The Bloomberg Commodity Index looks set to fall further. The daily volume on this contract is less than 5,000. I usually do not trade instruments which such light volume. It is possible I open a short position tomorrow morning.
Category: Trades
Long Live Cattle
I took a long position in cattle. It completed a symmetrical triangle a few trading days ago. As typical with cattle it tends to always retest its breakouts.
Stop is at 156.6 with a target of 162.
Short The Real
The Brazilian Real broke down from its rectangle. I am short with a stop at 0.18485 and a target of 0.16985.
Flat Soybeans
I bailed on Soybeans for a loss.
Year End Performance
Long orange juice and short lumber said no one ever.
Positions Going Into Weekend
STOCKS | ||||||
Symbol | Position | Date Position Opened |
Price Position Opened |
Week Closing Price |
Percent Change |
|
Total Open Profit/Loss Stocks | N/A | |||||
FUTURES | ||||||
Symbol | Position | Date Position Opened |
Price Position Opened |
Week Closing Price |
Percent Change |
|
ES | Short | 12/14/22 | 4052 | 3860 | 4.7% | |
MBT | Short | 12/16/22 | 16650 | 16530 | 0.7% | |
PL | Long | 12/29/22 | 1068 | 1084 | 1.5% | |
ZS | Long | 12/27/22 | 1510 | 1524.3 | 0.9% | |
Total Open Profit/Loss Futures | 7.9% |
Long Platinum
Platinum completed a small rectangle pattern. I am long with a stop at 1048 and a target of 1140.
Long Soybeans
I am long with a stop at 1480 and a target of 1625.
Closed Out AEM
I closed out my long position in AEM for a decent profit.
Short Bitcoin
I took a small short position in Bitcoin. Stop is at 18240 with a target of 10000. It completed a descending triangle a few weeks back and has been lingering around. Its retest today looks like bearish price action to me.