This is a sample entry from Don DeBartolo’s email newsletter, Trade Spotlight:Futures, published on Wednesday, May 18, 2016.
There is a trade opportunity based on a Trend Line breakout today in the Lean Hogs market. Trend Seeker is Up, but with a Weak ranking. However, the MACD and Stochastic indicators have hooked bearish already. Anticipating the Trend Seeker to change to Down as the 20-day and 50-day Moving Averages have crossed over.
Sell the June 2016 Lean Hog contract at 81.500 using a limit order, GTC.
Initial Margin = $1,320 Maintenance Margin = $1,200
If filled:
Stop loss: Place buy stop on 83.500, on the other side of the trend line and above the 5/12/16 high, GTC (Risk: $800)
Target: Place buy limit on 76.800, the 4/15/16 pivot point low, GTC. (Profit: $1,880)
June 2016 Lean Hogs Chart
Contact your Daniels Trading broker by phone or email to place this trade.
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