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Author: ChasW
S&P 500 Futures
Market Summary:
Copper moves up off support but sustains weekly selling volumes. Gold and Silver off supports as well and consolidating.
Crude breaks out of downtrend resistance and is a new long. Natural Gas breaks still lower.
The US 30yr Treasury does breakout above Bull Flag.
The 10yr yields trade above 4.15%.
The expected oversold level for the 10yr yield rises to 4.10%
The US Dollar trading higher; does break above 200 day MA.
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S&P 500 Futures #ESH26
Monthly –Monthly bar at new highs. Trade pressures remain up. Volumes closed the month of December as bullish. The 7017 price is the new adjusted high. A close below 6706 would confirm any weekly move lower.
Weekly – The weekly bar breaks back above the trendline resistance. Trade pressures are down into the neutral zone. Volumes have turned bullish, but on very low volumes. Price above the prior high pivot at 7013. The support trendline is at 6893. A close below 6663 would confirm any daily move lower.
Daily – Long. In the new move up from 6969 on 1/9/26. Trade pressures are up. Volumes are bullish.
The next target up is 7087. The expected overbought level declines to 6977.
A close below 6971. Set 6971 as the SL. The expected oversold level rises to 6855.
[OB/OS trend is narrowing.]
[1-12-26: Stopped out of the long trade at 6971.]
__________________
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 rebalanced to start at $100,000 for the 2026 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.
Up 48% for the 2025 Year
Portfolio stock values for 2026.
The portfolio value is up for the week, at $110,000.
The Year-to-Date portfolio performance is up 10%.
The S&P 500 YTD return is 10%
US$$
#usdollarfutures #ustreasurybondfutures
USD_ DXH26
Weekly – In the November 2025 uptrend. Trade pressures are up. Volumes are bullish.
Daily –long. In the second leg up from 98.27 on 1/6/26. Trade pressures remain up. Volumes are now bearish.
The next target up is 98.34. The expected overbought level rises to 99.21.
A close below 97.85 would signal lower. The expected oversold levels rise to 97.99.
[The OB/OS channel is rising.]
US30YR T-BOND_ USH26
Weekly – In the April 2025 uptrend, still back testing the October 2024 trendline. Trade pressures remain down. Volumes are neutral.
Daily – Long. In the move up from 115-22 on 1/9/26. Trade pressures are up, but turning down. Volumes are bullish.
The next target up is 117-05. Overbought levels decline to 116-17.
A close below 114-26 would signal lower. Oversold levels decline to 114-17.
[1-10-26: The OB/OS channel is declining.]
Oil & Gas
CRUDE_ CLG26
Weekly – In the December 2025 downtrend. Trade pressures are now up. Volumes are now bullish.
Daily – Long. In the move up from 58.62 on 1/9/26. Breaks above the June 25 downtrend line. Trade pressures are up. Volumes are bullish.
The next target up is 62.48. The expected overbought levels rise to 58.99.
A close below 57.84 would signal lower. The expected oversold level rises to 55.88.
[1/10/26: Set the SL at 57.84.]
[1-13-26: at the 61.31 target. Raise the SL to 58.50.]
[OB/OS channel is rising.]
(One of the larger components measuring inflation; and the Hedgeye inflation nowcast expects lower inflation in the 1st quarter 2026.)
NAT GAS_ NGG26
Weekly – In the new January 2025 downtrend; breaking support at 3.16. Trade pressures remain down. Volumes remain bearish.
Daily – Flat, In the second leg down from 3.75 on 12/31. Trade pressures are down. Volumes are now bearish.
The next target down is 3.05. The expected oversold level declines to 3.05.
A close above 3.55 would signal higher. The expected overbought level declines to 3.87.
[OB/OS channel is declining.]
Metals
#copperfutures #goldfutures #silverfutures
COPPER_ HGH26
Weekly – In the October 2025 uptrend, turning down at resistance. Trade pressures remain up. Volumes are bearish .
Daily – Flat. In the move up from 5.70 on 1/8/26. Trade pressures are down. Volumes closed bullish.
