Stock Picks & Trades

Corn completed its pattern. I am flat.

I am short with a stop at 340 and target of 250.

Soybean Meal broke down from its head and shoulder pattern. I am short with a stop at 437 and a target of 399. The entire grain complex looks weak.

I went short with a stop at 677 and a target of 595.

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.

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%

 

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.

I am long with a stop at 28250 and a target of 30000.

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.