Category: Trades

Positions Going Into Weekend

Short Natural Gas and long Corn. Small positions in both markets.

STOCKS
Symbol Position Date
Position
Opened		 Price
Position
Opened		 Week
Closing
Price		 Percent
Change
Total Open Profit/Loss Stocks 0.0%
FUTURES
Symbol Position Date
Position
Opened		 Price
Position
Opened		 Week
Closing
Price		 Percent
Change
NG Short 11/30/21 4.51 4.11 8.87%
ZCU22 Long 10/27/21 547.5 562 2.65%
Total Open Profit/Loss Futures 11.5%

Possible Trades Next Week

The Ultra T bonds made an ugly H&S continuation pattern. I may take a long position on a pull back to the 203 level.

The Aussie Dollar appears to have completed a large H&S top. I will consider a short position on a rally next week.

The Canadian Dollar is making a similar pattern. Although, it is a lot uglier. The long drawn out right shoulder is never a good sign.

The Euro is leading the pack. I took a small shot at shorting this a while back here but got stopped out for a loss.

Small Short On NASDAQ

I opened up a small short position on the NASDAQ. It will only represent a risk of 0.14% of my nominal account value. Stop is at 16065 with a target of 15200.
Update-I got stopped out for a loss.

Possible Sell Off Coming

It feels as though US stocks are about to sell off hard.
Note: This is my opinion. An opinion is not a trade. As of right now, I have no intention of shorting any stocks. I own no stocks. As of right now, I will sit on the sidelines and see how it plays out.

Soybean Oil at Critical Point

The Soybean Oil continuation chart appears to be at a critical support level. A close below 54 will likely send this market tumbling. I am short the May contract which is right at the 200 DMA. A close below 54 will flash another sell signal for me. I will possibly double my short position. I generally do not like to open large positions in December. The lack of liquidity brings choppy markets. A post will follow if I decided to pyramid this trade.

Reselling on a Test

I will be looking to enter on the short side of the Peso again. I am waiting for a down day or a bearish candle to form at the resistance. Something that gives me an indication it will roll over again. A close above 0.04781 will invalidate this interpretation.

Soybean Oil

I have been bearish on this market for a while. Today, Soybean Oil flashed a sell signal. I will open a small short position (May Contract) at the 56 level with a stop at 58 and a target of 50.
Update: My sell orders got filled overnight at 56. However, I moved my stops to 57.62 instead of 58.