Short Airbnb

Airbnb made a beautiful head and shoulder failure pattern. I am short with a stop at 113.7 and a target of 70.

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%

Housing Market

The housing market seems to be letting up.

I do not think we will see a 08-09 housing type crash where prices year over year went down 30 plus percent.  But over the next year there will be better deals for buyers then today.

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.