Commodity Selloff Hits Markets: Here Are The 10 Trades To Watch Right Now

russia, wildfires, august 2010, ap

Photo: AP

U.S. indices are mixed, but commodities are selling off, in a red day across futures markets.

  • DOW up 0.15%
  • NASDAQ down 0.37%
  • S&P 500 down 0.25%
  • CAC up 0.39%
  • FTSE up 1.93%
  • DAX down 0.21%

Industrials goods and basic materials fall.

The Big Trade: Crude oil selling off with commodities.

BIG LOSER: Silver Wheaton down over 6%

BIG LOSER: ICICI Bank

BIG WINNER: Mechel OAO

BIG WINNER: Alcoa, even though metals are down

ETF Mover: ProShares UltraShort DJ-UBS Crude Oil

INDEX FUND MOVER: iShares MSCI Canada Index Fund

Currency: Euro sinking against the dollar

Gold: Down with the rest of commodities.

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