Author: ChasW

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper breaks out of the 2.89-2.94  channel to test the 2.99 target and then immediately falls back into the channel. Gold and Silver remain in the move down.

Crude oil is in consolidation at the 64.91 target. Natural gas breaks down below the 2.57 lows.

The US 30 year Treasuries are in the move down as rates rise marginally.

The US Dollar futures are in a sharp move up as the retail numbers came in better than expected,

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S&P 500 Futures_

Monthly – Above the 2904 long confirmation level. Trade pressures are up. Volumes closed the month of March as bullish. The next target up is the old high at 2951. A close above the 2904 would confirm any weekly move higher.

Weekly – In the move up from the longer cycle 2592 long entry. Trade pressures are up. Volumes are bullish. The next target up is 2976. A close below the 2765 level would confirm any daily move lower.

Daily – Flat. In the new move up fro m the 2862 long entry trigger. Trade pressures are up and trending. Volumes are bullish.

The next target up is 2976.

A close below 2802 would signal lower.

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Navellier Top 8 – The $100,000 model portfolio drops back to $118,000 for the year-to-date. The earnings reports have generally been good, but Atlassian lowers the next quarter projections and stock price drops.

 

[The author may have long or short positions in any of the securities mentioned.]

US$$

#usdollarfutures  #ustreasurybondfutures USD_ DXM19 Weekly – Pushing up against the 97 levels once again. Trade pressures are now up. Volumes are neutral. Daily – In the move up from the 95.89 level and closing just at the old highs. Trade pressures are now up . Volumes are bullish. Touching the March highs, but not closing…

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Oil & Gas

#crudeoilfutures #naturalgasfutures CRUDE_ CLM19 Weekly – In the move up from the 61 level. Trade pressures are up. Volumes remain bullish. Daily  – Flat. At the 64.91 target area and in consolidation. Trade pressures are up but declining. Volumes are now neutral. The next target up is this 64.91 level. Beyond that is the 72…

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Metals

#copperfutures #goldfutures #silverfutures COPPER_ HGK19 Weekly – Contract rolls the 25th of April. Trade pressures are up. Volumes are neutral. Strong resistance at the 2.98 level. Daily – Flat. A beak out of the 2.94 channel sent price to the 2.99 level and then an immediate reversal to 2.92. Trade pressures are in the neutral…

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S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is range bound during the uncertainties surrounding the trade discussions. Gold and Silver are consolidating at downside targets.

Crude Oil is at upside targets, so look for a move loer. Natural Gas is still basing at the 2.57 level.

The US 30 Year Treasuries are in a move down inside the longer cycle upmove.

The US Dollar futures are pulling back from the $97 dollar level.

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S&P 500 Futures_

Monthly – The close above the 2900 level now confirm the weekly move higher. Trade pressures are  rising into the neutral. Volumes closed the month of March as bullish. The next target up is 3408. A close below 2730 would confirm any weekly move lower.

Weekly – In the move up from the 2423 level in December. Trade pressures are up. Volumes are bullish. The next target up is 2976. A close below 2766 would confirm any daily move lower.

Daily – Flat. In the move up from the new long entry at 2862. Trade pressures are up. Volumes are bullish.

The next target up is 2976.

A close below 2796 would signal a new  move lower.

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Navellier Top 8 Stocks – The $100,000 model portfolio closed the week above the $119,000 value. Ist Qtr 2019 earnings season begins next week. Navellier Buy List stocks are characterized by 17.3% average annual sales growth and 63.6% average annual earnings growth. So, while the general market may be projecting a slowdown in the growth rates, the investors should begin to focus on those select stocks that have better than average expectations.

 

[The author may have long or short positions in any of the securities mentioned.]

US$$

#usdollarfutures  #ustreasurybondfutures USD_ DXM19 Weekly – Pulled back for the 97 level. Trade pressures are up into the neutral zone. Volumes are neutral. Daily – 12 days of no direction. Trade pressures are down into the neutral zone. Volumes are bullish. A break of the 96.50 would signal lower. 97.65 remains the next target up….

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Oil & Gas

#crudeoilfutures #naturalgasfutures CRUDE_ CLK19 Weekly – Contract rolls late this week. Trade pressures are up. Volumes are bullish. The next weekly target up is 65.24. Daily – Flat. The 64.91 target is acting as resistance. Trade pressures are declining and are near the neutral zone. Volumes are mixed bearish then bullish. The next target up…

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Metals

#copperfutures #goldfutures #silverfutures COPPER_ HGK19 Weekly – Contract rolls on the 17th. Trade pressures are up and declining. Volumes are neutral. Daily – Flat. In the 2.89 – 2.94 trading range and  moving with the equity markets. Trade pressures are down. Volumes are bullish. The short entry is 2.89. The long entry is 2.94. No…

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S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in a new short trade. Gold is in the move down but near support. Silver is similar to the gold move.

Crude remains in the move up but near upside targets. Natural gas is basing around the 2.55 level and looking lower.

The US 30 Year Treasuries are rising but should be limited to moves in the dollar.

The US Dollar futures are pulling back from a test of the 97 highs.

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S&P 500 Futures_

Monthly – This retracement up is looking to test the old highs. Trade pressures are up. Volumes closed the month of March as bullish. Still in the move down and the next target down is 2372. A close above the 2904 level would confirm any weekly move up.

Weekly – Closed on the 2898 high for the week. Trade pressures are up. Volumes are bullish. The next target up is 2976. A  close below 2748 would confirm any daily move lower.

Daily – Long. In the new move up from the 2862 new long entry price. Trade pressures are up and trending. Volumes are bullish. The next target up is 2976, A close below 2779 would signal a new move lower.

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Navellier Top 8 Stocks – The $100,000 model portfolio value is about $117,000 for the year to date. Earnings for the 1st quarter (1Q19) begins next week.

 

[The author may have long or short positions in any of the securities mentioned.]