moving average and is currently moving above its previous May 21st all-time high at 31.63.  The middle panel shows that the total net assets invested in CPER (AUM) have been expanding on a 21-day monthly basis since Mar 12th and actually started that trend back in mid-January.  Expanding assets indicate bullish conviction in higher prices.  The lower panel shows that CPER has been outperforming the S&P 500 on a 63-day quarterly basis since Feb 3rd.  

As long as these three conditions remain intact, CPER is likely to continue moving higher in the weeks ahead.

Table 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