Category: Trades

I am long the December 23 contract with a stop at 83.2 and a target of 95.9.

First target has been met. I took profits but still have a small long position.

Ultra bonds completed a head and shoulder top two weeks back. I am very suspicious of weekly chart patterns that span many years.

I may open a small short position next week. I will be looking for a bearish candle to form somewhere between the 180 to 184 mark.

The tepid rally in US bonds from the war in Ukraine was interesting. My personal opinion is US bonds put in a top that we will not retest for a long time.
I still have a small short position left in the 10-year. My stops will be closely trailing the 14DMA.

STOCKS
Symbol	Position	Date Position Opened	Price Position Opened		Week Closing Price	Percent Change
CINF	Long	3/18/22	130		136.63	4.9%
	Total Open Profit/Loss Stocks					4.9%
FUTURES
Symbol	Position	Date Position Opened	Price Position Opened		Week Closing Price	Percent Change
6L	Long	3/21/22	0.2		0.2112	5.58%
ZN	Short	3/9/22	126.5625		122.23	3.42%
	Total Open Profit/Loss Futures					9.0%

The energy markets are coiling into a symmetrical triangle. Three out of four times, this is a continuation pattern.

I am considering going long the crude oil December 23 contract if it breaks out to the upside. The volatility is much less and the risk I would take is more defined.

If there are more than 4 touches on the diagonal lines, I grew suspicious of the pattern.

I hate trading symmetrical triangles (or diagonal breakouts in general). Typically, what happens is shown below. It breaks out, then precedes to go sideways.

I got stopped out of bitcoin overnight.

The Russell 2K has not been nice lately. It has been a series of rectangles that have not worked out well.

Wheat hit my stops today. While I believe the wheat market has topped, I have no intention of shorting it again.

I am long the August contract with a stop at 137.2 and a target of 146. I am willing to loosely interpret this as a head and shoulder failure pattern. Not the best looking chart. The right shoulder never tested the neckline which is something I would have like to seen. My expectation for this trade is very low.

I have sell limits at the 1020 mark with stops at 1068 and a target of 850. I do not plan on chasing this market. If it pulls away on the down side from here, I will pull my sell orders. I tried to short today at the 1030 mark but my broker prohibited new entries into this market due to volatility.