I closed out my short position for a small loss.
Category: Trades
Short 5-Year
The 5-year looks to be set for a head and shoulder failure. I usually wait until the right shoulder is broken but I am willing to take a preemptive position. Stop is at 109’235 with a 105 target.
Flat the Peso
I blew out of the Peso trade for a small loss.
Breakeven Stops
My stops for AEM and KC wheat have been moved to a break even mark.
Short KC Wheat
KC wheat completed a descending triangle. I am short with a stop at 920 and a target of 805.
Long the Peso
I am long the Mexican Peso with a stop at 0.05062 and a target of 0.056. I typically do not trade weekly patterns that are so long in duration but I am impressed how strong the Peso has been in face of a rising US dollar.
Position Update
I had my stops moved to a breakeven point this morning on gas based on price action. The afternoon rally knocked me out.
I also got stopped out of silver for a small loss.
Positions Going Into Weekend
My stops for silver have been jammed to yesterday’s low (20.975).
STOCKS | ||||||
Symbol | Position | Date Position Opened |
Price Position Opened |
Week Closing Price |
Percent Change |
|
AEM | Long | 11/11/22 | 47.5 | 47.73 | 0.5% | |
Total Open Profit/Loss Stocks | 0.5% | |||||
FUTURES | ||||||
Symbol | Position | Date Position Opened |
Price Position Opened |
Week Closing Price |
Percent Change |
|
RB | Short | 11/18/22 | 2.35 | 2.3528 | -0.1% | |
SI | Long | 11/8/22 | 21.55 | 21.16 | -1.8% | |
Total Open Profit/Loss Futures | -1.9% |
Gas-Head and Shoulder Failure
Gas completed a head and shoulder failure today.
Update: I am short at 2.35 with my stops placed 2.4 and a target of 1.9.
Positions Going Into Weekend
STOCKS | ||||||
Symbol | Position | Date Position Opened |
Price Position Opened |
Week Closing Price |
Percent Change |
|
AEM | Long | 11/11/22 | 47.5 | 48.8 | 2.7% | |
Total Open Profit/Loss Stocks | 2.7% | |||||
FUTURES | ||||||
Symbol | Position | Date Position Opened |
Price Position Opened |
Week Closing Price |
Percent Change |
|
SI | Long | 11/8/22 | 21.55 | 21.895 | 1.6% | |
Total Open Profit/Loss Futures | 1.6% |