Bottom Fishing, Searching For Inflection Points

I like to check the bottom fishing screen inside The PPT for inflections points. Normally, when the screen starts to populate inverse ETFs, it’s time to run for the hills and sell your longs.

Tonight’s screen is producing anything but inverse ETFs, and what’s interesting to note is the amount of commodity related names found in the screen. Maybe this is the inflection point for commodities, such as oil.

I own $UCO, which is the double long crude ETF, and I’m thinking about adding a few more commodity related names to the portfolio.

For members, the bottom fishing screen can be found HERE.

Other tickers of interest include: DBA, SD, ECA, DVN, NOG, OXY, SGY, FCX, GDXJ

Note: Even AAPL made tonight screen (inflection point?)