Author: ChasW

US$$

#usdollarfutures #ustreasurybondfutures

DXH23

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

Daily – In the move down from the 11/4 short entry at 111.46. Trade pressures are rising into the neutral zone. Volumes are now bullish.

Still in the daily downtrend. The next target down is a retest of the pivot low at 102.87.

The next target up is a new long entry at 105.49.

 

US 30YR T-BOND_ USH23

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

Daily – Flat. In the move up off the 11/10 entry at 121-00. Trade pressures are up but showing divergence. Volumes remain bullish.

Now at the 100% target of 132-13. Consolidating.

A close below the 129-12 low would signal lower.

 

 

 

 

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ GLH23

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

Daily – Long in the new 12/13 move up from 74.71. Trade pressures are down. Volumes are now neutral.

The next target up is 78.86. The overbought level is 78.92. Use that as the Profit Stop.

A close below the prior low of 70.56 would signal lower.

[12-22-22: Profit stop at 78.92 met.]

 

NAT GAS_ NGH23

Weekly – In the October 2022 downtrend. Trade pressures are down into the neutral zone. Volumes are still bullish.

Daily – Flat. In the move down from the resistance at the 220 day MA. Trade pressures are down. Volumes are neutral.

The next target up is a new long entry at 5.69. 7.20 will be the overbought level.

A close below 5.12 would signal lower. That level is below the current 5.20 oversold level.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGH23

Weekly – In the May 2022 downtrend. Still testing the upside resistance. Trade pressures are in the neutral zone. Volumes are bullish.

Daily – Flat. Remains in the move down from the 3.82 retest of resistance. Trade pressures are down volumes are bearish.

The next target down is 3.69. 3.61 is the oversold area.

A close above 3.82 would signal higher. Use this as the SL. 3.90 will be the oversold area.

 

GOLD_ GCG23

Weekly – In the July 2022 downtrend, but testing upside resistance. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the 11/8 long entry at 1703. Trade pressures are down. Volumes are now bearish.

The next target up is the prior high at 1836. The overbought area is at 1832.

A close below the short entry at 1785 would signal lower. Over sold area is at 1765.

 

SILVER_ SIH23

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

Daily – Short. In the new move down from the 12/15 short trigger at 23.50. Trade pressures are down. Volumes are bearish.

The next target down is 22.61. Oversold is at 22.46.

A close above 23.65 would signal higher. Use this level as the SL.

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Summary:

Copper is at resistance levels. Gold and silver are showing some divergences in the move up.

Crude oil is oversold. Natural gas has trigger a new long entry.

The US 30 year treasury trade pressures are diverging at the upside targets.

The US Dollar futures are at oversold levels.

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S&P 500 Futures_

Monthly – Retracing the prior month move up. Trade pressures are up into the neutral zone. Volumes closed the month of November as neutral. The next target down is 3008. A close above 4138 would confirm any weekly move higher.

Weekly – In the move up from 3705 at the October week ending 10/21. Trade pressures are up. Volumes are now neutral. The next target up is 4221. A close below 3942 would confirm any Daily move lower.

Daily – In the move up off the weekly 3705. Trade pressures are down. Volumes are neutral. The next target up is 4221. Overbought levels are 4034. A close below 3942 and the support levels at 3916 would signal lower. Oversold levels are 3813 and can be used as further targets.

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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 2022 year.

The portfolio stocks closed up 39% for the 2021 Year.

This week’s market closed down. The portfolio value moved down 8% to approximately $62,000. Again, the concentration in energy stocks fell with the crude futures. The Year-to-Date portfolio performance is now down 38%. A serious underperformance of all the Indices; perhaps some style drift?

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

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DH23

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

Daily – In the move down and at the 104 oversold levels and also at the 200 day MA at 104.93. Trade pressures are down. Volumes are bearish.

The next target down is 103.49.

A close above 106.23 would signal higher. Overbought levels are 108.25.

 

US 30YR T_BOND_ USH23

Weekly – In the January 2022 downtrend. Trade pressures are up and price is near resistance. Volumes are bullish.

Daily – Flat. In the move up from the 120-27 long entry on 11/09. Trade pressures are up but showing divergence. Volumes are bullish.

The next target up is 132-13 and the prior high. 135-29 is the oversold level and the 200 day MA.

A close below the Friday 129-15 low would signal lower. The oversold level is 124-25.

