I bailed on Soybeans for a loss.
Year End Performance
Long orange juice and short lumber said no one ever.
Positions Going Into Weekend
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 |
|
ES | Short | 12/14/22 | 4052 | 3860 | 4.7% | |
MBT | Short | 12/16/22 | 16650 | 16530 | 0.7% | |
PL | Long | 12/29/22 | 1068 | 1084 | 1.5% | |
ZS | Long | 12/27/22 | 1510 | 1524.3 | 0.9% | |
Total Open Profit/Loss Futures | 7.9% |
Long Platinum
Platinum completed a small rectangle pattern. I am long with a stop at 1048 and a target of 1140.
The Coming Market Crash of 2023
There is no question that sometime next year a massive stock market panic is going to occur similar to 2008 crisis. Money supply going negative is a rare event. The fact that it has went negative and stayed negative has not happened since I have been following monetary data.
All key yield curves have gone deep into negative territory.
It is very unlikely that this does not result in a massive stock market sell off sometime next year.
Long Soybeans
I am long with a stop at 1480 and a target of 1625.
Closed Out AEM
I closed out my long position in AEM for a decent profit.
Short Bitcoin
I took a small short position in Bitcoin. Stop is at 18240 with a target of 10000. It completed a descending triangle a few weeks back and has been lingering around. Its retest today looks like bearish price action to me.
SP500-Break Even Stops
My stops are moved to a break even point.
Short SP500
I decided to take a short position in the SP500. Its bumping up against the upper channel. Stop is at 4120 with a 3600 target. This is a very small short position.