Stock Picks & Trades

I exited the short KC wheat trade for a profit.

I got stopped out of soybeans for a loss. I will give this trade one more chance on the next breakout.

I got snookered again with the Swiss Franc. Late afternoon it winded up closing below the neckline. I may exit this trade Sunday night and take a break from looking at the Franc.

STOCKS
Symbol	Position	Date Position Opened	Price Position Opened		Week Closing Price	Percent Change
AEM	Long	11/11/22	47.5		51.48	8.4%
	Total Open Profit/Loss Stocks					8.4%
FUTURES
Symbol	Position	Date Position Opened	Price Position Opened		Week Closing Price	Percent Change
6S	Long	12/9/22	1.083		1.0826	0.0%
KE	Short	11/29/22	900		830.25	7.8%
ZS	Long	12/8/22	1500		1494.5	-0.4%
	Total Open Profit/Loss Futures					7.3%

Same stops and limits as before. Last shot at this trade.

Soybean Meal completed a rectangle pattern on Tuesday. I missed this trade, but this is a case example of a rectangle pattern. They are by far the most reliable patterns to trade. The best trades never look back after a breakout.

I just got whipped out in less than 15 minutes for a loss. I will wait for a closing price above today’s high before trying to go long again.

I am long the Swiss Franc (March 23 contract) with a stop at 1.078 and a target of 1.117. It is about to complete a small ascending triangle.

Longer term shows it is clearing major resistance and could be interpreted as a large  double bottom.

Soybeans completed an ascending triangle. I am long the July 23 contract with a stop at 1480 and a target of 1600.

I closed out my short position for a small loss.

The 5-year looks to be set for a head and shoulder failure. I usually wait until the right shoulder is broken but I am willing to take a preemptive position. Stop is at 109’235 with a 105 target.