Trade Spotlight: Futures – Weekly Summary: KC Wheat, Cattle, S&P
This is the Weekly Summary Email of the Trade Spotlight advisory service for the week ending on Friday, October 23, 2020.
Short the December 2020 Kansas City Wheat contract at 558’6 (10/23/20). Market settled at 569’6. Marked-to-market loss of $550.
Buy stop for the Kansas City Wheat contract on 580’0, above the twelve-month contract high, GTC. (Initial Risk: $1,062.50, plus including commission and fees)
Buy limit for the Kansas City Wheat contract on 500’0, near the 50% Fibonacci Retracement, GTC. (Reward: $2,937.50, minus commission and fees)
Stopped out of the short December 2020 Live Cattle contract from 111.275 (10/13/20) on 106.175 (10/21/20) for a profit of $2,040.
Stopped out of the short December 2020 E-mini S&P contract from 3431.00 (10/19/20) on 3421.00 (10/19/20) for a profit of $500.
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HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.
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