Author: ChasW

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in the move down. Gold and Silver are in retracement moves up.

Crude Oil is in the move up and at resistance. Natural Gas is in the move down but near a new long entry.

The US 30 Year Treasuries are in a new move up.

The US Dollar futures are near a new short entry.

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S&P 500 Futures

Monthly – New Highs. Trade pressures are up. Volumes closed the month of October as Bullish. The next target up is 3408. A close below 2898 would confirm any weekly move lower.

Weekly – In the move up from the 2943 long  entry. Trade  pressures are up. Volumes are bullish. The next target up is 3213. A close below 2991 would confirm any daily move lower.

Daily – Flat. Overbought, but still breaking higher. Trade pressures are up. Volumes are bullish. The next target up is 3266. A close below 3059 would signal lower. The time cycles are down into the first week of December.

Hedge funds have raised cash and now feel pressure to get back in the market. Hard to guess; just stay with the trends.

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Navellier Top 8 Stocks – This Top 8 model portfolio began the year at $100,000 has moved up this week  to approximately $112,000, or up about 12 percent for the year-to-date which is still trailing the major averages.

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

US$$

#usdollarfutures  #ustreasurybondfutures USD_ DXZ19 Weekly – In the uptrend. Trade pressures are up. Volumes are bearish. Daily – In the move up. Trade pressures are up but decling. Volumes are bearish. The next target up is 98.47. A close below 97.69 would start a new move down with 97.09 as the first target down. Set…

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Oil & Gas

#crudeoilfutures #naturalgasfutures CRUDE_ CLZ19 Weekly – In a retracement move up inside the downtrend. Trade pressures are up. Volumes are bullish. Daily – Flat. In the move up from the 54.42 long entry price. Trade pressures are up. Volumes are bullish. The next target up is 57.65., Then 59.14. A close below 54.00 would signal…

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Metals

#copperfutures #goldfutures #silverfutures COPPER_ HGZ19 Weekly – In the side ways move. Trade pressures are down into the neutral zone. Volumes are neutral. Daily – Flat. In the move down from the 2.68 short entry. Trade pressures are down. Volumes are bearish. The next target down is 2.61. A close above 2.70 would signal higher…

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S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper follows the equity markets up (and down). Gold and Silver are down but near targets.

Crude oil testing resistance, watch for more move down. Natural gas is in a new short move.

US 30YR Treasury Bonds are at downside targets, could see a new move up.

The US Dollar futures have had a nice move up but also at targets, watch for a new move down.

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S&P 500 Futures_

Monthly – New highs. Trade pressures are up. Volumes closed the month of October as Bullish. The next target up is 3408. A close below 2871 would confirm any weekly move lower.

Weekly – Met the 3048 up side target and at the upper median line resistance. Trade pressures are up and extended. Volumes are bullish. The next target up is 3213. A close below 2964 would confirm many daily  move lower.

Daily – Flat. In the move up form the Oct 4th 2913 long entry. Trade pressures are up and trending. Volumes are bullish. The next target up is 3103. A close below 3037 would signal lower.

The hourly is in a new uptrend. A close below 3077 on the hourly would be an early warning for a correction.

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Navellier Top 8 Stocks – This Top 8 model portfolio began the year at $100,000 has moved down this week with the sell off of the defensive names to approximately $110,000, or up about 10 percent for the year-to-date which is still trailing the major averages.

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

 

 

US$$

#usdollarfutures  #ustreasurybondfutures USD_ DXZ19 Weekly – 4 weeks testing the 97.00 lows. Trade pressures are up into the neutral zone. Volumes are bearish. Daily – Moved down to the 96.92 target and now in a corrective move up. Trade pressures are up and getting extended. Volumes are bullish. The next target up is 98.59. A…

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Oil & Gas

#crudeoilfutures #naturalgasfutures CRUDE_ CLZ19 Weekly – Still in a down tend but in the move up off the 10/4 lows. Trade pressures are up. Volumes are now bullish. Resistance at 62. Daily – Flat. Moved up thru the downtrend resistance to form a new uptrend. Trade pressures are up. Volumes are bullish. The next target…

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Metals

#copperfutures #goldfutures #silverfutures COPPER_ HGZ19 Weekly – The moving average slope has turned neutral. Trade pressures are up. Volumes are bullish. Daily – Flat. Stopped out of the last week’s trade at a loss. Showing some divergence that suggests the short trade may still be near. Trade pressures are up. Volumes are bearish. The next…

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S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in a new short entry. Gold and Silver seem to be setting up for a pullback.

Crude Oil is basing, but a retest of the lows is likely. Nat gas has had a rally but is ready for a pullback.

The US 30 year Treasuries is ion a new move up.

The US Dollar futures are in a move down, with more to go.

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S&P 500 Futures

Monthly – New highs. Trade pressures are up. Volumes closed the month of October as bullish. The next target up is 3408. A close blow 2844 would confirm any weekly move lower.

Weekly – In the  move up from the 2943 new long entry. Trade pressures are up. Volumes are bullish. The next target up is the upper median line at 3094. A close below 2937 would confirm any daily move lower.

Daily – Flat. In the move up from the 2913 Oct 4th long entry. Trade pressures are up. Volumes are bullish. The next target up is 3072. Over-bought and expecting resistance at this next target. A close below 3005 would signal lower.

The hourly is over bought.

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Navellier Top 8 Stocks – This Top 8 model portfolio began the year at $100,000 has moved up this week slightly to approximately $114,000, or up about 14 percent for the year-to-date which is still trailing the major averages.

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