{"id":203525,"date":"2024-03-18T10:33:50","date_gmt":"2024-03-18T14:33:50","guid":{"rendered":"https:\/\/ibkrcampus.com\/?p=203525"},"modified":"2024-09-23T11:15:15","modified_gmt":"2024-09-23T15:15:15","slug":"chart-advisor-the-jalapenos-of-investing","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-the-jalapenos-of-investing\/","title":{"rendered":"Chart Advisor: The Jalape\u00f1os of Investing"},"content":{"rendered":"\n<p>By\u00a0<a href=\"https:\/\/links.investopedia.com\/u\/click?_t=36ba8fa8372241d58b3bfc06997a4332&amp;_m=ca53822099f1432585f640af9629120e&amp;_e=wJOgqIDccNYv3CkbM5KnbSmvk80YO8fOTYICARlpd-zEriE5xaoX0q0J1fxBkoxn_GUsKksTauP1pSHie4uuCP5vOnC2F9QZG_IWlkjtmzWXxSWb3ONYJmJcjycRljFB0evwcxfCjiScpq1b-sUmwUadhSlO84JfT-aaTZMK-NA22f1nMqT4oLrdRqn2dWk_rj-QCjF032ZSD93V3ggdQ4x8ePZ9Dgm5cHjzbZp_R3_T0BWb20HXXJHMOQ8juw_ldmFhzQRhjEWOB0H-o7YpteeAb6FXb2-mQ11CuankPjH7TESmHOhbU2wO_s_MMs8XKPbXJf0lVywp0jbA-JjVd2zYuerpMrbwfJRJ9EeNH3ym09F7N-S9etZqskdQlPgPKWXI9KBNBnAO7jKK13Z3Kz-xJ41RtzJH6-rnhTV8ED93mFQd5TtADR8w5afUC_GYjfnVYV3TP_wgsMNgeFhTxg%3D%3D\" target=\"_blank\" rel=\"noreferrer noopener\">Adam Koos, CFP, CMT, CEPA<\/a><\/p>\n\n\n\n<p><em>Investopedia is partnering with CMT Association on this newsletter. \u00a0The contents of this newsletter are for informational and educational purposes only, however, and do not constitute investing advice. The guest authors, which may sell research to investors, and may trade or hold positions in securities mentioned herein do not represent the views of CMT Association or Investopedia. Please consult a financial advisor for investment recommendations and services.<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-the-jalapenos-of-investing\"><strong>The Jalape\u00f1os of Investing<\/strong><\/h2>\n\n\n\n<p>Whenever the topic of commodity investing comes up in client meetings, I often use the analogy that \u201cbuilding a portfolio is a lot like making dinner.\u201d<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The main course is typically your domestic stocks, although some people eat less than others,<\/li>\n\n\n\n<li>International stocks are typically your side-dishes,<\/li>\n\n\n\n<li>Bonds and Fixed Income are like the water that makes the food go down easier, and then<\/li>\n\n\n\n<li>Commodities are like jalapenos that add a bit of spice\u2026<\/li>\n<\/ul>\n\n\n\n<p>\u2026and it seems that any time some jalapenos get added to the dish, everyone freaks out!<\/p>\n\n\n\n<p>Investors range in terms of comfort level when it comes to different types of investments and asset classes.&nbsp; Some refuse to buy international stocks because their late father fought in World War II (true story, by the way).&nbsp; Others want nothing to do with commodities because they lost money in oil limited partnerships back in the 80s.&nbsp;<\/p>\n\n\n\n<p>The truth is, commodities can be a great diversifier, and even \u201ccore holding\u201d when everything else is falling.&nbsp; Case in point, look back to 2022 \u2013 when the S&amp;P500 was down almost -20%, the Nasdaq was down more than -30%, bonds were down anywhere between -16 \u2013 40% (depending on the fixed income sector you were observing), but the commodity asset class (especially energy) was virtually the only one making any money!<\/p>\n\n\n\n<p>We can\u2019t look at ALL of them, so let\u2019s go from best-to-worst today, with some hand-picked commodity positions I grabbed out of my chartbook\u2026<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-1-cocoa-futures\">1\/ <strong>Cocoa Futures<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1100\" height=\"559\" data-src=\"\/campus\/wp-content\/uploads\/sites\/2\/2024\/03\/18.03-1-1100x559.png\" alt=\"\" class=\"wp-image-203530 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/03\/18.03-1-1100x559.png 1100w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/03\/18.03-1-700x356.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/03\/18.03-1-300x152.png 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/03\/18.03-1-768x390.png 768w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/03\/18.03-1-1536x781.png 1536w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/03\/18.03-1.png 1588w\" data-sizes=\"(max-width: 1100px) 100vw, 1100px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/559;\" \/><\/figure>\n\n\n\n<p>Here\u2019s a fun one to start with\u2026 Cocoa Futures.&nbsp; Cocoa went absolutely nowhere for more than two years, and then all of a sudden, it broke out in spring of 2023 (just a year ago at this juncture).&nbsp; Notice how it gapped down shortly after the breakout, retested what was formerly an overhead ceiling of resistance (the red, dashed line), held that re-test, and then continued &amp; followed through to the upside.<\/p>\n\n\n\n<p>One of the oldest quotes in technical analysis, who I believe was coined by the great Louise Yamada (if I\u2019m not mistaken \u2013 if I am, I apologize to the O.G. quote wizard who originally said) \u201cThe wider the base, the higher in space.