Long PGR and UNH

Both completed rectangles today. PGR looks a little sloppy so I took a small position. UNH is shown on a weekly chart.

Symbol Position Price
Position
Opened
Stop Limit
PGR Long 219.4 214 235
UNH Long 568 550 658

Positions Going Into Next Week

I was knocked out of the Yen for a small profit. My stops for the Aussie Dollar and Gold are set to a break even point.

STOCKS
Symbol Position Date
Position
Opened
Price
Position
Opened
Week
Closing
Price
Percent
Change
0
Total Open Profit/Loss Stocks 0.00%
FUTURES
Symbol Position Date
Position
Opened
Price
Position
Opened
Week
Closing
Price
Percent
Change
6A Long 7/9/24 0.6753 0.6797 0.65%
GC Long 6/28/24 2386 2416 1.26%
Total Open Profit/Loss Futures 1.91%

Long Gold

I am long the December contract with a stop at 2320 and a target of 2700. It is at the bottom of the rectangle and I expect it to break out on the upside.

Long KBE and HSY

I am long HSY with a stop at 200 and a target of 230.
I am long KBE with a stop at 46 and a target of 53.

Long Natural Gas

I decided to take a small long position in natural gas (December 2024 contract). Stop is at 3.53 with a target of 3.9.

Technically, this market has not broken out yet from the rectangle. However, the front months are looking strong, and the market looks like it wants to go higher. I consider this a low-risk high-reward trade. Natural gas can be an explosive market.

Positions Going Into Next Week

STOCKS
Symbol Position Date
Position
Opened
Price
Position
Opened
Week
Closing
Price
Percent
Change
Total Open Profit/Loss Stocks 0.00%
FUTURES
Symbol Position Date
Position
Opened
Price
Position
Opened
Week
Closing
Price
Percent
Change
ZC Long 5/3/24 484.75 482.75 -0.41%
ZM Long 4/29/24 351 373.2 6.32%
Total Open Profit/Loss Futures 5.91%