Japan’s market looks set to break out on the upside. I am willing to go long with a close above 28.6K
Oats is making a rectangle. I am willing to go short with a break below 315.
The ultra 10-year appears to be making a bottom here. I am willing to go long with a break above 124.
I am becoming very tempted to go bottom hunting in Natural Gas.
I took a small long position in INTC with a stop at 30.3 and a target of 37. It broke out a few days ago but I decided to wait for a pullback to go long.
I am long with a stop at 2.72 and a target of 3.02.
| STOCKS | ||||||
| Symbol | Position | Date Position Opened |
Price Position Opened |
Week Closing Price |
Percent Change |
|
| FUTURES | ||||||
| Symbol | Position | Date Position Opened |
Price Position Opened |
Week Closing Price |
Percent Change |
|
| 6B | Long | 4/4/23 | 1.253 | 1.2437 | -0.74% | |
| GC | Long | 4/4/23 | 2030 | 2024.2 | -0.29% | |
| MBT | Long | 3/14/23 | 26150 | 28060 | 7.30% | |
| ZB | Long | 134.3125 | 133 | -0.98% | ||
| Total Open Profit/Loss Futures | 5.30% | |||||
I am long the 30 year with a stop at 132’10 and a target of 142’10.
I am long the Pound with a stop at 1.24 and a target of 1.31.
I am long gold with a stop at 1980 and a target of 2200.
Small banks appear to be borrowing expensive money.
Small banks are the lifeblood lenders and financiers for small businesses and the job market. The fact that they are getting these expensive loans means something is going on. It could possibly be that commercial real estate, which heavily affects regional banks, is having issues with high vacancy rates. Problems for these regional and local banks will eventually hit the labor market. Any rally in US markets will be short lived.
| STOCKS | ||||||
| Symbol | Position | Date Position Opened |
Price Position Opened |
Week Closing Price |
Percent Change |
|
| Total Open Profit/Loss Stocks | 0.00% | |||||
| FUTURES | ||||||
| Symbol | Position | Date Position Opened |
Price Position Opened |
Week Closing Price |
Percent Change |
|
| CL | Short | 3/16/23 | 69 | 69.26 | -0.38% | |
| MBT | Long | 3/14/23 | 26150 | 27925 | 6.79% | |
| ZW | Short | 3/2/23 | 720 | 690 | 4.17% | |
| Total Open Profit/Loss Futures | 10.58% | |||||
Crude oil appears to have made a headshot doji today at the resistance level. This is very bearish. I am still short with my stops sitting at 72.6.
Pattern has completed. I am flat.