\u201d&nbsp; Well, cocoa built up a 2-year base, and I don\u2019t think anyone is going to email me (below) and argue with the undeniable fact that this investment is, indeed, going higher into space.<\/p>\n\n\n\n<p>The only thing that sucks is, there\u2019s no way to invest in Cocoa anymore, unless you\u2019re a futures trader.\u00a0 iPath and WisdomTree both de-listed their Cocoa ETFs in June of 2023 and January of 2024, respectively, which is unfortunate, but interesting timing, don\u2019t you think?\u00a0 Too bad\u2026<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-2-gold\">2\/ <strong>Gold<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1100\" height=\"561\" data-src=\"\/campus\/wp-content\/uploads\/sites\/2\/2024\/03\/18.03-2-1100x561.png\" alt=\"\" class=\"wp-image-203531 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/03\/18.03-2-1100x561.png 1100w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/03\/18.03-2-700x357.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/03\/18.03-2-300x153.png 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/03\/18.03-2-768x392.png 768w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/03\/18.03-2-1536x783.png 1536w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/03\/18.03-2.png 1583w\" data-sizes=\"(max-width: 1100px) 100vw, 1100px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/561;\" \/><\/figure>\n\n\n\n<p>Gold!&nbsp; Hah!&nbsp; Gold investors have been waiting for this for a LONNNNNG time.&nbsp;&nbsp;<strong><em>Finally<\/em><\/strong>, after almost four years of attempting to break out of a base, gold has finally done it.&nbsp;<\/p>\n\n\n\n<p><br>The question now is, \u201cCan it hold above that line-in-the-sand\u201d represented by the former ceiling of resistance going back to summer of 2020?<\/p>\n\n\n\n<p>In a perfect world, if you\u2019re a gold bull, you\u2019d want to see the start of this current pullback bottom-out at those previous highs, chop sideways, and then resume the upward trend.\u00a0 However, if it falls below that line for more than a week without reclaiming it, I think we\u2019ll have to call it a \u201cbull trap\u201d and as a result, gold would be categorized as being \u201cback in the range\u201d once again.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-3-gold-vs-silver\">3\/ <strong>Gold vs. Silver<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1100\" height=\"498\" data-src=\"\/campus\/wp-content\/uploads\/sites\/2\/2024\/03\/18.03-3-1100x498.png\" alt=\"\" class=\"wp-image-203532 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/03\/18.03-3-1100x498.png 1100w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/03\/18.03-3-700x317.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/03\/18.03-3-300x136.png 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/03\/18.03-3-768x347.png 768w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/03\/18.03-3.png 1216w\" data-sizes=\"(max-width: 1100px) 100vw, 1100px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/498;\" \/><\/figure>\n\n\n\n<p>\u201cHold on, Adam\u2026 but why did you mention gold and not silver?\u201d&nbsp;<\/p>\n\n\n\n<p>Good question!&nbsp; Remember the&nbsp;<a href=\"https:\/\/links.investopedia.com\/e\/evib?_t=36ba8fa8372241d58b3bfc06997a4332&amp;_m=134730360ceb495fb306f49022714bb3&amp;_e=rgBe_orS7l0Xu0OvWzXvapzftGtQ5r2eA0_SpFbD5JHSJV5VKMShj6eKmB5x5Esx\">Investopedia Chart Advisor issue from last week<\/a>, when I explained how to use a Relative Strength chart?&nbsp;<\/p>\n\n\n\n<p><br>Well, before deciding to use gold or silver in today\u2019s issue, I ran a quick RS chart to make sure we were talking about the stronger of the two (because we could discuss ALL the charts, but this would obviously get a little messy, eventually).&nbsp;<\/p>\n\n\n\n<p>As you can see above (and we\u2019ll call this \u201cclassroom review!\u201d), the trend is up, the chart is above the 150-day moving average, which tells me that gold is the stronger investment between the two, and looking back in time, it has been since pretty much the 4th quarter of 2023.\u00a0 Before that, things were pretty choppy, trendless, and there really was no clear leader\u2026 but there is now.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-4-corn\">4\/ <strong>Corn<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1100\" height=\"563\" data-src=\"\/campus\/wp-content\/uploads\/sites\/2\/2024\/03\/18.03-4-1100x563.png\" alt=\"\" class=\"wp-image-203533 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/03\/18.03-4-1100x563.png 1100w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/03\/18.03-4-700x358.