Author: ChasW

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in a new move up. Gold remains in the move up but with a short entry nearby. Silver is also consolidating and near a new short entry.

Crude Oil is in a retracement move higher after the larger move down. Natural Gas is in a retracement move up.

The US 30 year Treasury Bonds are at new contract highs.

The US Dollar futures are the beneficiary of inflows looking for safety and yields.

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S&P 500 Futures

Monthly – In the move up from the 2904 new long entry. Trade pressures are up, Volumes closed the month of July as bullish. The next target up is 3408. A close below 2808 would confirm any weekly move lower.

Weekly – The close below 2901 has confirmed the daily move lower. Trade pressures are down into the neutral zone. Volumes are now neutral. The next target down is 2712. A close above 2942 would confirm any daily move higher.

Daily – Flat. In the move lower from the close below 2884 inside the longer cycle move up from the 2845 level. Trade pressures are down into the neutral zone. Volumes are neutral. The next target down is 2795.

A close above the 2944 pivot would signal higher.

The 25×5 MA at 2950 is resistance and the June low pivot is 2734.

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Navellier Top 8 Stocks – This Top 8 model portfolio began the year at $100,000 and remains  approximately $111,000, or up about 11 percent for the year-to-date, even after the market correction.

 

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

US$$

#usdollarfutures  #ustreasurybondfutures USD_ DXU19 Weekly – Money flows are into the dollar as international funds are looking for safety and yields. Now at 98 and above the 97.06 upside target. Trade pressures are up. Volumes are bullish. Daily – Now in the new move up from the 97.76 level after the retracement down to the…

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Oil & Gas

#crudeoilfutures #naturalgasfutures CRUDE_ CLU19 Weekly – Still in the 2019 long move up. Trade pressures are flat in the neutral zone. Volumes are bullish. Daily – Flat. In the retracement move up from the 52.99 long entry. Trade pressures are up. Volumes are bullish. The confluence of the 56.71 target and the median line stopped…

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Metals

#copperfutures #goldfutures #silverfutures COPPER_ HGU19 Weekly – Now testing the 2018 lows as resistance. Trade pressures are down but rising. Volumes are bearish. Daily – Flat. Still in the move up from the 2.57 level. Trade pressures are down. Volumes are bullish. Looking for a test of the lower median line at 2.55 -2.56; then…

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S&P 500 Futures

Market Pressures _

Copper is in a new retracement move up following the equities. Gold would signal lower with a break of the 1500 level. Silver is near a new short entry.

Crude oil is in a retracement up. Natural gas is at new lows with a possible new long nearby.

The US 30 Year Treasuries are at highs.

US Dollar futures are near a new short entry.

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S&P 500 Futures_

Monthly – In the upper range of the monthly bar. Trade pressures are up. Volumes closed the month of July as bullish. The next target up is 3408. A close below the 2802 level would confirm any weekly move lower.

Weekly – A recovery week from the daily lows. Trade pressures are up but turned down. Volumes are bullish. The next target up is 3048. A close below 2901 would confirm the daily move down.

Daily –  Long. In the move up from the 2846 entry price. Trade pressures are down but rising. Volumes are now neutral. The next target up is 2959 and just above that is the 25×5 MA. Expect resistance at these next upside levels.

A close below 2880 would signal lower. Set the stop at 2880.

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Navellier Top 8 Stocks – This Top 8 model portfolio began the year at $100,000 and is now approximately $111,000, or up about 11 percent for the year-to-date, even after the market correction.

 

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

US$$

#usdollarfutures  #ustreasurybondfutures USD_ DXU19 Weekly – The spike up to the 98.70 high seems to be the top. Trade pressures are up. Volumes are neutral. Daily – In the retracement move down from the new short entry at 98.10. The 97.22 target was reached and is providing support. The next target down is 96.30. A…

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Oil & Gas

#crudeoilfutures #naturalgasfutures CRUDE_ CLU19 Weekly – In the move up from the 52.31 January long entry. Trade pressures are in the neutral zone. Volumes are bullish. Daily – Long. The move down has reached the 51.07 short target. Now in a new retracement up. Trade pressures are down. Volumes are bullish. The 52.04 level triggered…

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Metals

#copperfutures #goldfutures #silverfutures COPPER_ HGU19 Weekly – Consolidating after a break below the prior week’s 2.60 lows. Trade pressures are down but rising. Volumes are bearish. Daily – Long. The 2.57 long entry is triggered Thursday and bought in the Friday pullback. Trade pressures are down but rising. Volumes are Bearish. The next target up…

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S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in the move down. Gold rallied on the uncertainty of the new tweets. Silver looks lower soon.

Crude oil is in the move down but a new long entry is nearby. Natural gas continues the slow decline.

The US 30 Year Treasury Bonds are at contract highs and could be poised for a new short entry.

The US Dollar futures are in a retracement after making these new highs.

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S&P 500 Futures_

Monthly – Starting the new August month with a down note. Trade pressures are still up. Volumes closed the month of July as bullish. The next target up is 3408. A close below 2802 would confirm any weekly move lower.

Weekly – A week of retracement off the recent highs. Trade pressures are up. Volumes are bearish. The next target up is 3048. A close below 2901 would confirm the daily move lower.

Daily – Short. In the move down from the 2974 short entry. Trade pressures are down. Volumes are bearish. At the June low pivot; expect some small retracement up here, but the next target down is 2884. The following 2798 target would all but eliminate the entire June -July rally.

A close above 2983 would restart the move up. Move the stop to the 2950 level.

Hard to time these incoherent “tweet” driven markets.

[8-5-19: Lower stops to the 2874, taking profits at this level.]

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Navellier Top 8 Stocks – This Top 8 model portfolio began the year at $100,000 and is now approximately  $112,000. This is a significant drop but still leaves the portfolio up nicely for the year. The new addition Insperity (NSP) caused at least half of the decline missing the earnings expectations disappointing the market and dropping 30 points.

 

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