Author: s4k

Grain Trades

I will have two working orders tonight.
The first is to short wheat at 662 with a stop at 682 and a target of 600.

The second is to short Soybean Oil at 53.1 with a stop at 54.1 and a target of 48.

Positions Going Into Weekend

I closed out bitcoin for a profit. I got stopped out of INTC for a loss.

STOCKS
Symbol Position Date
Position
Opened		 Price
Position
Opened		 Week
Closing
Price		 Percent
Change
Total Open Profit/Loss Stocks N/A
FUTURES
Symbol Position Date
Position
Opened		 Price
Position
Opened		 Week
Closing
Price		 Percent
Change
NKD Long 4/14/23 28550 28690 0.49%
ZC Short 4/21/23 555 552 0.54%
Total Open Profit/Loss Futures 1.03%

 

Short Corn

Corn (September contract) completed a small head and shoulder continuation pattern. I am short with a stop at 565.5 and a target of 528.

Positions Going Into Weekend

I closed out gold for a loss.

STOCKS
Symbol Position Date
Position
Opened		 Price
Position
Opened		 Week
Closing
Price		 Percent
Change
INTC Long 4/12/23 32 31.89 -0.34%
Total Open Profit/Loss Stocks -0.34%
FUTURES
Symbol Position Date
Position
Opened		 Price
Position
Opened		 Week
Closing
Price		 Percent
Change
MBT Long 3/14/23 26150 30595 17.00%
NKD Long 4/14/23 28550 28565 0.05%
RB Long 4/12/23 2.78 2.7854 0.19%
Total Open Profit/Loss Futures 17.24%

How I Advance Stops

I move my stops at my own discretion. I do not have a fixed plan. For instance, bitcoin broke out from a large head and shoulder pattern. It than consolidated above the neckline and formed a small pennant. Once it broke out from the pennant, I moved my stops right below the pennant at 27680 mark.

Possible Trades

Japan’s market looks set to break out on the upside. I am willing to go long with a close above 28.6K

Oats is making a rectangle. I am willing to go short with a break below 315.

The ultra 10-year appears to be making a bottom here. I am willing to go long with a break above 124.

I am becoming very tempted to go bottom hunting in Natural Gas.

Long INTC

I took a small long position in INTC with a stop at 30.3 and a target of 37. It broke out a few days ago but I decided to wait for a pullback to go long.

Positions Going Into Weekend

STOCKS
Symbol Position Date
Position
Opened		 Price
Position
Opened		 Week
Closing
Price		 Percent
Change
FUTURES
Symbol Position Date
Position
Opened		 Price
Position
Opened		 Week
Closing
Price		 Percent
Change
6B Long 4/4/23 1.253 1.2437 -0.74%
GC Long 4/4/23 2030 2024.2 -0.29%
MBT Long 3/14/23 26150 28060 7.30%
ZB Long 134.3125 133 -0.98%
Total Open Profit/Loss Futures 5.30%