Author: ChasW

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLH23

Weekly – In the September 2022 downtrend. Trade pressures are up. Volumes are now bullish.

Daily – In the move up from the second leg up thru 74.71 on 1/10/23. Trade pressures are down into the neutral zone.. Volumes are bullish.

Stopped at the oversold level of 82.90. The next target up is 82.18.

The close below 80.76 signaled lower and retracement has begun. The expected oversold level is now 77.63.

 

NAT GAS_ NGH23

Weekly – In the October 2022 downtrend. Trade pressures are down. Volumes remain bearish.

Daily – Flat. In the the second leg down from 6.80 on 11/30/22. Trade pressures are down. Volumes are bearish.

At next target down of 2.66. The oversold level is 2.74.

A close above 2.90 would signal higher. Overbought is expected at 3.66.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGH23

Weekly – In the January 2023 uptrend. Trade pressures are up. Volumes are bullish.

Daily – Short. In the move down from the 4.22 short entry on Jan 19. Trade pressures are down into the neutral zone. Volumes are neutral.

The next target down is 4.08. Oversold levels are at 4.03

A close above 4.27 would signal higher. Overbought is at 4.30.

 

GOLD_ GCJ23

Weekly – In the January 2023 uptrend. Trade pressures are up. Volumes are bullish.

Daily – Long, in the Nov 30th long entry at 1790. Trade pressures are down into the neutral zone. Volumes are now bearish.

Overbought at 1949. The next target up is 2030.

The close below 1946 has begun a retracement of the long trade. The next target down is 1926. overbought levels are 1877.

 

SILVER_ SIH23

Weekly – In the December 2022 uptrend. Trade pressures are up but declining. Volumes are now bearish.

Daily – Flat. In the move up from the November long entry at 21.81. Trade pressures are down. Volumes are bearish.

The next target up remains the 24.77 pivot high. Still seeing lower highs here; look for retracement.

A close below 22.88 would signal lower.

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Summary:

Copper and gold breakouts continue, but oversold levels are reached. Silver is still showing a lower high.

Crude oil is in a second attempt to move higher but is over bought. Natural gas remains near the downside targets and is over sold.

The US 30yr Treasury Bond is rejecting the attempt to short but is stalled at the 200 day MA..

The US Dollar futures are oversold and at the 101.64 target. 101.61 is the oversold level.

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S&P 500 Futures_

Monthly –  Remains in the consolidation Trade pressures are up. Volumes closed the month of December as neutral. The next target down is the 3008 level. A close above 4169 would confirm any weekly move higher.

Weekly – In the new move up from the 3957 entry. Trade pressures are rising in the neutral zone. Volumes are are bullish. The next target up is 4128. A close below 3804 would confirm any daily move lower.

Daily – Long. In the 1/11/23 move up from 3941. Experiencing a retracement inside the move up. Trade pressures are down into the neutral zone. Volumes are now neutral. Price now above the oversold level of 4009. A close below the mid-week lows would signal lower. Use 3960 as the SL and possible short entry. Expected oversold levels are 3809.

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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 marked to the market and is restarted at $100,000 for the 2023 year.

The Navellier portfolio stocks closed down 35% for the 2022 Year.

This week’s market ended with an attempt to close above the 2022 downtrend line. The portfolio value move up to approximately $104,000. The Year-to-Date portfolio performance is now up 4%.

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

US$$

#usdollarfutures #ustreasurybondfutures

Weekly –  In the December 2022 downtrend. Trade pressures are down but rising. Volumes are bearish.

Daily – Flat. In the move down from 105.31 on 12/1/22. Trade pressures are down. Volumes are bearish.

At the 101.64 target down. Oversold is at 101.61..

A close above 102.17 would signal higher. Oversold is expected at 105.76.

 

US30YR T-BOND_ USH23

Weekly – In the January 2022 downtrend. Trade pressures are rising into the neutral zone. Volumes are now bullish.

Daily  – Flat. The move up has been stopped by the 200 day MA. Trade pressures are up but consolidating. Volumes are now neutral.

The next target down is the short entry at 126-06.

A close above 131-10 would signal higher.

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLH23

Weekly – In the September 2022 downtrend. Trade pressures are up. Volumes are now bullish..

Daily – In the move up from the second leg up thru 74.71 on 1/10/23. Trade pressures are up but declining. Volumes are bullish.

At the oversold level of 81.99. The next target up is 82.18.

A close below 80.00 would signal lower. The expected oversold level is 72.07.

 

NAT GAS_ NGH23

Weekly – In the October 2022 downtrend. Trade pressures are down. Volumes remain bearish.

Daily – Flat. In the the second leg down from 6.80 on 11/30/22. Trade pressures are down. Volumes are bearish.

The next target down is 2.66. Now at the 3.16 oversold level.

