Grain Trades

I will have two working orders tonight.
The first is to short wheat at 662 with a stop at 682 and a target of 600.

The second is to short Soybean Oil at 53.1 with a stop at 54.1 and a target of 48.

Positions Going Into Weekend

I closed out bitcoin for a profit. I got stopped out of INTC for a loss.

STOCKS
Symbol Position Date
Position
Opened		 Price
Position
Opened		 Week
Closing
Price		 Percent
Change
Total Open Profit/Loss Stocks N/A
FUTURES
Symbol Position Date
Position
Opened		 Price
Position
Opened		 Week
Closing
Price		 Percent
Change
NKD Long 4/14/23 28550 28690 0.49%
ZC Short 4/21/23 555 552 0.54%
Total Open Profit/Loss Futures 1.03%

 

Short Corn

Corn (September contract) completed a small head and shoulder continuation pattern. I am short with a stop at 565.5 and a target of 528.

Positions Going Into Weekend

I closed out gold for a loss.

STOCKS
Symbol Position Date
Position
Opened		 Price
Position
Opened		 Week
Closing
Price		 Percent
Change
INTC Long 4/12/23 32 31.89 -0.34%
Total Open Profit/Loss Stocks -0.34%
FUTURES
Symbol Position Date
Position
Opened		 Price
Position
Opened		 Week
Closing
Price		 Percent
Change
MBT Long 3/14/23 26150 30595 17.00%
NKD Long 4/14/23 28550 28565 0.05%
RB Long 4/12/23 2.78 2.7854 0.19%
Total Open Profit/Loss Futures 17.24%

How I Advance Stops

I move my stops at my own discretion. I do not have a fixed plan. For instance, bitcoin broke out from a large head and shoulder pattern. It than consolidated above the neckline and formed a small pennant. Once it broke out from the pennant, I moved my stops right below the pennant at 27680 mark.

Possible Trades

Japan’s market looks set to break out on the upside. I am willing to go long with a close above 28.6K

Oats is making a rectangle. I am willing to go short with a break below 315.

The ultra 10-year appears to be making a bottom here. I am willing to go long with a break above 124.

I am becoming very tempted to go bottom hunting in Natural Gas.

Long INTC

I took a small long position in INTC with a stop at 30.3 and a target of 37. It broke out a few days ago but I decided to wait for a pullback to go long.