“The trade was well over the open interest of 4,710 contracts at that strike, where the average call volume is just 719,” Says Mike Yamamoto.
ETF DAILY NEWS TAKE: Investors are flocking to PowerShares DB Agriculture (DBA) as the reflation trade takes place.
Full Story: HERE
We ran this ETF through the market club software and found the following results from their chart analysis program:
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.Based on a pre-defined weighted trend formula for chart analysis, DBA scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend):
|-10||Last Hour Close Below 5 hour Moving Average|
|-15||New 3 Day Low on Friday|
|-20||Last Price Below 20 Day Moving Average|
|+25||New 3 Week High, Week Ending June 6th|
|+30||New 3 Month High in June|