Author: s4k

Wheat-Possible Trade

Wheat looks to be putting in bottom here. I may go long at the 850 level with a stop at 815 and a target of 950.
Update: I am long but my stop is at 830.
Update again: I bailed on half of my long position. It is about to close below the neckline. Not something I want to be holding overnight. I may go back to 100% long depending on tomorrows close.

Short Crude Oil

The December Contract broke down from its rectangle today. I am short with a stop at 87 and a target of 75.

Short CHTR

CHTR broke down from a descending triangle. I am short with a stop at 420 and a target of 295.

Blown Trade of the Year

I bailed on the Euro Dollar short position on 8/11 for a small loss. Looking back, I have no idea why I got scared out of this position. This was my emotions getting the best of me.

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 8/23/22 0.007326 0.0073 0.49%
ZC Long 8/23/22 654.75 665 1.57%
ZN Short 8/24/22 117.421875 117.56 -0.12%
Total Open Profit/Loss Futures 1.9%

Stock Market Crash Coming

Money supply growth went further negative. This is the most negative recording since records have been kept.

Margin debt is also collapsing.

Some of the yield curves have went further negative.
It is getting difficult for me to see how this does not result in some type of stock market panic in the coming months.

Short the 10-Year

The 10-year completed a failed head and shoulder pattern. I am short with a stop at 118’135 and a target of 112.

Long Corn

Corn completed a reversal ascending triangle. It could also be interpreted as a sloppy head and shoulder bottom. I am long with a stop at 637 and a target of 727.

Short The Yen

The Yen completed a head and shoulder failure pattern. I am short with a stop at 0.0074405 and a target of 0.00675.