Author: s4k

Commodities Look Set to Plunge

The Bloomberg Commodity Index looks set to fall further. The daily volume on this contract is less than 5,000. I usually do not trade instruments which such light volume. It is possible I open a short position tomorrow morning.

Long Live Cattle

I took a long position in cattle. It completed a symmetrical triangle a few trading days ago. As typical with cattle it tends to always retest its breakouts.
Stop is at 156.6 with a target of 162.

Short The Real

The Brazilian Real broke down from its rectangle. I am short with a stop at 0.18485 and a target of 0.16985.

Positions Going Into Weekend

STOCKS
Symbol Position Date
Position
Opened		 Price
Position
Opened		 Week
Closing
Price		 Percent
Change
Total Open Profit/Loss Stocks N/A
FUTURES
Symbol Position Date
Position
Opened		 Price
Position
Opened		 Week
Closing
Price		 Percent
Change
ES Short 12/14/22 4052 3860 4.7%
MBT Short 12/16/22 16650 16530 0.7%
PL Long 12/29/22 1068 1084 1.5%
ZS Long 12/27/22 1510 1524.3 0.9%
Total Open Profit/Loss Futures 7.9%

Long Platinum

Platinum completed a small rectangle pattern. I am long with a stop at 1048 and a target of 1140.

The Coming Market Crash of 2023

There is no question that sometime next year a massive stock market panic is going to occur similar to 2008 crisis. Money supply going negative is a rare event. The fact that it has went negative and stayed negative has not happened since I have been following monetary data.

All key yield curves have gone deep into negative territory.

It is very unlikely that this does not result in a massive stock market sell off sometime next year.