Author: ChasW

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in the move up. Gold and silver are in a retracement move up but at resistance.

Crude oil is basing look for a new move up. Natural gas is in the hard move down.

US 30 year Treasuries are near a new short entry.

The us Dollar futures remain in the move up as the international funds flow in the the US markets.

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S&P 500 Futures_

Monthly – Highs again. Trade pressures are up. Volumes closed the month of January as bullish. The next target up is 3411. A close below 3167 would confirm any weekly move lower.

Weekly – In the move up from the 2943 long entry. Trade pressures are up but have reversed. Volumes are bullish. The next target up is 3484. A close below 3260 would confirm any daily move lower.

Daily – Flat. At the 3376 described by multiple targets. Trade pressures are up and trending. Volumes remain bullish. Expect consolidation here. The next target  up is 3478. A close below 3327 would signal lower. But there is also support at the 3313 level.

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Navellier Top 5 Stocks – This Top 5 model portfolio begins the year at $100,000. Only the Top 5 Growth stocks will be tracked this 2020 year.

The portfolio is up approximately to $112,000 or 12% YTD, half way into this  February month. This portfolio under performed the S&P 500 last year, but now seems to be slightly ahead.

 

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

US$$

#usdollarfutures  #ustreasurybondfutures

USD_ DXH20

Weekly – Back to the October 2019 highs. Trade pressures are up. Volumes are bullish.

Daily – In the move up from the second leg up which began at the 97.63 level. Trade pressures are up. Volumes are bullish.

The next target up is 99.16.

A close below 98.36 would signal lower.

 

US 30YR T-Bonds_ USH20

Weekly – At resistance. Trade pressures are up but reversing. Volumes are still bullish.

Daily – Flat. Beginning a retracement inside the move up. Trade pressures are in the neutral zone. Volumes are neutral to bullish.

The next target up is 165-30 prior high.

The 2 hour chart is showing bearish reversal in the trade pressures. A close below the 161-14 level would signal lower.

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLJ20  Contract rolled.

Weekly – Sitting on the lows, but a week of a move up. Trade pressures are down but making a bullish reversal. Volumes are neutral.

Daily – Flat. Forming a base off the 49.50 lows. Trade pressures are up. Volumes are bullish.

A close above the 52.61 level would signal a new move up.

A close below 50. 21 would signal a resumption of the move down.

 

NAT GAS_ NGH20

Weekly – Still in the move lower. Trade pressures are down. Volumes remain bearish.

Daily  – Flat. trying to move up Trade pressures are up but showing a bearish reversal. Volumes are neutral.

The next target down is 1.57.

A close above 1.92 would signal higher.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGH20

Weekly – Two week rally off the 2.47 lows. Trade pressures are down but showing a bullish reversal. Volumes are neutral.

Daily – Long. In the move up from the 2.55 level. Trade pressures are up but turning down. Volumes are bullish.

The next target up is 2.67. The 120 minute chart pressures have turned down. A close below 2.53 would signal lower.

Stops are at 2.58.

 

GOLD_ GCJ20

Weekly – Moving sideways. Trade pressures are still up but in a bearish reversal. Volumes are bullish.

Daily – Flat. In the move down but in a week long retracement move up. Trade pressures are up. Volumes are bullish.

The next target up is the prior 1618 high.

At resistance now. A close below 1580 the Friday low would signal a resumption of the move down.

 

SILVER_ SIH20

Weekly – In a similar retracement move up inside the larger down move. Trade pressures are down. Volumes are bullish.

Daily – Flat. In the move down from the 18.06 short entry. Trade pressures are up. Volumes are neutral.

The next target down is 17.23. A close above 18.20 would signal higher.

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in a new long trade. Gold and silver are in the move down, but seem stalled.

Crude oil is testing the recent lows. Natural gas attempted a move up, but has settled back into a basing mode.

The US 30 YR Treasuries are in a move down.

The US Dollar futures are in a strong move up as money flows to the US markets.

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S&P 500 Futures_

Monthly – Another new high. Trade pressures are up. Volumes closed the month of January as bullish. The next target up is 3411. A close below 3136 would confirm any weekly move lower.

Weekly – Remains in the move up from the 2943 long entry price. Trade pressures are up but turned down. Volumes are bullish again. The next target up is 3484. A close below 3228 would confirm any daily move lower.

Daily – Flat. In a pull back from the 3367 high. Trade pressures are up. Volumes are neutral. The next target up is 3376. A close below 3296 would signal lower.

