Trading Note: Took Profit on DBA This Morning
October 26th, 2009WARNING: This is not a recommendation to buy, sell or hold any financial instrument.
Out at @ $26.91. +1.46 / share. * shrug shoulders * I was expecting to pull more than cigarette butts and bottle caps on that one.
I’m overweight stuff that goes up when the dollar goes down. Time to flatten out a bit for a while. That was my main reason for selling DBA today, although, from a technical perspective, it wasn’t looking so hot. Extreme stochastic on the daily as the faster intervals fell apart…
Which got me thinking about my recent analysis on the dollar again.
Either I’m right about a rally setting up soon on the dollar, or I’m wrong. If I’m right, I’d probably be looking at having to ditch DBA at a loss, or waiting it out. Taking profit here seemed like a much more pleasant option.
