Author: ChasW

S&P 500 Futures

#emini #spfutures #SP500 #ES, #MES

Market Summary:

Copper now a new Long. Gold and silver have covered shorts.

Crude lower. Natural Gas breaks out above the bull flag.

The US 30yr Treasury Long and higher as the 10yr yield declines to 4.48%.
The expected overbought level for the 10yr yield declines to 4.56%.

The US Dollar – The USD is a Long. Inflation lower.

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S&P 500 Futures   #ESU26, #MESU26

Monthly –Monthly bar making new ATH’s with the rollover. Trade pressures remain up, but still declining. Volumes closed the month of May as bullish.  The 7694 price is the adjusted high.  The next target up is 8684. A close below 7384 would confirm any weekly move lower.

Weekly – The weekly bar higher off the April ’26 median line which is support at 7286.  Trade pressures remain up. Volumes remain bullish.  The next target up remains 7682. A close below 7325 would confirm any daily move lower.

Daily – Long.  From 7433 on 6/11. Trade pressures are up,  Volumes are neutral.

The next target up is 7572. The expected overbought level declines to 7619.

The next target down is 7262. The expected oversold level declines to 7222.

[OB/OS trend is declining.]
The VIX closes below 19 at 17.66, indicating market is investible, but near the chop/yellow zone.
The Hedgeye.com VIX risk range is 13.93 – 22.23.

[6-13-26: Set the SL at 7406. Tighten stops with the OB/OS declining. Take profits at the OB.]

[6-15-26: Profit stops taken at the 7619 overbought level.]

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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 reset 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 up for the week, at $167,000.
The Year-to-Date portfolio performance is up 67%.

The Hedgeye GDP nowcast has rising growth projected thru July, then slowing. This “up 67%” needs to be protected/taken at the first evidence of GDP slowing. Market down hard, these days are never just one day events; wait to sell into short covering, with the intent to buy back into the July Fed inflation print.

The S&P 500 YTD return is 8.02%

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXM26

Weekly –  In the March 2026 uptrend. Trade pressures are up. Volumes remain bullish.

Daily – Long. Rates declining, inflation moderating. Resistance at 100. Trade pressures are down into the neutral zone.  Volumes are remain bearish.

The next target up remains 100.13. The expected overbought level rises to 100.17.

A close below 99.23 would signal lower. The expected oversold levels rises to 99.12.

[The OB/OS channel is rising.]

 

US30YR T-BOND_ USU26

Weekly – In the March 2026 downtrend.  Trade pressures rise into the neutral zone.  Volumes remain neutral.

Daily  – Long. Closed above 112-09 on 6/12. Met resistance for a second time at 113-01 and is pulling back. Trade pressures are up.  Volumes are now neutral.

The next target up is 112-29. Overbought levels decline to 113-12.

A close below 112-04 would signal lower. Oversold levels decline to 110-25.

[The OB/OS channel is declining.]

10yr yields decline to 4.48%. The overbought level declines to 4.56.

[Set the SL at 112-04.]

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLN26

Weekly – In the January 2026 uptrend. Trade pressures remain down. Volumes remain bearish.

Daily – Flat. Remains in the move down from 92.53 on 6/05. Trade pressures remain down.  Volumes remain bearish.

The next target down is 78.12. The expected oversold level declines to 83.02.

A close above 87.65 would signal higher. The expected overbought levels declines to 92.09.

[OB/OS channel is declining.]
OVX (oil volatility) down to 54.

(One of the larger components in the measure of inflation.The Hedgeye.com inflation nowcast now expects inflation declining into the July meeting.)

 

NAT GAS_ NGN26

Weekly – In the January 2025 uptrend. Trade pressures are down into the neutral zone.  Volumes are now neutral.

Daily – Flat, In a new move up from 3.13 on 6/12.  Trade pressures are down.  Volumes are bearish.

The next target up is 3.24. The expected overbought level declines to 3.27.

A c;lose below 3.10 would signal lower.  The expected oversold level declines to 2.90.

[OB/OS channel is declining.]
Natural gas is produced with oil production. Natural gas production as a ratio of oil production has been rising, amounting to 47% of the permian basin oil production in 2024.

[6-13-26: OB/OS channel pointing down. Weekly is in a neutral posture. Wait for reversal to enter.]

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGN26, MHGN26

Weekly – In the October 2025 uptrend. Trade pressures remain up. Volumes are now bullish.

Daily –Long. In the new move from 6.31 trade on 6-11. Trade pressures are up.  Volumes are bullish.

The next target up is 6.52.  The expected overbought levels hold at 6.65.

A close below 6.32 would signal lower. The expected oversold levels decline to 6.05.

[OB/OS channel is widening.]

[6-13-26: Set the SL at 6.41.Price up near the OB levels. Need a correction to enter.]

[6-15-26: Still Flat. look for lower.]