The next target up is 6.11. The expected overbought levels rise to 6.08.
A close below 5.70 would signal lower. The expected oversold levels rise to 5.56.
[OB/OS channel is rising.]
[1-10-26: Set the SL at 5.70.]
GOLD_ GCG26
Weekly – In the December 2023 uptrend retracing from the spike highs. Trade pressures remain up. Volumes remain neutral.
Daily – Flat. In the new move from 4400 on 1/4/26. Trade pressures are up, but declining. Volumes are bullish.
The next target up is 4544, The expected overbought level rises to 4582.
A close below 4452 would signal lower. The expected oversold level rises to 4340.
[OB/OS channel is rising.]
SILVER_ SIH26
Weekly – In the December 2023 uptrend, testing prior highs. Trade pressures remain up. Volumes are neutral.
Daily – Flat. in a new move up from 78.89 on 1/9/26. Trade pressures are down into the neutral zone. Volumes are bullish.
The next target up is 82.59. Overbought levels rise to 81.81.
A close below 76.28 would signal lower. The oversold levels rise to 68.44.
[OB/OS channel is rising.]
S&P 500 Futures
Market Summary:
Copper sells off to pre-breakout levels. Gold and Silver give up their spike highs.
Crude showing higher lows, but meets resistance. Natural Gas basing with higher lows, also.
The US 30yr Treasury needs to breakout above Bull Flag.
The 10yr yields trade above 4.15%.
The expected oversold level for the 10yr yield declines to 4.09%
The US Dollar trading lower, need to break above 200 day MA acting as resistance.
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S&P 500 Futures #ESH26
Monthly –Monthly bar holding near the prior month close above the 6893 target. Trade pressures remain up. Volumes closed the month of December as bullish. The 7013 price remains the adjusted high. A close below 6702 would confirm any weekly move lower.
Weekly – The weekly bar breaks back below the trendline resistance. Trade pressures are up, but continuing to turn down. Volumes have turned neutral. The prior high pivot at 7013 is the next target up. The support trendline is at 6686. A close below 6663 would confirm any daily move lower.
Daily – Short. In the pull back from the the 6939 short entry on 12/30. Trade pressures are down. Volumes are bearish.
The next target down is 6859. The expected oversold level declines to 6791.
A close above 6933 would signal higher. The expected overbought level rises to 6986.
[OB/OS trend is widening.]
[1-2-26:The Dow Jones index seems to be leading. Long the YMH26 @ 48598, SL 48100.]
[1-7-26: Sell YMH26 at 49235.]
__________________
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 rebalanced to start at $100,000 for the 2026 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.
Up 48% for the 2025 Year
Portfolio stock values for 2026.
The portfolio value is flat for the week, at $100,000.
The Year-to-Date portfolio performance is up 0%.
The S&P 500 YTD return is 0%
US$$
#usdollarfutures #ustreasurybondfutures
USD_ DXH26
Weekly – In the November 2025 uptrend. Trade pressures remain down. Volumes remain bearish.
Daily –long. In the move up from 97.76 on 12/30/25. Trade pressures are now up. Volumes are now bullish.
The next target up is 98.34. The expected overbought level rises to 98.75.
A close below 97.85 would signal lower. The expected oversold levels rise to 97.67.
[The OB/OS channel is rising.]
US30YR T-BOND_ USH26
Weekly – In the April 2025 uptrend, still back testing the October 2024 trendline. Trade pressures remain down. Volumes are neutral.
Daily – Flat. In the move down from 115-13. Trade pressures are down. Volumes are bearish.
The next target in this downtrend is 114-18. Oversold levels decline to 114-28.
A close above 115-19 would signal higher. Overbought levels decline to 116-27.
[1-2-26: The OB/OS channel is declining.]
OIl & Gas
#crudeoilfutures #naturalgasfutures
CRUDE_ CLG26
Weekly – In the December 2025 downtrend. Trade pressures remain down. Volumes remain bearish.
