I am long with a stop at 3.9 and a target of 4.23.
Category: Trades
Long KC Wheat
I am long with a stop at 860 and a target of 995.
LPG Pattern Completed
Target has been reached.
Positions Going Into Weekend
I got stopped out of soybeans for a small profit.
STOCKS | ||||||
Symbol | Position | Date Position Opened |
Price Position Opened |
Week Closing Price |
Percent Change |
|
LPG | Long | 6/2/23 | 23.5 | 25.55 | 8.72% | |
UGA | Long | 7/20/23 | 67 | 69.27 | 3.39% | |
Total Open Profit/Loss Stocks | 12.11% | |||||
FUTURES | ||||||
Symbol | Position | Date Position Opened |
Price Position Opened |
Week Closing Price |
Percent Change |
|
NG | Long | 7/20/23 | 2.729 | 2.692 | -1.36% | |
RTY | Long | 7/14/23 | 1940 | 1981 | 2.11% | |
Total Open Profit/Loss Futures | 0.76% |
US Stocks Look Bullish
US stocks look like they are going to challenge the all-time high.
The DOW completed a head and shoulder continuation pattern.
The Russell completed a symmetrical triangle.
The bank stocks looked to have bottomed out with a head and shoulder bottom.
Long UGA
I am long with a stop at 64 and a target of 80.
Long Natural Gas
I am long with a stop at 2.59 and a target of 3.52. It completed a channel today. If it breaks out from the head and shoulder bottom, I will increase my long position.
SP500 Target Met
I have jammed my stops to today’s low at 4581. This pattern has pretty much completed.
Long Soybeans
I took a small long position in Soybeans. Stop is at 1360 with a target of 1440.
Mid-Year Performance
My account did a round trip. Of the 45 trades made, only 8 trades met the target, 11 trades were break even and 26 trades failed. This makes a win rate of 17%.