 

GOLD_ GCQ26, MGCQ26

Weekly – In the new June 2026 down trend.  Trade pressures remain down. Volumes are now bullish.

Daily – Flat. Basing near the 4046 lows. Trade pressures are down but rising.  Volumes are neutral.

The next target down is 4013. The expected oversold level declines to 4028.

A close above 4467 would signal higher.  The expected overbought level declines to 4329.

[OB/OS channel is declining.]  GVX declines to 26.80 – in the chop zone.

[6-15-26: No pullback no entry.]

 

SILVER_ SIN26

Weekly – In the December 2023 uptrend, testing support. Trade pressures are down.  Volumes are bearish.

Daily – Flat. In the move down, now basing at 67.97, the 200 day MA. Trade pressures are down, but rising.  Volumes remain bearish.

The close above 66.29 did signal higher. The next target up is 70.99, but the weekly is still pointing down. Overbought levels decline to 70.

A close below 65.25 would signal lower.  The oversold levels decline to 58

[OB/OS channel is declining.]

[6-13-26: Wait for a retest. Watch the inflation shift.]

 

S&P 500 Futures

#emini #spfutures #SP500 #ES, #MES

Market Summary:

Copper now a new short. Gold and silver both new shorts.

Crude lower. Iran very aware of the mid-term elections and happy to inflict pain on trump.
Natural Gas breakout stalling.

The US 30yr Treasury lower as the 10yr yield rises to 4.53%.
The expected overbought level for the 10yr yield declines to 4.57%.

The US Dollar – The higher yields/inflation worries are causing the equity market to sell off, sending $’s to the USD.

_________________

S&P 500 Futures   #ESM26, #MESM26

Monthly –Monthly bar making new ATH’s. Trade pressures remain up, but still declining. Volumes closed the month of May as bullish.  The 7632 price is the adjusted high.  The next target up remains 7615. A close below 7321 would confirm any weekly move lower.

Weekly – The weekly bar higher off the Oct 31 resistance line which remains support at 7283.  Trade pressures remain up. Volumes remain bullish.  The next target up remains 7615. A close below 7457 would confirm any daily move lower.

Daily – Short.  From 7535 on 6/5. Trade pressures are down,  Volumes are bearish.

The next target down is 7262. The expected oversold level rises to 7452.

A close above 7488 would signal higher. The expected overbought level rises to 7652.

[OB/OS trend is rising.]
The VIX closes above 19 at 21.51, indicating market is in the chop/yellow zone.
The Hedgeye.com VIX risk range is 14.88 – 17.24.

[6-5-26: Set the SL at 7439. Take short profits at 7331.]

[6-7-26: Stopped out at 7439 for a gain.]

__________________

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 reset 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 down for the week, at $163,000.
The Year-to-Date portfolio performance is up 63%.

The Hedgeye GDP nowcast has rising growth projected thru July, then slowing. This “up 67%” needs to be protected/taken at the first evidence of GDP slowing. Market down hard, these days are never just one day events; wait to sell into short covering, with the intent to buy back into the July Fed inflation print.

The S&P 500 YTD return is 10.79%

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXM26

Weekly –  In the March 2026 uptrend. Trade pressures are up. Volumes are now bullish.

Daily – Long. Breaks out of  channel at 99.27 on 6/3. Yields rise, OB level declines. Trade pressures are down.  Volumes are now bearish.

The next target up is 100.13. The expected overbought level rises to 99.64.

A close below 99.36 would signal lower. The expected oversold levels declines to 98.84.

[The OB/OS channel is widening.]

 

US30YR T-BOND_ USU26

Weekly – In the March 2026 downtrend.  Trade pressures rise into the neutral zone.  Volumes remain neutral.

Daily  – Flat. Met resistance at 113-01 and is pulling back. Trade pressures are down.  Volumes are bearish.

The next target down is 110-28. Oversold levels decline to 110-25.

A close above 112-09 would signal higher. Overbought levels decline to 113-12.

[The OB/OS channel is declining.]

10yr yields rise to 4.53%. The overbought level declines to 4.62.

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLN26

Weekly – In the January 2026 uptrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. Remains in the move down from 101.70 on 5/20. Trade pressures are down.  Volumes remain bearish.

The next target down is 87.57. The expected oversold level declines to 87.26.

A close above 94.18 would signal higher. The expected overbought levels declines to 97.93.

[OB/OS channel is declining.]
OVX (oil volatility) holds at 57.

(One of the larger components in the measure of inflation.The Hedgeye.com inflation nowcast now expects inflation rising above 4% in June 17th FED report of May then declining into the July meeting.)

 

NAT GAS_ NGN26

Weekly – In the January 2025 uptrend. Trade pressures are now up.  Volumes remain bearish.

Daily – Flat, Stopped out of 3.10 long at 3.22 on 6/5.  Trade pressures are up.  Volumes are are now neutral.