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/03\/18.03-4-300x154.png 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/03\/18.03-4-768x393.png 768w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/03\/18.03-4-1536x786.png 1536w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/03\/18.03-4.png 1575w\" data-sizes=\"(max-width: 1100px) 100vw, 1100px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/563;\" \/><\/figure>\n\n\n\n<p>We\u2019ve looked at a stellar commodity performer in cocoa, a recent breakout in gold, so now we\u2019re looking at the not-so-great commodities out there (i.e., commodities you probably don\u2019t want to invest in).<\/p>\n\n\n\n<p>I decided to throw a 200-day moving average (200MA) on the chart above, just to make the trend more obvious.&nbsp; As you can see, corn was in a clear, powerful uptrend from 4Q20 through summer of 2022, but then things got a little dicey.<\/p>\n\n\n\n<p>You can see how it was pulled \u201cunder water\u201d to a point that I\u2019m eloquently calling \u201cnear suffocation,\u201d meaning, it was under the 200MA for probably too long, but it did manage to climb back above its rising moving average in early fall of 2022.&nbsp;<\/p>\n\n\n\n<p>However, by the end of 2023, it fell back below water and with the exception of literally \u2013 maybe 4-5 days in summer of 2023, it\u2019s essentially been drowning ever since.\u00a0 Definitely a no-touch, here.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-5-natural-gas\">5\/ <strong>Natural Gas<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1100\" height=\"563\" data-src=\"\/campus\/wp-content\/uploads\/sites\/2\/2024\/03\/18.03-5-1100x563.png\" alt=\"\" class=\"wp-image-203534 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/03\/18.03-5-1100x563.png 1100w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/03\/18.03-5-700x358.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/03\/18.03-5-300x153.png 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/03\/18.03-5-768x393.png 768w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/03\/18.03-5-1536x786.png 1536w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/03\/18.03-5.png 1578w\" data-sizes=\"(max-width: 1100px) 100vw, 1100px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/563;\" \/><\/figure>\n\n\n\n<p>Last, but certainly not least, let\u2019s look at Natural Gas.&nbsp; What\u2019s interesting about NatGas is that it was all the hype in 2022 (kinda\u2019 like Cocoa is today).&nbsp; From bottom-to-top, there was a point over which, if you timed it perfectly (which is impossible without a time machine), you would\u2019ve made more than a 280% ROR between early-2021 and mid-2022.&nbsp; I\u2019m sure most people would\u2019ve been happy with half that return over the same timeframe, but it would\u2019ve certainly been a very volatile ride (as NatGas tends to be, on the reg).<\/p>\n\n\n\n<p>Since late-2022, however, you can see how it gapped down, below its 200MA, tried to re-test it from under water, but failed miserably\u2026 only to fall more than -88% to-date, even after three different attempts to come up for air over the past six months.\u00a0 Again, definitely a no-touch here, and as my good friend Dave Keller often says, \u201cDon\u2019t confuse the bottom of the chart with support.\u201d\u00a0 It can definitely go much, much lower.\u00a0 \ud83d\ude09<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-6-commodities\">6\/ <strong>Commodities<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1100\" height=\"446\" data-src=\"\/campus\/wp-content\/uploads\/sites\/2\/2024\/03\/18.03-6-1100x446.png\" alt=\"\" class=\"wp-image-203535 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/03\/18.03-6-1100x446.png 1100w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/03\/18.03-6-700x284.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/03\/18.03-6-300x122.png 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/03\/18.03-6-768x311.png 768w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/03\/18.03-6.png 1524w\" data-sizes=\"(max-width: 1100px) 100vw, 1100px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/446;\" \/><\/figure>\n\n\n\n<p>Lastly, after looking at the \u201cgood stuff\u201d and avoiding the \u201cbad stuff\u201d above, you might be wondering, \u201cShould I be invested in commodities right now?\u201d&nbsp; The answer is, \u201cIt depends on your approach.\u201d<\/p>\n\n\n\n<p>For me, I tend to look at the markets from a top-down approach, ranking the asset classes first, then drilling down into sectors, sub-sectors, industry groups, cap &amp; style, regions and countries overseas\u2026 and I implement RS calculations across the board to essentially keep our money invested \u201cin the playoff teams\u201d while avoiding the rest of those \u201cteams\u201d that don\u2019t \u2013 or aren\u2019t looking like they\u2019re going to make the playoffs this year.&nbsp;<\/p>\n\n\n\n<p><br>As metaphorical win\/loss records change over time, investments that are lagging and don\u2019t look like they\u2019re going to make the \u201cplayoffs\u201d this year get ejected from the portfolio and replaced with the new, stronger, higher-RS positions instead.