Bitcoin

Bitcoin is forming a H&S continuation pattern. I will be looking to go short with a close below 17.8K.

Bailed on Gold

I closed out the short position in gold for a small loss. The fact that it is hanging around after breaking down indicates a bear trap.

Positions Going Into Weekend

STOCKS
Symbol Position Date
Position
Opened
Price
Position
Opened
Week
Closing
Price
Percent
Change
CHTR Short 9/6/2022 396.55 377 4.9%
Total Open Profit/Loss Stocks 4.9%
FUTURES
Symbol Position Date
Position
Opened
Price
Position
Opened
Week
Closing
Price
Percent
Change
GC Short 9/16/22 1670 1684 -0.8%
ZC Long 8/23/22 654.75 679.25 3.7%
ZN Short 8/24/22 117.421875 114.8 2.2%
Total Open Profit/Loss Futures 5.1%

Possible Trades

Not much to report.
Natural Gas appears to be making a H&S top.

Lean hogs is making a rectangle. I will take the trade in either direction.

Gold-Going Short

The weekly chart shows gold breaking down from its rectangle. I am short with a stop at 1705 and a target of 1380. This is a small short position. I have the feeling this will be a bear trap and we are at a bottom in gold.

Flat the Yen

I have exited the Yen short position. My target was 0.00675 but I do not want to roll over to the December contract. I reenter on the short side with a test of the 14 DMA.

Long the Peso

I am long the Mexican Peso (December Contract) with a stop at 0.04919 and a target of 0.05122.

The continuation chart shows a small rectangle continuation pattern. The fact that the Peso has been moving higher even with a higher US dollar makes me like this trade.

Positions Going Into Weekend

STOCKS
Symbol Position Date
Position
Opened
Price
Position
Opened
Week
Closing
Price
Percent
Change
CHTR Short 9/6/2022 396.55 407 -2.64%
Total Open Profit/Loss Stocks -2.64%
FUTURES
Symbol Position Date
Position
Opened
Price
Position
Opened
Week
Closing
Price
Percent
Change
6J Short 8/23/22 0.007326 0.007 4.33%
ZC Long 8/23/22 654.75 682.5 4.24%
ZN Short 8/24/22 117.42 115.5 1.64%
Total Open Profit/Loss Futures 10.2%