Is money coming to the US from Asia? The dollar inflows are taking the dollar futures up at a rapid clip.

 

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Navellier Top 5 Stocks – This Top 5 model portfolio begins the year at $100,000. Only the Top 5 Growth stocks will be tracked this 2020 year.

The portfolio is up approximately to 109,000 or 9% YTD after the January month. This portfolio under performed the S&P 500 last year, but now seems to be slightly ahead.

 

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

 

US$$

#usdollarfutures  #ustreasurybondfutures

USD_ DXH20

Weekly – Testing the prior highs. Trade pressures are up. Volumes are bullish.

Daily – After the pullback form the 98 highs price rallied with a second leg up and is approaching the 98.62 target. Trade pressures are up. Volumes are bullish. It is as if the US markets are a “corona virus safe haven”.  99.00 should be reachable in this move.

 

US 30YR T-BONDS_ USH20.

Weekly – Usually Bonds move down, as the dollar rises, as interest rates rise. Trade pressures are up and turning down. Volumes are bullish.

Daily – Flat. In the move down from the 162-27 short entry price. Trade pressures are down but rising. Volumes are neutral.

The next target is 158-31.

A close above 164-05 would signal higher.

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLH20

Weekly – New weekly lows. Trade pressures are down. Volumes are bearish.

Daily – Flat. Consolidating around the 49.34 low pivot. Trade pressures are down but rising. Volumes remain bearish.

The next target down is 43.92.

A close above 52.94 would signal higher.

 

NAT GAS_ NGH20

Weekly – Bullish close. Trade pressures are down. and trending. Volumes are bearish.

Daily – Flat. Seems ready for a retracement move up is this long downtrend. Trade pressures are up. Volumes are bearish.

The next target down is 1.69.

A close above 1.95 would signal higher.

 

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGH20

Weekly – Moving up off the 2.47 lows. Trade pressures are down. Volumes are bearish.

Daily – Long. In the new move up from  the 2.57 long entry price. Trade pressures are up. Volumes are bullish to neutral. The next target up is 2.66. A close below the 2.48 low pivot would signal lower. Use this 2.48 low as the stop.

[2-9-20: Long at the 2.55 entry, Set the stop at 2.48.]

[2-11-20: Raise stop to the 2.55 long entry price.]

[2-13-20: Raise stops to 2.58.]

 

GOLD_ GCJ20

Weekly – Attempting a retest of the 1618 high pivot. Trade pressures are up. Volumes are neutral.

Daily – Flat. In the move down from the spike high and the 1588 short entry. Trade pressures are up. Volumes are neutral. The 1544 downside target has been met. The next target down is 1498.

Both the daily and weekly pressures are up; and yet price is stalled. Stand aside.

 

SILVER_ SIH20

Weekly – In the move down. Trade pressures are down. Volumes are bullish.

Daily – Flat. In the move down from the 18.06 short entry price. Trade pressures are up but turned down. Volumes are bearish.

The next target down is 16.83.

Stops at 18.35.

 

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper at lows. Gold and Silver moving higher without much conviction.

Crude oil is down at lows and at weekly support. Nat Gas is still in the move down but showing some accumulation.

The US 30 year Treasuries are at highs. Look for retracement.

The US Dollar fell hard this week. The Euro is the new long trade.

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S&P 500 Futures

Monthly –  first down month in four months. Trade pressures are up. Volumes closed this January month as bullish. The next target up is 3411. A close below 3116 would confirm any weekly move lower.

Weekly – In the move up from the 2943 long entry. Trade pressures are up but turning down. Volumes are bearish. the net target up is 3484. A close below 3178 would confirm any daily move lower.

Daily – Short. In the move down from the 3276 short entry level. Trade pressures are down. Volumes are bearish. The next target down is 3177. A close above 3275 would restart the move up.

NOTE: The December rally started at 3143. with a low pivot at  3072. So, the current uptrend will be intact until that 3072 level is broken.

[2-3-20: Short from the 3247 level. Stops at 3268. New target down is 3230.]

[2-3-20: stopped out in the post market session at the 3247 entry price.]

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Navellier Top 5 Stocks – This Top 5 model portfolio begins the year at $100,000. Only the Top 5 Growth stocks will be tracked this 2020 year.

The portfolio is up approximately to 107,000 or 7%  YTD in this January month so far. Sun Communities (SUI) will be replaced with Teledyne Tech (TDY) at the Monday opening.

 

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