Author: ChasW

S&P 500 Futures

Market Pressures_

Copper is in a move up. Gold is at upside targets; Silver as well.

Crude is in a new move up. Natural Gas slides even lower.

The US 30 year Treasury Bond is signaling a new move lower.

The US Dollar futures are 2% off the highs.

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S&P 500 Futures_

Monthly – Touched the potential short entry early in the month but quickly rallied off that to these new highs. Trade pressures are up. Volumes closed the month of May as bearish and on large volume. The volume so far this month seems to be decidedly lower. The next target up is 3408. A close below the 2735 level would confirm any weekly move lower.

Weekly – In the new move up from the 2878 entry level. Trade pressures are up but declining. Volumes are bullish. The next target up is 3048. A close below 2806 would confirm any daily mover lower.

Daily – Flat. At the May highs of 2969 which are the expected targets. Trade pressures are up. Volumes are bullish.

The next target up is 3114. But,expect consolidation here.

A close below 2913 would signal lower. The 60 minute charts are already in a new move down from 2958 with a 2925 downside target.

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Navellier Top 8 Stocks – The $100,000 model portfolio has moved back up nicely; now slightly over $114,000 for the year to date.

 

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

US$$

#usdollarfutures  #ustreasurybondfutures USD_ DXU19 Weekly – The 1-1/2 year long move up to the 97 highs is now in consolidation. Trade pressures are neutral. Volumes are bearish. Daily – The 97.68 upside May target was met almost to the dime. Trade pressures are down. Volumes are bearish. June has been in the slow move down…

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Oil & Gas

#crudeoilfutures #naturalgasfutures CRUDE_ CLQ19 Weekly- After reaching the 65 level, price pulled back to the prior long entry price at 51.17. Trade pressures are down into the neutral zone. Volumes are bearish. Daily – Long. Also reacting to the WH-Iran mess. Trade pressures are up into the neutral zone. Volumes are bullish. In the new…

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Metals

#copperfutures #goldfutures #silverfutures COPPER_ HGN19 Weekly – The prior lows held support. Trade pressures are down. Volumes are bullish. Daily – Long. In the trade from the 2.63 long entry. Trade pressures are up. Volumes are neutral. Consolidating at the 2.70 target. The next target up is 2.76. A close below 2.64 would signal lower….

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S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper shows a new long entry signal. Gold was stopped out with a nice profi. Silver is in a new long entry.

Crude oil is in a move down into the 40’s. Natural gas looks sold out; maybe a rally soon?

US 30 Year Treasury bonds are near up side targets and could correct.

The US Dollar futures are in a new move up.

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S&P 500 Futures_

Monthly – In the move up from the 2904  long entry. Trade pressures are up. Volumes closed the month of May as bearish. The next target up is 3408. A close below 2735 would confirm any weekly move lower.

Weekly  – In the move down from the 2806 short entry. Trade pressures are up but declining. Volumes are bullish.

The next target down is 2648.

A close above the 2879 level would confirm any daily move higher.

Daily – Flat. In the move up from the 2789 long entry. Took profits at the 2888 Resistance level. Trade pressures are up and extended. Volumes are neutral.

The next target up is 2865.

A close below 2860 would signal lower.

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Navellier Top 8 Stocks – The $100,000 model portfolio has moved back up to $114,000 with the weeks rally.  Up approximately 14% year-to-date.  Market averages are slowing so these better Navellier fundamentals should outperform.

 

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

 

 

US$$

#usdollarfutures  #ustreasurybondfutures USD_ DXU19 Weekly – Consolidating at the 97.52 upside target. Trade pressures are in the neutral zone. Volumes are bullish. Daily – In a new move up from the 96.26 level. Trade pressures are up into the neutral zone. Volumes are bullish. The next target up is 97.34. A close below 96.11 would…

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Oil & Gas

CRUDE_ CLN19 Weekly – Retesting the old weekly long entry at 51.70. Trade pressures are down into the neutral zone. Volumes are bearish. Daily – Flat. Storage builds rising. Trade pressures are down. Volumes are bullish. The next target down is 46.90. A close above 56.06 would signal higher.   NAT GAS_ QNN19 Weekly -…

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Metals

#copperfutures #goldfutures #silverfutures COPPER_ HGN19 Weekly – At the July 2018 lows. Trade pressures are down. Volumes are bearish. Daily – Flat. Consolidating at the 2.63 downside target. Trade pressures are up. Volumes are bearish. Have a new long entry at 2.63. Seems illogical with the Trade talks dragging on, but can’t let a single…

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S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is at the downside targets, look for a releif rally Gold and Silver are in rally mode.

Crude dropped with the equity market. Natural gas is at new lows.

The US 30 Year Treasury Bond broke above the 2017 highs on strength.

The US Dollar rallied all week then dropped sharply on Friday, a “tweet day”.

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S&P 500 Futures_

Monthly –  Sold off all month. Trade pressures are up. Volumes closed the month of May as Bearish. The next target up is still 3408. A close below 2735 would confirm any weekly move lower.

Weekly – Tested the October highs and began to sell off. Trade pressures are up but turning down. Volumes are bearish. Closed below the 2802 short signal. The next target down is 2644. A close above 2900 would confirm any daily move higher.

Daily – Short. In the move down for the 2842 short entry signal. Trade pressures are down. Volumes are bearish. The next target down is 2732.

A close above 2805 would signal a retracement higher.

[6-3-19: Lower stops to the 2755 long entry on the 60 min charts.]

[6-4-19: Stop triggered, out at 2755.]

[6-6-19: Wed’s close above the 2805 level set a new long entry. Raise the stops to this entry price.]

[6-7-19: Major resistance at the 2888 level. Take profits there. Raise the stops to 2837.]

[6-10-19: profit stop st 2888 hit. ]

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Navellier Top 8 Stocks –  The move down in the equity markets has taken the Navellier stocks down as well. The $100,000 model portfolio is now valued at $109,000, or up about 9% on the year. The tariff decisions are disrupting international trade relations with long standing trading partners and taking their toll.

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