&nbsp;<\/p>\n\n\n\n<p><br>\u2026and when I look at commodities as an asset class, I observe one of the few ranking systems I use \u201cat the top\u201d of the top-down approach and see that commodities rank 2nd-to-last, just above 20-year Treasury bonds.&nbsp;<\/p>\n\n\n\n<p>So, are there a couple great commodities that look worthwhile for investment?&nbsp; Sure!&nbsp; \u2026but there are almost always a few great stocks when the stock market is crashing \u2013 or a few great bonds when the bond market sucks.&nbsp; Instead, I prefer to invest with the trend, and when other asset classes are exhibiting higher RS, I want to swim with the current, not against it, and then drill down from there, diving deeper into each of the best asset classes to find the best sectors, sub-sectors, and so on\u2026<\/p>\n\n\n\n<p><br>At the end of the day, you need to find a strategy that works for you, and if this isn\u2019t \u201cyour thing,\u201d hire a true fiduciary financial planning and investment management firm to help.<\/p>\n\n\n\n<p>&#8212; <\/p>\n\n\n\n<p>Originally posted on March 18th 2024<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investors range in terms of comfort level when it comes to different types of investments and asset classes.\u00a0 Some refuse to buy international stocks because their late father fought in World War II (true story, by the way).\u00a0 Others want nothing to do with commodities because they lost money in oil limited partnerships back in the 80s.\u00a0<\/p>\n","protected":false},"author":186,"featured_media":203537,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":true,"footnotes":""},"categories":[21,14,15,17,18,6,8,9,22,23,26,3],"tags":[425,288,251,2087,748,3511,669,262,7279],"contributors-categories":[13686],"class_list":{"0":"post-203525","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-commodities","8":"category-etfs","9":"category-fixed-income","10":"category-futures","11":"category-macro","12":"category-north-america","13":"category-region","14":"category-securities","15":"category-stocks","16":"category-technical-analysis","17":"category-text-articles","18":"category-traders-insight","19":"tag-bond","20":"tag-cocoa","21":"tag-corn","22":"tag-gld","23":"tag-nyse","24":"tag-slv","25":"tag-spdr","26":"tag-spy","27":"tag-ung","28":"contributors-categories-investopedia"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Chart Advisor: The Jalape\u00f1os of Investing<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/203525\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chart Advisor: The Jalape\u00f1os of Investing | IBKR Campus US\" \/>\n<meta property=\"og:description\" content=\"Investors range in terms of comfort level when it comes to different types of investments and asset classes.\u00a0 Some refuse to buy international stocks because their late father fought in World War II (true story, by the way).\u00a0 Others want nothing to do with commodities because they lost money in oil limited partnerships back in the 80s.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-the-jalapenos-of-investing\/\" \/>\n<meta property=\"og:site_name\" content=\"IBKR Campus US\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-18T14:33:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-23T15:15:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/03\/18.03-1-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1588\" \/>\n\t<meta property=\"og:image:height\" content=\"807\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Contributor Author\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Contributor Author\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\n\t    \"@context\": \"https:\\\/\\\/schema.org\",\n\t    \"@graph\": [\n\t        {\n\t            \"@type\": \"NewsArticle\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-the-jalapenos-of-investing\\\/#article\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-the-jalapenos-of-investing\\\/\"\n\t            },\n\t            \"author\": {\n\t                \"name\": \"Contributor Author\",\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/e823e46b42ca381080387e794318a485\"\n\t            },\n\t            \"headline\": \"Chart Advisor: The Jalape\u00f1os of Investing\",\n\t            \"datePublished\": \"2024-03-18T14:33:50+00:00\",\n\t            \"dateModified\": \"2024-09-23T15:15:15+00:00\",\n\t            \"mainEntityOfPage\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-the-jalapenos-of-investing\\\/\"\n\t            },\n\t            \"wordCount\": 1490,\n\t            \"commentCount\": 0,\n\t            \"publisher\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-the-jalapenos-of-investing\\\/#primaryimage\"\n\t            },\n\t            \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/03\\\/18.03-1-1.png\",\n\t            \"keywords\": [\n\t                \"bond\",\n\t                \"cocoa\",\n\t                \"corn\",\n\t                \"GLD\",\n\t                \"NYSE\",\n\t                \"SLV\",\n\t                \"SPDR\",\n\t                \"SPY\",\n\t                \"UNG\"\n\t            ],\n\t            \"articleSection\": [\n\t                \"Commodities\",\n\t                \"ETFs\",\n\t                \"Fixed Income\",\n\t                \"Futures\",\n\t                \"Macro\",\n\t                \"North America\",\n\t                \"Region\",\n\t                \"Securities\",\n\t                \"Stocks\",\n\t                \"Technical Analysis\",\n\t                \"Text Articles\",\n\t                \"Traders' Insight\"\n\t            ],\n\t            \"inLanguage\": \"en-US\",\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"CommentAction\",\n\t                    \"name\": \"Comment\",\n\t                    \"target\": [\n\t                        \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-the-jalapenos-of-investing\\\/#respond\"\n\t                    ]\n\t                }\n\t            ]\n\t        },\n\t        {\n\t            \"@type\": \"WebPage\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-the-jalapenos-of-investing\\\/\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-the-jalapenos-of-investing\\\/\",\n\t            \"name\": \"Chart Advisor: The Jalape\u00f1os of Investing | IBKR Campus US\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\"\n\t            },\n\t            \"primaryImageOfPage\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-the-jalapenos-of-investing\\\/#primaryimage\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-the-jalapenos-of-investing\\\/#primaryimage\"\n\t            },\n\t            \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/03\\\/18.03-1-1.png\",\n\t            \"datePublished\": \"2024-03-18T14:33:50+00:00\",\n\t            \"dateModified\": \"2024-09-23T15:15:15+00:00\",\n\t            \"inLanguage\": \"en-US\",\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"ReadAction\",\n\t                    \"target\": [\n\t                        \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-the-jalapenos-of-investing\\\/\"\n\t                    ]\n\t                }\n\t            ]\n\t        },\n\t        {\n\t            \"@type\": \"ImageObject\",\n\t            \"inLanguage\": \"en-US\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-the-jalapenos-of-investing\\\/#primaryimage\",\n\t            \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/03\\\/18.03-1-1.png\",\n\t            \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/03\\\/18.03-1-1.png\",\n\t            \"width\": 1588,\n\t            \"height\": 807\n\t        },\n\t        {\n\t            \"@type\": \"WebSite\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t            \"name\": \"IBKR Campus US\",\n\t            \"description\": \"Financial Education from Interactive Brokers\",\n\t            \"publisher\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t            },\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"SearchAction\",\n\t                    \"target\": {\n\t                        \"@type\": \"EntryPoint\",\n\t                        \"urlTemplate\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/?s={search_term_string}\"\n\t                    },\n\t                    \"query-input\": {\n\t                        \"@type\": \"PropertyValueSpecification\",\n\t                        \"valueRequired\": true,\n\t                        \"valueName\": \"search_term_string\"\n\t                    }\n\t                }\n\t            ],\n\t            \"inLanguage\": \"en-US\"\n\t        },\n\t        {\n\t            \"@type\": \"Organization\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\",\n\t            \"name\": \"Interactive Brokers\",\n\t            \"alternateName\": \"IBKR\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t            \"logo\": {\n\t                \"@type\": \"ImageObject\",\n\t                \"inLanguage\": \"en-US\",\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\",\n\t                \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t                \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t                \"width\": 669,\n\t                \"height\": 669,\n\t                \"caption\": \"Interactive Brokers\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\"\n\t            },\n\t            \"publishingPrinciples\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/about-ibkr-campus\\\/\",\n\t            \"ethicsPolicy\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/cyber-security-notice\\\/\"\n\t        },\n\t        {\n\t            \"@type\": \"Person\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/e823e46b42ca381080387e794318a485\",\n\t            \"name\": \"Contributor Author\",\n\t            \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/author\\\/contributor-author\\\/\"\n\t        }\n\t    ]\n\t}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Chart Advisor: The Jalape\u00f1os of Investing","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/203525\/","og_locale":"en_US","og_type":"article","og_title":"Chart Advisor: The Jalape\u00f1os of Investing | IBKR Campus US","og_description":"Investors range in terms of comfort level when it comes to different types of investments and asset classes.