Daily –Short. In the move down from 58.02 on 12/31. The rally to resistance at 58.88 turns the trade down once again. Trade pressures are down. Volumes remain bearish.
The next target down is 56.32. The expected oversold level rises to 55.56.
A close above 57.61 would signal higher. The expected overbought levels rise to 58.78.
[OB/OS channel is rising.]
(One of the larger components measuring inflation; and the Hedgeye inflation nowcast expects lower inflation in the 1st quarter 2026.)
NAT GAS_ NGG26
Weekly – In the new November 2025 uptrend; testing support at 3.16. Trade pressures remain down. Volumes remain bearish.
Daily – Flat, In the second leg down from 3.75 on 12/31. Trade pressures are down. Volumes are now bearish.
The next target down is 3.32. The expected oversold level declines to 3.51.
A close above 3.73 would signal higher. The expected overbought level declines to 4.19.
[OB/OS channel is declining.]
Metals
#copperfutures #goldfutures #silverfutures
COPPER_ HGH26
Weekly – In the October 2025 uptrend, testing resistance. Trade pressures remain up. Volumes remain bullish.
Daily – Flat. Basing after the metals sell-off on 12-29-25. Trade pressures remain up, but declining. Volumes remain neutral.
A close above 5.70 would signal higher. The next target up is 5.92. The expected overbought levels rise to 5.81.
A close below 5.66 would signal lower. The expected oversold levels rise to 5.37.
[OB/OS channel is rising.]
GOLD_ GCG26
Weekly – In the December 2023 uptrend retracing from the spike highs. Trade pressures remain up. Volumes are now neutral.
Daily – Flat. basing from the 12-29 selloff. Trade pressures are down but rising. Volumes are neutral.
A close above 4400 would signal higher. The next target up is 4479, The expected overbought level rises to 4567.
A close below 4308 would signal lower. The expected oversold level declines to 4291.
[OB/OS channel is widening.]
SILVER_ SIH26
Weekly – In the December 2023 uptrend, reaching more new highs. Trade pressures remain up. Volumes remain bullish.
Daily – Flat. Silver spikes well above the OB levels and has a sharp retracement. Trade pressures are down. Volumes are neutral.
A close above 74.40 would signal higher. Overbought levels rise to 77.55.
A close below 68.66 would signal lower. The oversold levels rise to 68.35.
[OB/OS channel is still rising.]
S&P 500 Futures
Market Summary:
Copper closing the gap to recovery highs. Gold to new highs. Silver rockets to new highs with a $7 up-day.
Crude showing higher lows, but sells off at resistance. Natural Gas up off lows to test nearby resistance.
The US 30yr Treasury attempting breakout of the Bull Flag.
The 10yr yields trade below 4.15%.
The expected oversold level for the 10yr yield rises to 4.11%
The US Dollar trading lower, need to break the 200 day MA acting as resistance.
_________________
S&P 500 Futures #ESH26
Monthly –Monthly bar in a move up to test the 7013 highs. Trade pressures remain up. Volumes closed the month of November as bullish. The 7013 price remains the adjusted high. The next target down is 6702. A close below 6702 would confirm any weekly move lower.
Weekly – The weekly bar breaks above the trendline resistance. Trade pressures are up, but continuing to turn down. Volumes have turned bearish and continue to rise. The prior high pivot at 7013 is the next target up. The support trendline is at 6676. A close below 6663 would confirm any daily move lower.
Daily – Long. In the long trade from 6852 on 12/19. Took profits into Xmas Day. Trade pressures are up. Volumes remain neutral.
The next target up is 7087. The expected overbought level rises to 6954.
A close below 6939 would signal lower. The expected oversold level rises to 6805.
[OB/OS trend is rising.]
[12-20: Despite the downturn, VIX remains in the teens – allowing a “buy the dips” strategy.]
[12-26-25: There is support at the 6900 level. Watch for possible re-entry in the long trade.]
__________________
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 rebalanced to start at $100,000 for the 2025 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 is rises for the last week, at $152,000.
The Year-to-Date portfolio performance is up 52%.
The S&P 500 YTD return is up 17.86%