The next target down is 3.16.  The expected oversold level rises to 3.04.

A close above 3.26 would signal higher. The expected overbought level rises to 3.52.

[OB/OS channel is rising.]
Natural gas is produced with oil production. Natural gas production as a ratio of oil production has been rising, amounting to 47% of the permian basin oil production in 2024.

 

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGN26, MHGN26

Weekly – In the October 2025 uptrend. Trade pressures remain up. Volumes are bearish.

Daily –Short. Breakdown below 6.32 tirggers the short trade on 6-5. Trade pressures are down.  Volumes are bearish.

The next target down is 6.13. The expected oversold levels rise to 6.21.

A close above 6.42 would signal higher.  The expected overbought levels rise to 6.65.

[OB/OS channel is rising.]

[6-6-26: Set a SL for the short at 6.32. Take profit at 6.13.]

[6-7-26: Stopped out at 6.32 for a BE.]

 

 

GOLD_ GCQ26, MGCQ26

Weekly – In the December 2023 uptrend, still near support.  Trade pressures remain down. Volumes remain bearish.

Daily – Short. In the move down from 4509 on 6/4 amid rising rate expectations. Trade pressures are down.  Volumes are bearish.

The next target down is 4192. The expected oversold level declines to 4405.

A close above 4467 would signal higher.  The expected overbought level declines to 4560.

[OB/OS channel is declining.]  GVX rises to 28.80 – remaining in the investable zone.

[6-9-26: Lower SL to 4392. Take profits at 4192. ]
[6-10-26: Profit Stop 4192 met for a gain.]

 

SILVER_ SIN26

Weekly – In the December 2023 uptrend, testing support. Trade pressures are down.  Volumes are bearish.

Daily – Short. In the new move down from 74.53 on 6/4. Trade pressures are down.  Volumes remain bearish.

The next target down is 65.05   The oversold levels decline to 68

A close above 72.32 would signal higher.  Overbought levels decline to 75.

[OB/OS channel is declining.]

[6-6-26: set the SL for the short entry at 70.27. Take short profits at 65.]

[6-9-26: Profit stop at 65 met for a gain.]

S&P 500 Futures

#emini #spfutures #SP500 #ES, #MES

Market Summary:

Copper stopped out but still a new long. Gold and silver both stopped out of their long trades.

Crude lower.  Natural Gas has successful breakout.

The US 30yr Treasury higher as the 10yr yield declines to 4.43%.
The expected overbought level for the 10yr yield declines to 4.68%.

The US Dollar – The lower yields are taking the USD down with them.

_________________

S&P 500 Futures   #ESM26, #MESM26

Monthly –Monthly bar making new ATH’s. Trade pressures remain up, but still declining. Volumes closed the month of April as bullish.  The 7611 price is the adjusted high.  The next target up remains 7615. A close below 7300 would confirm any weekly move lower.

Weekly – The weekly bar higher off the Oct 31 resistance line which now becomes support.  Trade pressures remain up. Volumes remain bullish.  The next target up remains 7615. A close below 7436 would confirm any daily move lower.

Daily – Long.  From 7468 on 5/21. Trade pressures remain up,  Volumes remain bullish.

The next target up is 7634.  The expected overbought level rises to 7598.

A close below 7585 would signal lower. The expected oversold level rises to 7355.

[OB/OS trend is rising.]
The VIX closes below 19 at 15.32, indicating market is investable.
The Hedgeye.com VIX risk range is 15.29 – 18.01.

[6-2-26: At 7632. Raise SL for the move up at 7550.]
[6-3-26: Stopped out at 7550.]

__________________

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 reset 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 static for the week, at $167,000.
The Year-to-Date portfolio performance is up 67%.

The Hedgeye GDP nowcast has rising growth projected thru July, then slowing. This “up 67%” needs to be protected/taken at the first evidence of GDP slowing.

The S&P 500 YTD return is 10.46%

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXM26

Weekly –  In the March 2026 uptrend. Trade pressures are up. Volumes are now neutral.

Daily – Flat. Moving sideways in a tight channel. Yields decline, OB level declines. Trade pressures are down.  Volumes are now bearish.

The next target down is 98.79. The expected oversold levels rise to 98.87.

A close above 99.23 would signal higher. The expected overbought level declines to 99.51.

[The OB/OS channel is narrowing.]

 

US30YR T-BOND_ USU26

Weekly – In the March 2026 downtrend.  Trade pressures are down, but rising.  Volumes decline neutral.

Daily  – Flat. In a move up off the 109-01 lows. Trade pressures are up.  Volumes remain bullish.

The next target up is 113-06.  Overbought levels decline to 113-30.

A close below 111-16 would signal lower. Oversold levels rise to 111-06.

[The OB/OS channel is rising.]

10yr yields down to 4.43%. The overbought level is at 4.68.