10-Year Target Met

I took profits on my short position in the 10-year. I jammed the rest of my stops at the 125 mark. The H&S failure pattern are some of the best trades to make besides the rectangle.

Bull Market Action

US stocks last week displayed bull market action. It recaptured the neckline and broke out from a falling wedge. It looks like it wants to challenge its all time high again. I am flat but I may take a long position with a break above the right shoulder (4600).

Positions Going Into Weekend

STOCKS
Symbol Position Date
Position
Opened
Price
Position
Opened
Week
Closing
Price
Percent
Change
CINF Long 3/18/22 130 129.3 -0.5%
DE Long 3/18/22 413.5 413.77 0.1%
Total Open Profit/Loss Stocks -0.5%
FUTURES
Symbol Position Date
Position
Opened
Price
Position
Opened
Week
Closing
Price
Percent
Change
6J Short 3/11/22 0.0086 0.008411 1.93%
ZN Short 3/9/22 126.56 124.66 1.50%
Total Open Profit/Loss Futures 3.4%

Futures Trade on the Radar

The New Zealand dollar is making a H&S bottom. I will be going long if it breaks the neck line. I may go long Sunday night on open.

The Brazilian Real looks set to advance.  I will go long with a break above 0.2.

The wheat markets look to have topped. I may short KC wheat with a break below 1020.

Long CINF and DE

I am long CINF with a stop at 125 and a target of 155.

I am long DE with a stop at 390 and a target of 490.

Yen-Target Reached

The Yen completed its pattern. I took profits. I have a small short position still open with a target of 0.0083.

Swiss Franc

The Swiss Franc completed a descending triangle. I am short with a stop at 1.071 and a target of 1.04. I am somewhat suspicious of this trade since it has been chopping sideways for so long. I intend to bleed risk out of this trade as quickly as possible.