some short candidates on commodity names

$CRB printed a hanging man today and looks like it has topped with RSI/MACD divergence. DBC shows similar topping signs.

DBA on agriculture is also topping, large RSI divergence and ADX is diving fast. Now it should be another chance to short CF/AGU/MOS/MON, which all had a gap up day on Jan 24 that will be filled by the coming diving.

The same is true for $GOLD as I pointed out earlier, and its chart shows a three-crows pattern indicating a large dive coming. Short candidates are GDX/NEM/GG/AUY.

Crude oil $WTIC also dipped today with RSI divergence after 50% retracement, a new low seems to be inevitable. Short candidates are RRC/CLR/SWN/CXG/UPL

As a reminder, these shorts have risks and do it only with price weakness is shown. YMYD.

Some interesting comments from IBD regarding today's rally:

    Given the market's volatility since late December, you'd need to see bigger gains than Thursday's to signal a fundamental shift in the market's trend.

    As noted in Thursday's Big Picture, it's almost a moot point even if the market did manage to assemble a follow-through session of powerful gains in heavier volume. The reason? There are virtually no stocks close to proper buying positions right now.

    Instead, what we're seeing is a lot of stocks that made big moves last year, broke down, then yo-yoed back up. In many cases, those stocks look like they're forming bearish head-and-shoulders and other topping patterns. They don't resemble the types of bases that typically result in big gains.