| With gold, crude oil and other commodities falling, several S&P sectors have taken a big hit. But as the popular CRB commodity index drops to new four-month lows, traders say this is actually a good sign for the S&P 500.
"It's more of a concentrated weakness," Ari Wald, head of technical analysis at Oppenheimer, said Tuesday on CNBC's "Trading Nation." "We'd be staying away from these commodity-exposed stocks, but for the market as a whole, we don't think it's very bearish. We think the S&P 500 can continue to do well."..............................................Full Article: Source
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