Author: s4k

Banks in Trouble

Total borrowing from the Fed is rising. In January of 08 banks began to borrow from the Fed. A few months later, the 2008 stock market crash occurred.
Banks are borrowing again. Not a good sign for the stock market.

Commerical deposits keep decreasing. This is starting to hit the loan market. All the warning signs are here.

Positions Going Into Weekend

STOCKS
Symbol Position Date
Position
Opened		 Price
Position
Opened		 Week
Closing
Price		 Percent
Change
Total Open Profit/Loss Stocks
FUTURES
Symbol Position Date
Position
Opened		 Price
Position
Opened		 Week
Closing
Price		 Percent
Change
6J Short 5/19/23 0.007266 0.00728 -0.25%
HG Short 5/12/23 3.73 3.728 0.05%
MBT Short 5/12/23 26600 27075 -1.79%
ZB Short 5/18/23 128.34 127.38 0.75%
Total Open Profit/Loss Futures -1.23%

Possible Stock Trade

I will be looking to go long MU with a pull back to the 65 level. I will probably have these open orders all next week. Recently, US stocks have been having hard retest after a breakout. Time will tell.

Potentional Trades

Natural Gas is possibly putting a bottom in here. If a right shoulder forms, I will go long on the breakout.

I will be looking to go short SOFR if it breaks down.

The SP500 is very close to breaking out on the upside. I am on a major losing streak with US stocks so I may pass this one up or make it a very small long position.

The Australian Dollar is making a rectangle. I prefer to be short but will take the breakout in either direction.

It could be argued that the Candian Dollar is in a large symmetrical triangle. When symmetrical triangles go on for this long and have many touches, I tend to lose interest.

Short the Yen

The Yen completed a running wedge. Not something I usually trade but the chart looks like it wants to fall fast. I am short with a stop at 0.007371 and a target of 0.0068639.

What Could Have Been

I got stopped out of the Nikkei 225 for a small gain last week. It has since done a 180 turn and went straight to its target.