Overall, our portfolio was mixed on the day but we had some really nice movement in select positions. It was great to see Heating Oil (HO) hit a new 52-week high today – that’s a trend I expect to see continue over the following days/weeks. Also, Orange Juice had another nice move higher, so we’ll be moving our trailing stop higher to lock in more profits. Our Cocoa (CC) and Wheat (ZW) positions traded against us today but they just gave back a fraction of what they made us yesterday, so overall, I’m pretty happy with it.
For tomorrow, we’re looking to get long Midcaps (EMD) and Platinum (PL) on strength and get short Corn (ZC) and flip Coffee (KC) on weakness.
We’re rolling our Cocoa (CC) contract from July to September so we close our July position at Market on Close (MOC) and open the same position for September at the same time.
Have a great day.
NEW ORDERS:
| TICK | L/S | CONTRACT | $ ENTRY | $ STOP | NOTES |
|---|---|---|---|---|---|
| CC | SHORT | 2021-07 | BUY: MOC | Close: Roll Contract | |
| CC | SHORT | 2021-09 | SELL: MOC | Open: Cont Rolled | |
| EMD | LONG | 2021-06 | 2755.3 | 2719.3 | Pending fill |
| KC | SHORT | 2021-07 | 155.4 | 162.9 | Flipping from LONG if filled |
| PL | LONG | 2021-07 | 1175 | 1155 | Pending fill |
| ZC | SHORT | 2021-07 | 673 | 747 | Pending fill |
UPDATES:
| TICK | L/S | UPDATE | $ENTRY | $STOP | NOTES |
|---|---|---|---|---|---|
| JO | LONG | MOVE STP | 115.6 | 121.5 | |
| KC | LONG | Pending Flip to SHORT | Set order for double QTY to close from LONG to SHORT (if filled.) |