Sunday, February 7, 2010
BUY Market Vectors Agribusiness ETF (MOO) at $40.0
I refer to my previous post dated November 22, 2009, in which I introduced a buy order of the tracker Market Vectors Agribusiness for a limit price of $40.0. That price was reached last Friday (February 5, 2010) and the buy order was therefore executed. Stop loss at 38.0, right below the 200 day moving average.
The portfolio is now 80% in cash and invested for 20% in DBA and MOO, two trackers both targeting the agriculture sector.
US Dollar index chart analysis
I refer to my previous post of December 23, 2009 on the subject. Since my advice to buy the USD, the USD index has been going from 75.0 to 80.4 today. Target stays the same: 86 to 87. We are in a rising technical wedge formation.
At the same time, the EUR/USD has been decreasing from 1.51 to 1.38 today. I stay short on the EUR/USD with a target of 1.30.
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