Stock Picks & Trades

I am short with a stop at 14855 and a target of 13500.

I am still long corn. I would have bailed Friday but was away from my computer. Generally, once it makes a weekend close below the neckline, I go flat.

I got stopped out of the 2-year for a loss. The bond market might be making an intermittent bottom here.

Stocks look like they want to drop much further. I have been totally out of sync with US stocks since May 2021 though. Nevertheless, I plan to take a short position on a break down.

Gold looks set to advance here. A break above 2100 and I will be look to go long.

This looks like a bottom to me. I will be going long at 502 with a stop at 490 and a target of 531.
Update: I am long at 504.

I am short with a stop at 101’100 and a target of 100.

I am now flat.

I bailed on this market. It flirted with my stops early morning. I have no interest in a market that breaks down and hangs around the breakdown point.

I am short with a stop at .64 and a target of .618.

I took a small short position. Stop is at 4400 with a target of 4100.

The SP500 broke down from a head and shoulder top. I have an interest in being short this market.

I also have an interest in being long AFL and COST if they break out to the upside.

Any position in stocks will be very small. There just does not seem to be any follow through with US stocks on breakouts. They tend to linger around breakout points and/or do hard retests.

Silver looks set to breakdown from its triangle. I am considering a short position if it does.

The Aussie dollar is forming a small rectangle. I have a desire to be short if it breaks down.

Below is a chart for educational proposes. Orange juice just completed its multiyear rectangle. I rarely trade OJ or multiyear patterns. Just found it interesting.