Agriculture ETF Changes Direction

I am long the Agriculture ETF (DBA) as it has been trading above $25 for the past few days and had a very strong gap up move today. The weekly chart shows the ATR line signaling the change in trend that usually lasts a few weeks. The next level of resistance and first target is between &27 – $28.

About Stock Trade Journal

The information in this blog is not investment advice. Please consult a financial advisor before investing. I have been trading stock since the 1990's and survived the .com crash. I am developing software applications to help me trade better and now I am making them available to help other traders. This blog is also a way to share my experiences and observations in the market.
This entry was posted in Risk Management, Trade Analysis, Trade Entries, Trade Planning. Bookmark the permalink.

Leave a Reply

Your email address will not be published.