New Positions

I am short copper with a stop at 3.8 and a target of 3.5.

I am short bitcoin with a stop at 38434 and a target of 22000.

I am short soybean meal again with a stop at 438 and a target of 399.

These are the only open positions I have going into the weekend.

Position Going Into Weekend

I had a 5% draw down this week. A lot of my positions went from large open profits to nothing very quickly in the past two days. I only have my short position in Oats open.

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
ZO Short 4/27/23 317 327 -3.15%
Total Open Profit/Loss Futures -3.15%

My account peaked at the 1st of the year. Since then, I have been in a draw down.

Of my last 34 trades, I have had only 3 winners.

Positions Going Into Weekend

My stops for NKD and ZW are at break even.

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
NKD Long 4/14/23 28550 29025 1.66%
ZM Short 4/26/23 428 432.5 -1.05%
ZO Short 4/27/23 317 313 1.26%
ZW Short 4/26/23 657 633.5 3.58%
Total Open Profit/Loss Futures 5.45%

Another Recession Signal

The Conference Board’s leading economic indicators composite has given a strong recession signal.

It has accurately predicted the last 8 recessions.
Besides nearly all the yield curves being inverted, money supply has turned further negative (-5.8%).

It is amazing the US market has held up this well since we have had nearly a year of negative money supply growth.
The bank loan officer surveys indicate tight bank lending standards.