Another down day on the market & RSI picks another Ag ETF August 26, 2010
Posted by Marlowe Cassetti in DBA, RJA.trackback
Okay, let’s go right to RSI’s pick of the day:
- Buy 498 shares PowerShares DB Agriculture (DBA) Stop = -$2.01 Target = +$6.02 Volatility = 3.10%
This is the third agriculture ETF in a row for RSI to select, there must be something going on in this sector. Looking at the chart there is a strong up move going on and DBA has paused in its rising channel.
I think it would be fine to wait to see if it completes its current price dip and continues its upward progress. As for me I’m not sure that I would buy another agriculture fund, since I already own RJA.
Catch you later.
Advertisement
Comments»
No comments yet — be the first.