My stops for soybeans and wheat have been moved to a breakeven point.
For bitcoin, half of my position is still at the original stop and the other half has been moved to a breakeven point.
Soybeans-Possible Top
Soybeans completed a possible rectangle top Friday. I have sell limits working to short soybeans at 1468 with a stop set at 1480 and a target of 1420.
Deposits in Commerical Banks Decline
For the first time in 50 years, overall deposits in commercial banks have begun to decline.
This will eventually spill over into the loan market. A recession this year is highly likely.
Positions Going Into Weekend
| 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 | 66.6 | 3.48% | |
| MBT | Long | 3/14/23 | 26150 | 27145 | 3.80% | |
| ZL | Short | 3/14/23 | 57 | 57.55 | -0.96% | |
| ZW | Short | 3/2/23 | 720 | 709.25 | 1.49% | |
| Total Open Profit/Loss Futures | 7.81% | |||||
Crude Oil Breaks Down
I have sell limits to go short at the 69 mark with a stop at 72.6 and a target of 60.
Long Bitcoin
Stop is at 24000 with a target of 35000.
Short Soybean Oil
I am short with a stop at 58.3 and a target of 49.3.
Bitcoin- Head and Shoulders
Bitcoin is about to complete a head and shoulders bottom. I will be looking to go long with a break above 26K.
Positions and Possible Trades
I only have one position- short wheat.
| 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 |
|
| ZW | Short | 3/2/23 | 720 | 683.25 | 5.10% | |
| Total Open Profit/Loss Futures | 5.10% | |||||
I have open orders to short Soybean Oil at the 58 mark as of right now. I might move them down to the 57 mark next week.
The Euro appears to be making a head and shoulder top. I will be looking to go short with a break below the 1.05 mark. 
It appears the bond markets may have put in a temporary bottom. Higher bond prices (lower interest rates) might be the trend over the next few months.
Soybean Oil
Soybean oil broke down from its head and shoulder pattern. I was busy and did not get a chance to short it. I will be looking to go short on any rally back to the 58 level.
