Category: Trades

Lots of break even stops for me this week.

STOCKS
Symbol	Position	Date Position Opened	Price Position Opened		Week Closing Price	Percent Change
MU	Long	5/22/23	65		68.95	6.08%
	Total Open Profit/Loss Stocks					8.20%
FUTURES
Symbol	Position	Date Position Opened	Price Position Opened		Week Closing Price	Percent Change
6J	Short	5/19/23	0.007266		0.00716	1.45%
ES	Long	6/2/23	4285		4337	1.21%
SR3	Short	5/23/23	95.77		95.485	0.30%
	Total Open Profit/Loss Futures					2.96%

I am long with a stop at 4217 and a target of 4600.

I bailed on Bitcoin. No interest in holding it over the long weekend.

STOCKS
Symbol	Position	Date Position Opened	Price Position Opened		Week Closing Price	Percent Change
MU	Long	5/22/23	65		73.7	13.38%
	Total Open Profit/Loss Stocks					13.38%
FUTURES
Symbol	Position	Date Position Opened	Price Position Opened		Week Closing Price	Percent Change
6A	Short	5/24/23	0.65405		0.65175	0.35%
6J	Short	5/19/23	0.007266		0.00714	1.74%
HG	Short	5/12/23	3.73		3.6745	1.49%
NG	Long	5/26/23	2.382		2.397	0.63%
SR3	Short	5/23/23	95.77		95.395	0.39%
ZB	Short	5/18/23	128.34		126	1.82%
	Total Open Profit/Loss Futures					6.43%

I am long with a stop at 2.235 and a target of 3.3.

I am short with a stop at 0.6614 and a target of 0.6344.

I am short three-month SOFR (March 2024 Contract) with a stop at 96 and a target of 95.

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.

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%

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.

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.