Short Dec ZW at 896
Long Dec GC at 1678
Long Sep ZN at 133 ‘180
The ZN position I will not be keeping for long; I believe the trade is asymmetric with any bad news from Europe driving it higher; stop at ‘140 which is just below lows earlier in evening. Long term I want to be short ZN and may flip this position in short order. ZW traded up, then flat, then up when trading opened at 6 pm eastern, pretty much following Soybeans which are breaking out but Wheat looks like it wants to go down. Gold is a long and short term disposition that is a position right now. Short wheat into a purportedly bullish ProFarmer report wasn’t too comfortable this weekend but news had been issued throughout the week. Rains in the southern united states should bode well for a short Wheat position. If Corn, Wheat and Soybeans all were breaking out definitely would go long.
Looking possibly to play Apple long and Las Vegas Sands short tomorrow.
UPDATE 1:15 am – indeed traded out of ZN at 133 ‘215 after it started drifting down from ‘240, a nice small gain and driven by Apple opening at 677- just at highs but only 7,000 shares traded. More on Apple another time. Not sure where to set a stop loss but not too worried about it.