\u00a0 Some refuse to buy international stocks because their late father fought in World War II (true story, by the way).\u00a0 Others want nothing to do with commodities because they lost money in oil limited partnerships back in the 80s.\u00a0","og_url":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-the-jalapenos-of-investing\/","og_site_name":"IBKR Campus US","article_published_time":"2024-03-18T14:33:50+00:00","article_modified_time":"2024-09-23T15:15:15+00:00","og_image":[{"width":1588,"height":807,"url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/03\/18.03-1-1.png","type":"image\/png"}],"author":"Contributor Author","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Contributor Author","Est. reading time":"8 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-the-jalapenos-of-investing\/#article","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-the-jalapenos-of-investing\/"},"author":{"name":"Contributor Author","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/e823e46b42ca381080387e794318a485"},"headline":"Chart Advisor: The Jalape\u00f1os of Investing","datePublished":"2024-03-18T14:33:50+00:00","dateModified":"2024-09-23T15:15:15+00:00","mainEntityOfPage":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-the-jalapenos-of-investing\/"},"wordCount":1490,"commentCount":0,"publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-the-jalapenos-of-investing\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/03\/18.03-1-1.png","keywords":["bond","cocoa","corn","GLD","NYSE","SLV","SPDR","SPY","UNG"],"articleSection":["Commodities","ETFs","Fixed Income","Futures","Macro","North America","Region","Securities","Stocks","Technical Analysis","Text Articles","Traders' Insight"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-the-jalapenos-of-investing\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-the-jalapenos-of-investing\/","url":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-the-jalapenos-of-investing\/","name":"Chart Advisor: The Jalape\u00f1os of Investing | IBKR Campus US","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-the-jalapenos-of-investing\/#primaryimage"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-the-jalapenos-of-investing\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/03\/18.03-1-1.png","datePublished":"2024-03-18T14:33:50+00:00","dateModified":"2024-09-23T15:15:15+00:00","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-the-jalapenos-of-investing\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-the-jalapenos-of-investing\/#primaryimage","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/03\/18.03-1-1.png","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/03\/18.03-1-1.png","width":1588,"height":807},{"@type":"WebSite","@id":"https:\/\/ibkrcampus.com\/campus\/#website","url":"https:\/\/ibkrcampus.com\/campus\/","name":"IBKR Campus US","description":"Financial Education from Interactive Brokers","publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ibkrcampus.com\/campus\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ibkrcampus.com\/campus\/#organization","name":"Interactive Brokers","alternateName":"IBKR","url":"https:\/\/ibkrcampus.com\/campus\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","width":669,"height":669,"caption":"Interactive Brokers"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/"},"publishingPrinciples":"https:\/\/www.interactivebrokers.com\/campus\/about-ibkr-campus\/","ethicsPolicy":"https:\/\/www.interactivebrokers.com\/campus\/cyber-security-notice\/"},{"@type":"Person","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/e823e46b42ca381080387e794318a485","name":"Contributor Author","url":"https:\/\/www.interactivebrokers.com\/campus\/author\/contributor-author\/"}]}},"jetpack_featured_media_url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/03\/18.03-1-1.png","_links":{"self":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/203525","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/users\/186"}],"replies":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/comments?post=203525"}],"version-history":[{"count":0,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/203525\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media\/203537"}],"wp:attachment":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media?parent=203525"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/categories?post=203525"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/tags?post=203525"},{"taxonomy":"contributors-categories","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/contributors-categories?post=203525"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}