Monday, July 6, 2009

DBA: Watch-list


DBA is moving within a channel. If we want to go long, be aware on how you see the US dollar Index. I do not have a clear signal to go long or short in UUP. Here is the chart of the UUP (PB USD BULL ETF):



And here you can see the correlation between UUP and DBA. Notice that there is a period (from Dec. 23 2008 to Jan. 6 2009) in which both ETFs have positive correlation. The rest of the year the correlation had been negative.



DBA daily Chart:

DBA Weekly Chart:

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