Commodities lead stocks lower

By Colin Twiggs
May 31st, 2012 1:00 a.m. ET (5:00 p:m AET)

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The CRB Commodities index is headed for a test of the 2010 low of 250. A 63-day Twiggs Momentum peak below zero warns of a strong primary down-trend. Divergence from the S&P 500 index warns that stocks are likely to fall, following commodities down — at least to their 2011 lows.

CRB Commodities Index

* Target calculation: 290 - ( 330 - 290 ) = 250

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