Author: ChasW

US$$

#usdollarfutures  #ustreasurybondfutures

USD_ DXU20

Weekly – Holding the support line of the uptrend. Trade pressures are down but rising. Volumes are bearish.

Daily-  In the new move down after the close below 96.51. Trade pressures are down but rising. Volumes are bearish.

The next target down is 95.57 , the prior low.

A close above 97 would signal higher.

 

US30YR T-BONDS_ USU20

Weekly – Remains in the uptrend. Trade pressures are up. Volumes are bullish.

Daily – In the channel between 180-170. Trade pressures are up and extended. Volumes are now bearish.

The next target down is 179-03.

A close above 180-17 would signal higher.

 

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLQ20

Weekly – Flattened out at the 42.00 target. Trade pressures are up. Volumes are bullish.

Daily – Flat. Moving sideways while the overbought is worked off. Trade pressures are down and over sold. Volumes are bullish.

The next target up is 44.07.

A close below 33.95 would signal lower.

 

NAT GAS_ NGQ20

Weekly – Still in the weekly move down. Trade pressures are rising into the neutral zone. Volumes are neutral.

Daily – Flat. Stopped out of the long trade. Should have taken the 1.86 target as profit since the weekly is still in the downtrend. Trade pressures are down. Volumes are bullish.

The next target up is the same 1.86 target.

In a retracement down. Look for a trade pressure reversal to reenter the long trade. That will match up with the weekly trade pressures.

stops at the 1.51 lows.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGU20

Weekly – Three weeks into the weekly uptrend. Trade pressures are up. Volumea are bullish.

Daily – Flat. In the move up off the 2.72 new long entry at 2.72. Trade pressures are up. Volu mes are bullish.

The next target up is 2.91.

A close below 2.70 would signal lower.

 

GOLD_ GCQ20

Weekly – Testing the weekly resistance lines at 1801. Trade pressures are up. Volumes are bullish.

Daily – Flat. Beginning a retracement. Trade pressures are up but reversing. Volumes are bearish to neutral.

The next target up is 1836.

A close below 1794 is the new short entry.

 

SILVER_ SIU20

Weekly – Remains in the uptrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. Met the 161% upside target. Trade pressures are up. volumes are bullish.

The next target up is 19.50.

A close below 17.68 would signal lower.

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper was within a point to the upside 2.78 target, now retracing. Gold is also retracing. Silver is showing some signs of turning down.

Crude oil could start a new move up. Natural Gas has triggered a new long entry, but very hard to trade.

The US 30 Year Treasury is in a move up.

The US Dollar futures are in a downtrend and moving sideways.

________________________

S&P 500 Futures_

Monthly – The monthly bar closed the week higher. Trade pressures are up. Volumes closed the month of June as neutral. The next target up is 3375. A close below 2797 would confirm any weekly move lower.

Weekly – Still in the move up from the April 2430 long entry. Trade pressures are up but diverging. Volumes remain bullish. The next target up is 3230. A close below 2934 would confirm any daily move lower.

Daily – in the move up from the 2937 May long entry and consolidating at the 61% target of 3142. Trade pressures are up but reversing. Volumes are bullish. The next target up is 3235. A close below 2917 would signal lower.

Watch the trade pressures. If they cycle lower and then back up without triggering a short then a new long is likely.

_______________________

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 Top 5 portfolio stocks sold off with the market during this last week. The portfolio stocks are back up 3% for the week and valued at approximately $101,000, now up 1% for the YTD. The 13% gains from these first two months of 2020 evaporated, but so have the down 32% lows of March. The portfolio fundamentals should become more important as the market narrows.

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

US$$

#usdollarfutures  #ustreasurybondfutures

USD_ DXU20

Weekly – Still testing the weekly support levels. Trade pressures are down bur have reversed. Volumes are now neutral.

Daily – In the downtrend. Trade pressures are up in to the neutral zone. Volumes are neutral.

A close above 98.02 would signal a new uptrend. The next short entry is a close below 96.51.

 

US 30YR T-BONDS_ USU20

Weekly – Tracking sideways. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the 175.00 long entry in June. Trade pressures are up into the neutral zone. Volumes are bullish.

The next target up is 180-25.

A close below the 25×5 at 176-28 would signal lower.

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLQ20

Weekly – Trending upward ans testing the downtrend resistance line. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up after breaking out from the upper median line. Trade pressures are up but reversing. Volumes are bullish.

