Category: Trades

The Russell 2000 broke down today. I am taking on a short position before closing. The volatility is high and the risk of getting stopped out is good but I am willing to risk it.

I placed my stop at 1490 and the target is 1350.

The head and shoulder pattern has completed for the German stock market. Its target of 10800 was reached today.

The soybean market looks to have completed its bottom pattern.

Target is 1000 with a stop at 8.90.

The 30 year bond has completed the double bottom and the 143 limit was reached for a nice profit.

Like clockwork, investors piled into the “safety” of bonds on signs of trouble. I suspect this correction will last a little while. I am staying clear of US stocks until I feel this correction has completed.

Platinum has not been very kind. The moment I take a position in this market, it seems to want to go the other way. Having said that, Platinum is making a failed Head and Shoulders pattern.

I took a short position at 811.90 with a target of 750. I placed stop at 824.5.

30 year bonds made a double bottom.

I went long at 140.14. Stop is placed at 138.28 with a target at 143. Given markets around the world are in a correction, investors will probably rush into US bonds for “safety”.

Soybeans looks to be making a bottom. I will go long with a decisive break above 9.00 with a target of 10.00.

For those interested in trying to catch a falling knife, crude oil appears to have bottomed.

I do not plan to try to catch the bottom but this feels like one could catch a bounce back to 65 here with a stop at 55.

The Platinum  trade failed to materialize and was stopped out for a loss.

Platinum made a head and shoulder bottom. Target is 950. Stop is placed at 841.

Platinum is making a H&S bottom. Although it is a sloppy H&S bottom, I am willing to take this trade with a break above $850.