Trade Alert: Closing DBA position

On 27th Aug, I am closing the 25 shares of DBA we own for break even.

DBA has not been doing much lately and it just keeps going up and down slightly with no edge on either side. I was expecting it to go up after tagging TL support, but it does not seem to do much.

I am getting out of this position, will try to find better positions

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Watchlist Aug 01 2009

Looking at some charts over the weekend and doing some TA, I have come up with the following stocks I will be following closely next week. Charts pulled off www.finviz.com (great site)

$FSLR: This was sold off like crazy after the earnings came out, still not completing the pattern and hitting the support. I will wait until it bounces off support trend line. Target @ 140

$WFR: Still on my watchlist, waiting for the pattern to selloff to support trendline. Target @ 16

$POT: This looks interesting, will see which way this goes, I would like to see some sell off along with the market so I can establish some longs :)

$DBA: Seems to be holding TL support. so far so good, I am thinking of adding more here

$FIG: This is going higher in anticipation of the earnings release. We have 200 shares @ 4.11, game plan is sell 100 just before earnings or sell covered calls @ 5 and @7.5 to collect some commissions just before earnings. I will post the trades here on the blog

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