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLH23

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

Daily – Flat. In the second leg down from the 79.37 short entry on 12/5. Trade pressures are down. Volumes are bearish.

The next target down is 67.16. Oversold is at 70.03.

A close above 72.86 would signal higher. USE this as SL. Overbought is 80.38.

 

NAT GAS_ NGH23

Weekly – In the October 2022 downtrend. Trade pressures are down into the neutral zone. Volumes are bullish.

Daily – Long. In the move up from the 5.21 long entry. Trade pressures are up. Volumes are bullish.

The oversold level was reached at 5.00. The next target up is 5.79. Overbought is 6.77.

A close below 5.13 would signal lower and is the SL.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGH23

Weekly – In the May 2022 downtrend. Trade pressures are in the neutral zone. volumes are bullish.

Daily – Flat. In the move down from 3.82, but testing the upper median line resistance at 3.88. Trade pressures are up and extended. Volumes are bullish.

The next target down is 3.62, which would be near the oversold level.

A close above 3.88 would signal higher. Overbought levels are 3.95.

 

GOLD_ GCG23

Weekly – In the July 2022 downtrend. Trade pressures are up, testing the resistance. Volumes are bullish.

Daily – Flat. In the move up from the 1703 entry on 11/8. Trade pressures are up but showing some divergence. Volumes are bullish.

The next target up is the 200 day MA at 1827. Overbought is at 1833.

A close below 1771 would signal lower. the oversold expected level than is 1735.

 

SILVER_ SIH23

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

Daily – Flat. In the move up from the 21.81 level. Trade pressures are up, but showing divergence. Volumes are bullish.

The next target up is 25.14. Overbought is 24.23.

A close below 23.20 would signal lower. Oversold is 22.03.

 

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Summary:

Copper in a move up to what appears to be a lower high at the 200 day MA. Gold in new long after the Thursday breakout. Silver has the same breakout. Don’t chase them.

Crude oil is looking lower. Natural gas is in a short.

The US 30 year Treasury is in the move up after a failed short.

The US Dollar futures are near oversold. Look for a bounce.

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S&P 500 Futures_

Monthly – Retracing the summer move down. Trade pressures are up into the neutral zone. Volumes close the month of November as neutral. The next target down still is 3008. A close above 4138 would confirm any weekly move higher.

Weekly – In the move up from the 3674 long entry the week ending 10/21. Trade pressures are up. Volumes are bullish. The next target up is 4190. A clos e below 3897 would confirm any Daily move lower.

Daily – In the 10/25 uptrend. Trade pressures are in the neutral zone. Volumes are neutral. The next target up is the weekly 4190. A close below 3911 would signal lower. Up against the January downtrend line. The SPX is overbought at 4103, which is just below the 4110 close,  and the VIX is oversold below 19. While the upper time frames look bullish, a correction in the daily seems likely.

[12-5-22: 88 point range in a 86 point down day. A close below 3911 would signal lower. Need a break above 4075 to continue higher.]

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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 2022 year.

The portfolio stocks closed up 39% for the 2021 Year.

This week’s market closed up. The portfolio value moved down 2% to approximately $70,000. The concentration in energy stocks fell with the crude futures. The Year-to-Date portfolio performance is now down 30%.

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

 

 

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXH23

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

Daily – In the move down from the 11/04 entry at 11.79. Trade pressures are down. Volumes are bearish.

The next target down is 104.30, also the oversold level.

A close above 105.11 would signal higher. 109.66 is the next overbought level.

 

US 30YR T-BOND_ USH23

Weekly – Remain s in the January 2022 downtrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the new move down from the 127 short entry on 11/29. Trade pressures are up and turning higher. Volumes are  bullish.

Trade stopped out at the 11/28 swing high of 128-17 on 12/01. The next target up is 132-13.

A close below  124-07 would signal lower.

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLH23

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

Daily – Flat. In the move down from the 11/17 short entry at 83.19, traded down and thru the 75.00 oversold level. Trade pressures are up but declining. Volumes are now neutral.

The move up off the oversold level has stopped at an overbought level. The next target down is 75.69.

A close above 82.40 would signal higher.

 

NAT GAS_ NGH23

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

Daily – Short. In the new move down from the 12/1 entry at 6.18. Trade pressures are down. Volumes are bearish.

The next target down is 5.44. Very high daily ranges. Hard to trade.

A close above 5.92 would signal higher.