Nasdaq Dorsey Wright

With no changes to any of the Invesco models this week, we take a look at the Invesco DB Agriculture Fund (DBA).

There are no changes to any of the Invesco models this week. While US equities have made a strong rebound from their April lows, commodities remain at the top of the DALI asset class rankings with agriculture leading the intra-asset rankings. Agricultural contracts are also well represented at the top of NDW’s continuous commodity matrix.

Investors looking to take advantage of the strength of agricultural commodities should consider the Invesco DB Agriculture Fund (DBA). DBA currently has a strong 5.22 fund score, which is 3.04 points better than the average for all agriculture-focused funds. After breaking a double bottom at $25.50, DBA reversed up into a column of Xs in late April, entering the action phase of a potential shakeout pattern, which would be completed with a triple top break at $28.50. The pattern would be negated with a second sell signal, which would come with a move to $25, offering a potential stop loss for short-term investors.

DBA’s portfolio consists of 10 agricultural contracts. Coffee, live cattle, cocoa, soybeans, and corn are the five largest allocations, making up about 65% of the portfolio. Year-to-date (through 5/9) DBA has gained 1.62% on a price return basis; the fund also offers a 4% yield.

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**Unless otherwise stated, the performance numbers herein are based on price returns and do not include dividends or all transaction costs. Past performance is not indicative of future results. Potential for profits is accompanied by possibility of loss. PowerShares has arranged with Dorsey, Wright to provide this specialized ETF Point & Figure Analysis page on PowerShares sponsored products. The Point & Figure analysis, models and resulting rankings, including any information, data or commentary included herein, are created and provided solely by Dorsey, Wright & Associates. Such analysis, models and rankings should not be considered an offer to purchase or sell, or a solicitation of an offer to buy or purchase any security. The examples presented do not take into consideration commissions, tax implications, or other transactions costs. Neither Dorsey, Wright nor PowerShares through this ETF page provide investment advice or recommendations regarding any security, fund or market. As the investment professional making the final decision with respect to allocations, including any related suitability, fiduciary or other legal obligation, please remember to adhere to all applicable laws, regulations, and rules including NASD Rules 2090 and 2111. The percentage of the portfolio devoted to any ETF is at the sole discretion of the financial advisor or the customer, and not Dorsey, Wright & Associates or PowerShares. If you are not familiar with the Point & Figure methodology, we suggest you read "Point & Figure Charting, 4th Edition" by Thomas J. Dorsey and visit the PnF University, www.dorseywright.com. If you are not familiar with the PowerShares products, or Exchange Traded Funds (ETFs), we suggest you visit www.powershares.com.