The Grind

[PlanTrader]

Elvis, good idea, that's the Ag commodity futures ETF. The main risk seems the fact that futures trade 24 hours & we get a lot of gaps with this ETF for that reason. Also, the bull flag is messy & not tight. Stimulus expectations & midwest drought could make commodities continue to runup. Top DBA holdings:

DBA Top Ten Holdings
Sugar #11(World) Jul12: 13.36%
Live Cattle Futr Jun12: 12.68%
Corn Future Dec12: 12.17%
Soybean Future Nov12: 10.69%
Cocoa Future May12: 10.05%
Coffee 'c' Future May12: 9.52%
Lean Hogs Future Jun12: 7.64%
Wheat Future(Kcb) Jul12: 6.38%
Soybean Future Jan13: 4.66%
Cattle Feeder Fut May 12: 4.54%

Good stop. I like 30.10 entry, make it break that whole # of $30 prior to entry instead of just the previous high.

Target 1 is a smaller % than our stop (3% vs 4%), but is a logical spot on the chart. I like $32.90 for 2nd target (9.3%).

Suggested revision:
Entry 30.10
Target 1: 31
Target 2: 32.90
Stop 28.90

What do you think?