A long entry is indicated, but wait for the hourly trade pressures to cycle down then up again creating the back test. The next target up is 44.07.

A close 39.60 would signal lower.

 

NAT GAS_ NGQ20

Weekly – Still in the long downtrend. Trade pressures are down but starting to reverse. Volumes are now neutral from the previous 10 weeks of bearish volumes.

Daily – Long. The 1.69 trigger has created a new long  entry and closed at 1.75. Trade pressures are up. Volumes are neutral.

Buy the 1.75 limit. The next target up is 1.86.

A close below 1.70 would signal a failure, and lower.

Use this 1.70 has the stop.

[7-6-20: Long @ 1.75. Stops at 1.75 now.]

[7-10-20: stopped out at the breakeven, 1.75.]

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGU20

Weekly – In the move up after the break into a new uptrend. Trade pressure are up. Volumes are bullish.

Daily – Flat. In the move up from the April long entry. Trade pressures are up but reversing. Volumes are bullish.

The next target up is the 2.78 162% target.

In a retracement now. A close below 2.59 would signal lower.

 

GOLD_ GCQ20

Weekly – Still testing the downtrend resistances. Trade pressures are up. Volumes are bullish.

Daily – Flat. After the 1807 high now in retracement. Trade pressures are down into the neutral zone.

The next target up is 1836.

A close below 1772 would signal lower.

 

SILVER_ SIU20

Weekly – six weeks into the new uptrend. Trade pressures are up but diverging. Volumes are bullish.

Daily – Flat. In the move up but retracing. Trade pressures are down. Volumes are bearish.

The next target up is 19.10.

A close below 17.26 would signal lower.

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper continues the move up after a retracement. Gold is in a new long. Silver is near the end of it’s move.

Crude is in a small retracement. Watch for a break of the 25×5 MA.  Nat Gas is steadily declining.

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

The US Dollar is retracing after the move down to the  target. Watch for new bullish volumes.

______________________

S&P 500 Futures_

Monthly – The monthly has closed this week below the prior month’s close. Trade pressures are up in the neutral zone. Volumes closed the month of May as neutral. The next target up is the prior high at 3375. A close below 2803 would confirm any weekly move lower.

Weekly – Remains in the move up from the April 2430 long entry. Trade pressures are up. Volumes remain bullish. The next target up is 3230. A close below 2934 would confirm any daily move lower.

Daily – In the move up from the 2945 long entry. Met the 61.8 % target and began the retracement which we are now in. Trade pressures are down. Volumes are bearish.

The next target down is 2972.

The 200 day MA is at 3007 and is potential support. More likely is a back-test up to the 25×5 MA at 3050 levels and then down again.

Apple is 3.5% of the S&P 500; good to watch it’s movement.

_______________________

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 Top 5 portfolio stocks sold off with the market during this last week. The portfolio stocks are down 2% for the week and valued at approximately $98,000, now down 2% for the YTD. The 13% gains from these first two months of 2020 evaporated, but so have the down 32% lows of March. The portfolio fundamentals should become more important as the market narrows.

As of this next Monday, Fortinet (FTNT) and ResMed (RMD) will be replaced with Clorox  (CLX) and DocuSign (DOCU) at the opening prices.

 

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

US$$

#usdollarfutures  #ustreasurybondfutures

USD_ DXU20

Weekly – Riding the uptrend support line at 97. Trade pressures are down but reversing. Volumes are now neutral.

Daily – has completed the move down to the 95.38 target; stopping just shy at 95.57 and in a retracement up. Trade pressures are up. Volumes are mixed bearish to neutral.

So, No bullish volume just yet and now near the 25×5 MA at 97.50 and the 200 day MA at 98.00; all of these should act as resistance. A close below 96.50 would likely continue the move down to the 95.20 level.

A close above 97.92 would signal a new move up.

 

US 30YR T-BONDS_ USU20

Weekly – After a three week test of the uptrend support line at 171, price has move up on bullish volume/. Trade pressures are up. Volumes are bullish.

Daily – Long . In the move up from the June 11th new long entry at 175-00. Trade pressures are up Volumes are bullish.

The next target up is 180-29.

A close below 178-11 would signal lower.

Set the stops at 178-11

[6-29-20: Raise the stops to breakeven at 175.00.]

[6-30-20: Raise stops to to 176-27, the 25×5 MA.] [6-30-20: sell at the market ~ 178-13.]