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.
Author: s4k
Short Soybean Oil
I am short the December contract with a stop at 44 and a target of 39.
Short the Yen
I am short with a stop at .00644 and a target of .0061
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.
Long the Aussie Dollar
I am long with a stop at 0.6627 and a target of 0.685.
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% |
Long Corn
I am long the December 2024 contract with a stop at 475 and a target of 505.
Long Soybean Meal
I am long with a stop at 344 and a target of 374.
Short the Pound
I am short with a stop at 1.256 with a target of 1.22.