I have seen a lot of discussion on various websites about whether commodities are in a secular bull market. A secular bull trend encompasses a number of cyclic bull markets. I lived through the secular bull market in commodities in the 1970s and there are some similarities and some differences to now.
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You can't call this market overbought when so much of it isn't participating.
SKLZ shows explosion moves to the upside when it emerges from the oversold area.