I am short with a stop at 7.9 and a target of 5.8.
Category: Trades
Bitcoin
Bitcoin is forming a H&S continuation pattern. I will be looking to go short with a close below 17.8K.
Bailed on Gold
I closed out the short position in gold for a small loss. The fact that it is hanging around after breaking down indicates a bear trap.
CHTR Update
My stops have been moved to a break even point on this trade.
Positions Going Into Weekend
STOCKS | ||||||
Symbol | Position | Date Position Opened |
Price Position Opened |
Week Closing Price |
Percent Change |
|
CHTR | Short | 9/6/2022 | 396.55 | 377 | 4.9% | |
Total Open Profit/Loss Stocks | 4.9% | |||||
FUTURES | ||||||
Symbol | Position | Date Position Opened |
Price Position Opened |
Week Closing Price |
Percent Change |
|
GC | Short | 9/16/22 | 1670 | 1684 | -0.8% | |
ZC | Long | 8/23/22 | 654.75 | 679.25 | 3.7% | |
ZN | Short | 8/24/22 | 117.421875 | 114.8 | 2.2% | |
Total Open Profit/Loss Futures | 5.1% |
Possible Trades
Not much to report.
Natural Gas appears to be making a H&S top.
Lean hogs is making a rectangle. I will take the trade in either direction.
Gold-Going Short
The weekly chart shows gold breaking down from its rectangle. I am short with a stop at 1705 and a target of 1380. This is a small short position. I have the feeling this will be a bear trap and we are at a bottom in gold.
Flat the Yen
I have exited the Yen short position. My target was 0.00675 but I do not want to roll over to the December contract. I reenter on the short side with a test of the 14 DMA.
Long the Peso
I am long the Mexican Peso (December Contract) with a stop at 0.04919 and a target of 0.05122.
The continuation chart shows a small rectangle continuation pattern. The fact that the Peso has been moving higher even with a higher US dollar makes me like this trade.
Positions Going Into Weekend
STOCKS | ||||||
Symbol | Position | Date Position Opened |
Price Position Opened |
Week Closing Price |
Percent Change |
|
CHTR | Short | 9/6/2022 | 396.55 | 407 | -2.64% | |
Total Open Profit/Loss Stocks | -2.64% | |||||
FUTURES | ||||||
Symbol | Position | Date Position Opened |
Price Position Opened |
Week Closing Price |
Percent Change |
|
6J | Short | 8/23/22 | 0.007326 | 0.007 | 4.33% | |
ZC | Long | 8/23/22 | 654.75 | 682.5 | 4.24% | |
ZN | Short | 8/24/22 | 117.42 | 115.5 | 1.64% | |
Total Open Profit/Loss Futures | 10.2% |