I am long with a stop at 265 and a target of 305.
Category: Trades
Long HIG
I am long.
Long Dollar Tree
Possible bottom was completed. I am long.
Long the Aussie Dollar
I am long with a stop at 0.64031 and a target of 0.67.
Long Soybeal Oil
I am long the December contract.
Short SP500
I am short with a stop at 5540 and a target of 4400.
Short Natural Gas
I am short with a stop at 4 and a target of 3.2.
Short Crude
I am short with a stop at 66 and a target of 55.
Trouble in the Energy Sector
Crude oil looks set to plunge further. The weekly continuation chart shows a massive descending triangle.
The front month shows a completed rectangle occurred on Friday. I was hesitant to enter a short position over the weekend given the volatility.
Natural gas is about to complete a head and shoulder top.
I am interested in being short one of these markets. I am waiting for volatility to calm down a bit.
Long 5-Year Note
I am long with a stop at 107’310 and a target of 109’150.