A close above 3.53 would signal higher. Overbought is expected at 3.98.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGH23

Weekly – In the January 2023 uptrend. Trade pressures are up. Volumes are bullish.

Daily – Short. In the move down from the 4.32 [Correction: 4.26] entry on 1/19/23. Trade pressures are up but declining. Volumes are bullish  but declining.

At the over bought level. The next target down is 4.02. Oversold levels are at 3.83.

A close above the pivot high at 4.35 would signal higher. Use this as the SL.

[1/23/23: Lower SL to BE at 4.32.]

[1/25/23: Lower SL to 4.25.] [1/25/23 pm CST: Stopped out.]

 

GOLD_ GCG23

Weekly – In the January 2023 uptrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the November entry at 1713. Trade pressures are up. Volumes are bullish.

The next target up is 1956. Over bought is 1945.

A close below 1913 would signal lower. Oversold levels will be 1851.

 

SILVER_ SIH23

Weekly – In the December 2022 uptrend. Trade pressures are up but declining. Volumes are bullish.

Daily – Flat. In the move up from the November long entry at 21.81. Trade pressures are up. Volumes are bullish.

The next target up is the 24.77 pivot high. Seeing lower highs here; look for retracement.

A close below 22.88 would signal lower.

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Summary:

Copper and gold are in breakouts to the upside. Silver is developing a lower high.

Crude oil is in a second attempt to move higher. Natural gas is near the downside targets and is over sold.

The US 30yr Treasury Bond is rejecting the attempt to short.

The US Dollar futures are oversold and near the 101.65 target.

_______________________

S&P 500 Futures_

Monthly – Now in the third month of consolidation. Trade pressures are down but rising. Volumes closed the month of December as neutral. The next target down is 3008. A close above 4169 would confirm any weekly move higher.

Weekly – The lower median line held as support at 3800. Trade pressures remain in the neutral zone. Volumes are now bullish. The next target up is 3957. A close below 3804 would confirm any daily move lower.

Daily – Long. In the move up from 3941 on 1-11-23. Trade pressures are up. Volumes are bullish. The next target up is 4112. A close below 3950 would signal lower. Use this as the SL.

___________________

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 marked to the market and is restarted at $100,000 for the 2023 year.

The Navellier portfolio stocks closed down 35% for the 2022 Year.

This week’s market ended with an attempt to close above the 2022 downtrend line. The portfolio value move up to approximately $101,000. The Year-to-Date portfolio performance is now up 1%.

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

US$$

#usdollarfutures #ustreasurybondfutures

Weekly –  In the December 2022 downtrend. Trade pressures are down but rising. Volumes are bearish.

Daily – Flat. In the move down from 105.31 on 12/1/22. Trade pressures are down. Volumes are bearish.

The next target down is 101.64. Oversold is at 101.95.

A close above 102.30 would signal higher. Oversold is expected at 106.16.

 

US30YR T-BOND_ USH23

Weekly – In the January 2022 downtrend. Trade pressures are rising into the neutral zone. Volumes are now neutral.

Daily  – Flat. Retracing the move down from 125-16. Trade pressures are up. Volumes are bullish.

The next target down is the short entry at 125-16.

A close above 131-10 would signal higher. Use this as the SL.

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLH23

Weekly – In the September 2022 downtrend. Trade pressures are in the neutral zone. Volumes are bearish.

Daily – In the move up from the second leg up thru 74.71 on 1/10/23. Trade pressures are up. Volumes are bullish.

The next target up is 80.82. Overbought is at 79.59.

A close below 78.30 would signal lower. Overbought is at 71.15.

 

NAT GAS_ NGH23

Weekly – In the October 2022 downtrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the the second leg down from 6.80 on 11/30/22. Trade pressures are down but rising. Volu es are bearish.

The next target down is 2.66. oversold is at 3.31.

A close above 3.82 would signal higher. Overbought is expected at 4.43.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGH23

Weekly –  Breaks above the the downtrend resistance to form new uptrend. Trade pressures aare up. Volumes are bullish.

Daily – Flat. Missed the break above the 200day. In the move up from 3.88 on 1/6/23. Trade pressures are up and trending. Volumes are bullish.

The next target up is 4.30. The overbought levels are also 4.30.

A close below 4.16 would signal retracement. Oversold is at 3.65.

 

GOLD_ GCG23

Weekly – In the new January 2023 uptrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the 11/8/22 long entry. Trade pressures are up and trending. Volues are bullish.

The next target up is 1956. well above the 1911 over bought level.

A close below 1915 would signal a retracement. Oversold is at 1829.

 

SILVER_ SIH23

Weekly – In the December 2022 uptrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from 21.81 long entry. Trade pressures are up. Volumes are bullish.

The next target up is 25.14.

A close below 24.20 would signal retracement.