This is the Weekly Summary Email of the Trade Spotlight advisory service for the week ending on Friday, October 16, 2020.
Short the December 2020 Live Cattle contract at 111.275 (10/13/20). Market settled at 108.625. Marked-to-market profit of $1,060.
Buy stop for the Live Cattle contract on 109.675, above Friday’s session high, GTC. (Profit: $640, plus including commission and fees)
Buy limit for the Live Cattle contract on 102.000, a potential support level, GTC. (Reward: $3,710, minus commission and fees)
Sell the December 2020 E-mini S&P contract at 3431.00 on a stop order. If not filled, re-work the order for the next session until otherwise notified.
Risk: Place buy stop on 3,446.00 (Risk: $750, plus including commission and fees)
Target: Open, but the position will be liquidated by the close.
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