Author: s4k

Tesla- Look Out Below

I believe US stocks are headed much lower. Tesla is about to complete a multi-year head and shoulder top. This measure down to the 25 mark.

I do not trade massive multi-year patterns. This is just an observation.

Positions Going Into Weekend

I am just short Natural Gas.

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
NG Short 9/22/22 7.5 6.465 13.8%
Total Open Profit/Loss Futures 13.8%

Lean Hogs-Target Met

Lean hogs completed its rectangle top. I still have a small short position open with my stops jammed. My next target is set at 74.

Positions Going Into Weekend

STOCKS
Symbol Position Date
Position
Opened		 Price
Position
Opened		 Week
Closing
Price		 Percent
Change
ABNB Short 9/22/22 105.5 105.91 -0.4%
CHTR Short 9/6/22 396.55 307.2 22.5%
Total Open Profit/Loss Stocks 22.1%
FUTURES
Symbol Position Date
Position
Opened		 Price
Position
Opened		 Week
Closing
Price		 Percent
Change
GC Short 9/30/22 1680.4 1670 0.6%
HE Short 9/26/22 84.45 79.5 5.9%
NG Short 9/22/22 7.5 6.83 8.9%
Total Open Profit/Loss Futures 15.4%

Stock Position Update

For the Airbnb short position, my stops have been moved to this weeks high.

For the Charter short position, my stops have been moved 328.9. This pattern is nearly completed.

Short Gold-Again

I am going short gold one last time. My stop is at 1705 with a target of 1350. This is a very small short position.

The October Effect

The month of market crashes is starting. Money and credit continue to decline.

This is about a sure sign as any that US stocks have much further to fall. It very likely that this month we will see a stock market panic.