Author: ChasW

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Summary:

Copper consolidating below the 200 day MA resistance.  Gold rallies, still above the OB levels. Silver rallies, but again stopped at the downtrend line from October.

Crude now a short.  Natural Gas testing the support of the uptrend parallel.

The US 30yr Treasury Bond moves up off lows and is now forming a Bull Flag. The 10yr yields holding around the 4.60%.

The US Dollar is a short.

_________________

S&P 500 Futures   #ESH25

Monthly –Monthly bar contained within the Median line parallels from October 2022. Trade pressures remain up. Volumes closed the month of December as bullish.  The 6181 price remains the high. The next target up is 6633.  A close below 5870, would confirm a weekly move lower. The next target down would be 5523.

Weekly – The weekly is tested those retracement lows and rallied from there.  Trade pressures remain down. Volumes remain bullish. The 5834 downside target was met  The close above the prior week’s high of 6051 signaled a new move up.

Daily – Long. Moved up thru the trendline from the December 6181 high at 6028 on 1/21, then the price extension entry at 6028, and confirmed by the upper Median Line parallel on 1/23. Trade pressures are now up.  Volumes remain bullish.
The next target up is 6171.

[Set the SL at 6097, the 2hr short entry.]

[1-26-25: Short from 6097, in the Sun nite session on China AI news. Set SL at BE, 6097.]

The expected oversold level rises to 5891.
The expected overbought level rises to 6151.

___________________

Navellier Top 5 Stocks – This Top 5 model portfolio begins each year at $100,000. The Top 5 Growth stocks are tracked throughout each year. This portfolio is marked to the market and is restarted at $100,000 for the 2024 year.

These Navellier Top 5 portfolio stocks closed:
Down 35% for the 2022 Year.
Up 17% for the 2023 Year.
Up 42% for the 2024 Year.

Portfolio stock values for 2025. 
The portfolio value rises at $113,000.
The Year-to-Date portfolio performance is  up 13%.

[The author may be long or short any of these issues mentioned],

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXH25

Weekly –  In the October 2024 uptrend.  Trade pressures are up. Volumes remain bullish.

Daily – Short. In the new move down from the 108.61 short entry. Trade pressures are down.  Volumes remain bearish.

The next target down is 106.56. The expected oversold levels declines to 107.51.

A close above 108.24 would signal higher. The expected overbought level rises to 109.98.

 

US30YR T-BOND_ USH25

Weekly – In a new October 2024 downtrend.  Trade pressures are down.  Volumes are bearish.

Daily  – Flat. In the move up off the 110-20 lows. Trade pressures are now down.  Volumes remain bullish.

A close above 113-10 would signal higher. Overbought levels are 120-26.

A close below 112-19 would resume the move down. Oversold levels are 108-30.

[The 10yr yield overbought level rises to 4.84%, the oversold level is now 4.55%.
Higher inflation expectations continue thru 1Q25 and 2Q25.]

[1-27-25: Long from 113-31 in the early am session. Set SL @ 112-15.]

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLH25

Weekly – In the new January 2025 uptrend. Trade pressures are up but declining. Volumes are neutral.

Daily – Short. In the move down from 76.62 on 1/21.  Trade pressures are down. Volumes remain bearish.

The close below 75.48 did signal lower. The next target down is 72.48.  The expected oversold level rises to 73.65.

Touched the OB level. The next target up is 80.17. The expected overbought levels declines to 78.99.

[Set the SL at 76.07.]

 

NAT GAS_ NGH25

Weekly – In the new January 2025 uptrend. Trade pressures are up.  Volumes remain bullish.

Daily – Flat.  Stopped out of the February contract short trade for a small gain. Trade pressures are down but turning up into the neutral zone.  Volumes remain bearish.

A close below 3.34 would signal lower. The expected oversold level declines to 3.43.

Need a close above 3.50 to start a move up. The expected overbought level declines to 4.34.

 

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGH25

Weekly – In the September 2024 uptrend; holding support. Trade pressures are up. Volumes remain bearish.

Daily – Flat. The resistance turned the market down. Trade pressures are down but rising into the neutral zone.  Volumes are now neutral.

The next target down is 4.27. The expected oversold levels rise to 4.23.

