In the Spotlight — DBA

While the broad markets are sitting just above their most recent lows and threatening to break down even lower, many commodities in the agricultural sector have been behaving strongly.  One way to take advantage of this relative strength is with the Powershares DB Agricultural Fund etf (DBA).  DBA was able to break its multi-month downtrend last week and is currently sitting above all of its key moving averages as they begin to curl upwards underneath it.  Keep an eye on DBA into next week for signs of continued strength, as it is one of the few charts in the current environment that has not seen much technical damage.

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Posted in Charting & Analysis, Charts, General Trading, Stocks, Watchlist