Kudos to Dave for his regular comments on the JJC as a leading indicator. IBD ran an excellent article on using various ETFs to gauge market action today on page A12. It was one of the best articles on intermarket analysis I have seen in a while. They specifically mentioned the JJC, iPath DJ-UBS Copper Subindex Total Return ETF, as a leading/coincident indicator for turning points in the stock market.
Later today I will look at the big picture for the JJC, which has some really interesting things to tell us about what may be coming up in the stock market.