A close above 4.35 is required to start a new move up. The expected overbought levels decline to 4.44.

 

GOLD_ GCG25 (roll to GCJ25 on Jan 30th)

Weekly – In the December 2023 uptrend.  Trade pressures are up.  Volumes remain bullish.

Daily – Flat. In the move up from the 2718 break out above the October trend line. Trade pressures are up.  Volumes remain bullish.

The next target up is 2844. The expected overbought level rises to 2797.

A close below 2733 would signal lower. The next target down is 2664. The expected oversold level rises to 2675.

 

SILVER_ SIH25

Weekly – In the December 2023 uptrend. Trade pressures are up.  Volumes remain neutral.

Daily – Flat. In the the move up from 30.86 on 1/9. The November trendline at 31.95 on 1/16 has provided resistance.  Trade pressures are up.  Volumes are now neutral.

A break above 31.55, the trendline, would signal higher. The next target up is 32.79. Overbought levels are 32.28.

A close below 30.82 would signal lower. The oversold levels are 28.68.

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Summary:

Copper at the 200 day MA resistance.  Gold rallies but above the OB levels. Silver rallies, but stopped at the downtrend line from October.

Crude in retracement after (inflation) rally.  Natural Gas rally also in retracement.

The US 30yr Treasury Bond at target lows. The 10yr yields decline to 4.60%, near the now declining 4.82% overbought expectations.

The US Dollar is higher and at OB levels.

_________________

S&P 500 Futures   #ESH25

Monthly –Monthly bar trading inside the December bar. Trade pressures remain up. Volumes closed the month of December as bullish.  The 6181 price remains the high. The next target up is 6633.  The rally back above 5870, negates confirmation of the weekly move lower. The next target down is remains 5523.

Weekly – The weekly is testing those retracement lows.  Trade pressures remain down. Volumes are now bullish. The 5834 downside target was met  The close above the prior week’s high may presage a new move up.

Daily – Flat. The trendline from the 6181 high sets up a bull flag. Trade pressures are now up.  Volumes remain bullish.
In the move up from the 5809 low. The confirmation of the break above the December trendline signals a long entry at 6018. Then the next target up would be 6136.  Constrained by the OB/OS levels. Wait for a move to the OS to enter long.

The expected oversold level declines to 5828.
The expected overbought level declines to 6018.

___________________

Navellier Top 5 Stocks – This Top 5 model portfolio begins each year at $100,000. The Top 5 Growth stocks are tracked throughout each year. This portfolio is marked to the market and is restarted at $100,000 for the 2024 year.

These Navellier Top 5 portfolio stocks closed:
Down 35% for the 2022 Year.
Up 17% for the 2023 Year.
Up 42% for the 2024 Year.

Portfolio stock values for 2025. 
The portfolio value rises at $110,000.
The Year-to-Date portfolio performance is  up 10%.

[The author may be long or short any of these issues mentioned],

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXH25

Weekly –  In the October 2024 uptrend.  Trade pressures are up. Volumes remain bullish.

Daily – Flat. Retracement to 108.81. Trade pressures are down but rising to the neutral zone.  Volumes are now bearish.

The next target up is the prior high at 110.01. The expected overbought level rises to 109.94.

A close below 108.61 would signal lower. The expected oversold levels rise to 107.98.

 

US30YR T-BOND_ USH25

Weekly – In a new October 2024 downtrend.  Trade pressures are down.  Volumes are bearish.

Daily  – Flat. In the move up off the 110-20 lows. Trade pressures are up.  Volumes are now bullish.

A close above 113-28 would signal higher. Overbought levels are 120-26.

A close below 112-19 would resume the move down. Oversold levels are 108-14.

 

[The 10yr yield overbought level rises to 4.82%.
Higher inflation expectations continue thru 1Q25 and 2Q25.]

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLH25

Weekly – In the new January 2025 uptrend. Trade pressures are up. Volumes remain bullish.

Daily – Flat. In the move up from 73.90 at the June trendline breakout on 1/10.  Trade pressures are up. Volumes are now bearish.

Touched the OB level. The next target up is 80.17. The expected overbought levels rise to 79.68.

