Post-Market Wrap-up – May 13, 2019

It was a turbulent day in the markets, as the Chinese announced their retaliatory responses to the tariffs imposed by the US on Friday. Below are our trades for the day.

Wheat – July 2019 Contract (10% Daily Return)
A nice recovery in the price of wheat allowed us to get in for a day trade. We were able to enter and exit for a 10% daily return.
S&P June 2019 Contract (3.4% Daily Return)
With the large overnight plunge in the S&P and the continued pressure to the downside, we had a Sell signal hit and were able to enter the market for a Short which netted a 3.4% daily return.