Stock Picks & Trades

I am now flat corn. The last of my stops were at the 613 level. I got stopped out overnight. This is probably the end of corns bull move.

I had my stops for heating oil moved to a break even. I got stopped out yesterday. Based on today’s price action I have no interest in going long again.

I am flat the SOFR contract.
My stops for the Candian Dollar, SP500 and LPG have been moved to lock in profits.

I am long with a stop at 2.36 and a target of 2.64.

Gas looks like it is going to test the upper boundary of its rectangle. I got snookered twice this year trying to trade this market. I will be looking for a closing above 2.65 before going long. I am tempted to go long with a pull back to the 2.47 level.

Alternatively, I may trade the UGA ETF instead of the highly leveraged future contract.

STOCKS
Symbol	Position	Date Position Opened	Price Position Opened		Week Closing Price	Percent Change
LPG	Long	6/2/23	23.5		24.47	4.13%
	Total Open Profit/Loss Stocks					4.13%
FUTURES
Symbol	Position	Date Position Opened	Price Position Opened		Week Closing Price	Percent Change
6C	Long	6/15/23	0.75555		0.75875	0.42%
6J	Short	5/19/23	0.007266		0.00715	1.61%
ES	Long	6/2/23	4285		4457.5	4.03%
HE	Long	6/16/23	80.8		80.825	0.03%
SR3	Short	5/23/23	95.77		95.105	0.69%
ZC	Long	6/14/23	544		593.75	9.15%
	Total Open Profit/Loss Futures					15.93%

For SOFR contract, I took profits and jammed stops.

The entire new crop of grains has been exploding higher the last few days. Corns target was reached today. I took profits on half of my position. The remaining I will use my ‘Last Day Rule’. I will move stops to the close of the previous day. Weather conditions could cause corn to keep going limit up. I want to ride this wave as long as possible.

I will be looking to go long on a pull back to the 2.42 level. The energy markets in general look very bullish. I might not get a pullback.

The February 24 contract completed a head and shoulder bottom yesterday.
I have buy limits at the 80.8 level with a stop at 79.5 and a target of 88. I will hold these orders open probably into next week depending on price action.

I am long the September contract with a stop at 0.748 and a target of 0.772.

I am long December Corn with a stop at 525 and a target of 595.

STOCKS
Symbol	Position	Date Position Opened	Price Position Opened		Week Closing Price	Percent Change
LPG	Long	6/2/23	23.5		23.58	0.34%
	Total Open Profit/Loss Stocks					0.34%
FUTURES
Symbol	Position	Date Position Opened	Price Position Opened		Week Closing Price	Percent Change
6J	Short	5/19/23	0.007266		0.00719	1.10%
ES	Long	6/2/23	4285		4352.5	1.58%
SR3	Short	5/23/23	95.77		95.335	0.45%
	Total Open Profit/Loss Futures					3.13%