A close below 75.48 would signal lower. The expected oversold level rises to 72.97.

 

NAT GAS_ NGG25

Weekly – In the new January 2025 uptrend. Trade pressures are up.  Volumes remain bullish.

Daily – Short.  Completed the move up to the Oct trendline at 4.37. Back-tested the September upper median line at 3.76, then rallied to test the highs. Trade pressures are up, but turning down.  Volumes are now bearish.

1/17, the close below 4.15 signaled lower. The expected oversold level rises to 3.61.

Need a close above 4.20 to restart the move up. The expected overbought level rises to 4.50.

[ Set the SL at 4.15.]

[1-21-25: Lower the SL to 4.00. A close above the 4.00 would signal higher.]

[1-23-25: stopped out @ 4.00, for no gain.]

 

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGH25

Weekly – In the September 2024 uptrend; holding support. Trade pressures are up. Volumes are now bearish.

Daily – Flat. The 4.41 target, the OB level and the 200 day MA coincide and provide resistance. Trade pressures are up.  Volumes remain bearish.

The next target up is 4.50, but at the OB levels now. The expected overbought levels rise to 4.50.

A close below 4.32 would signal lower. The expected oversold levels rise to 4.15.

 

GOLD_ GCG25

Weekly – In the December 2023 uptrend.  Trade pressures are up.  Volumes are bullish.

Daily – Flat. Closed above the 2718 level for a new upside move. Trade pressures are up.  Volumes are bullish.

The next target up is 2792. But the OB is still showing lower highs, so no trade. The expected overbought level rise to 2766.

A close below 2716 would signal lower. The next target down is 2676. The expected oversold level rises to 2642.

 

SILVER_ SIH25

Weekly – In the December 2023 uptrend. Trade pressures are up.  Volumes are now neutral.

Daily – Flat. In the the move up from 30.86 on 1/9. The November trendline at 31.95 on 1/16 has provided resistance.  Trade pressures are up.  Volumes are now neutral.

The next target up is 32.79. Overbought levels are 32.28.

A close below 30.55 would signal lower. The oversold levels are 28.79.

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Summary:

Copper at the OB level.  Gold rallies but above the OB levels. Silver rallies also but also above the expected OB levels..

Crude breaks out of resistance line on jobs (inflation) numbers, also above OB.  Natural Gas rallies with the same inflation numbers.

The US 30yr Treasury Bond at target lows. The 10yr yields rise to 4.76%, near the rising 4.74% overbought expectations.

The US Dollar did back test the breakout and is now higher and at OB levels.

_________________

S&P 500 Futures   #ESH25

Monthly –Monthly bar closes lower. Trade pressures remain up. Volumes closed the month of December as bullish.  The 6181 price remains the high. The next target up is 6633.  The break below 5870, now confirms the weekly move lower. The next target down is 5523.

Weekly – The weekly is testing those retracement lows.  Trade pressures are down. Volumes remain bearish.  The 6181 upside target was met.  The close below 6040 has confirmed the daily move lower. The next target down is 5834 and was again almost met.

Daily – Flat. No follow thru of the prior Friday’s rally. Trade pressures remain down.  Volumes remain bearish.
The next target down remains 5809.
Need a close above the trend at 5916, with a trade pressure shift, signals higher. Then the next target up would be 6124.

The expected oversold level declines to 5850.
The expected overbought level declines to 6054.

[1-13-25: Long. Reached the 5809 downside target and rallied to 5917. Now Long from 5850. SL at 5830 raising to BE asap.]

[1-15-25: Near OB levels. Raise SL to 5965.][1-15-25: Noonish, and stopped out.]

 

___________________

Navellier Top 5 Stocks – This Top 5 model portfolio begins each year at $100,000. The Top 5 Growth stocks are tracked throughout each year. This portfolio is marked to the market and is restarted at $100,000 for the 2024 year.

These Navellier Top 5 portfolio stocks closed:
Down 35% for the 2022 Year.
Up 17% for the 2023 Year.
Up 42% for the 2024 Year.

Portfolio stock values for 2025. 
The portfolio value rises at $104,000.
The Year-to-Date portfolio performance is  up 4%.

[The author may be long or short any of these issues mentioned],