Author: ChasW

S&P 500 Futures

.#emini #spfutures #SP500 #ES

Market Pressures:

Every thing crashed. Copper is at the low end of the trading range. Gold is as well. But silver seems to have some support.

Crude oil is is a new weekly downtrend. Natural gas is in freefall, with a point value of $10,000 half pint swings are hard to trade.

The US 30 yr Treasury is down at targets and show some bullish volumes.

The US Dollar is controlling everything; but is now at the upper bound of the rising channel.

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S&P 500 Futures_

Monthly – down hard to test the June 2022 lows. Trade pressures are are down. Volumes closed the month of August as bearish. The next target down is 3695. A close above 4275 would confirm any weekly move up.

Weekly – In the move down from the4069 short entry on 8/26. Trade pressures are down. Volumes are bearish. The next target down is 3626. A close above 4330 would confirm any daily move higher.

Daily – Flat. In the move down from the 4070 short entry level on 9/13. Trade pressures are down. Volumes are bearish. The next target down is 3586. A close above 3822 would signal 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 down hard despite a small short covering rally at the close. Again, the energy stocks in the portfolio  held it down to approximately $63,000. The Year-to-Date portfolio performance is now down 37%.

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

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXZ22

Weekly – In the March 2021 uptrend. Trade pressures are up. Volumes are bullish.

Daily – In the move up from the 106.23 level on 8/16. Trade pressures are up. Volumes are bullish.

The next target up was 112.17, blew past that and now at the upper channel boundary.

A close below 112.08 would signal lower.

 

US 30YR T-BOND_ USZ22

Weekly – In the January 2022 downtrend. Trade pressures are down and trending. Volumes are bearish.

Daily – Flat. In the move down from the 148-23 on 8/3. Trade pressures are down hard. Volumes are now bullish.

At the 128-07 down side target. The next target down is 123-15.

A close above 130-14 would signal higher.

 

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLX22

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

Daily – Flat. In the move down from the*9 short entry on 8/31. Trade pressures are down. Volumes are bearish.

The next target down is 76.99.

A close above 79.27 would signal higher. Use this as the SL.

 

NAT GAS_ NGX22

Weekly – In the June 2021 uptrend. Trade pressures are down hard. Volumes are bearish.

Daily – Flat. In the move down from the 8.70 short entry on 9/15. Trade pressures are down. Volumes are bearish.

At the 6.98 downside target. the  next target down is 6.59, the 200 day MA.

A close above 8.03 would signal higher.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGZ22

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

Daily – Short, in the new move down from the 3.42 entry. Trade pressures are down. Volumes are bearish.

The next target down is 3.29.

A close above 3.42 would signal higher. Use this as the SL.

 

GOLD_ GCZ22

Weekly – In the July 2022 down trend. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down form the 1773 short entry on 8/18. Trade pressures are down but rising. Volum es are bearish.

The next target down is 1620.

A close above 1718 would signal higher.

 

SILVER_ SIZ22

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

Daily – Flat. The new short entry was signaled on 9/16 at 19.12, no entry as the daily ranges were too large. Trade pressures are down. Volumes are bearish.

The next target down is 18.23.

A close above 18.98 would signal higher.

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures:

Copper in a tight range, 3.30 to 3.70. Gold has sold down hard but is oversold. Silver has held up and is in an uptrend.

Crude oil is consolidating, but with a bias to the upside. Natural gas is down near oversold levels.

The US 30yr T-Bond continues lower.

The US Dollar future is testing resistance, shouldn’t move down til the interest rates stop going up.

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S&P Futures_

Monthly – Now below the last month’s low and targeting the June lows, Trade pressures are down. Volumes close the month of August as bearish. The next target down is 3695. A close above 4275 would confirm any weekly move higher.

Weekly – Weekly has broken down from the support line at 3900. Trade pressures are down into the neutral zone. Volumes are bearish. The next target down is 3746. A close above 4330 would confirm any Daily move higher.

Daily – Flat. In the move down from the 4070 short signal on 9/13. Trade pressures are down. Volumes are bearish. The next target down is 3734. 3825 is the oversold level. A close above 4015 would signal higher. 4044 is the overbot level.

____________________

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 last week’s market closed with a small short covering rally. But the energy stocks in the portfolio held it down to approximately $71,000. The Year-to-Date portfolio performance is now down 29%.

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

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXZ22

Weekly – In the June 2021 uptrend. Trade pressures are up. Volumes are bullish.

Daily – In the  move down from the 109.99 high pivot, forming a small bull flag, suggesting a move higher. Trade pressures are up. Volumes are bullish.

The next target up is the prior high at 110.52; which would be the over-bot level.

A close below 109.22 would setup the next target down at 108.46; which would be the oversold level.

 

US 30YR T-BOND_ USZ22

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

Daily – Flat. In the move down from the 142-24 short entry on 8/5/22. Trade pressures are down and trending. Volumes are bearish.

The 131-08 downside target was the profit target. The next target down is 127-25.  The 10 year is overbot at 3.20%.

A close above 131-29 would signal higher. The 10 year is oversold at 3.51%.

 

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLV22

Weekly – In the Feb 2022 uptrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. Consolidating at the 86 level. Trade pressures are down. Volumes are now neutral.

The next target down is 81. The oversold level is @ 82.

A close above 86.40 would signal higher. The over bot levels are at 90.12

 

NAT GAS_ NGV22

Weekly – In the June 2021 uptrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 8.90 short entry and the 9.11 close on 9/14. Trade pressures are down. Volumes are bearish.

The next target down is 7.28. Oversold is at 7.50.

A close above 8.33 would signal higher. 9.11 is the oversold level.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGZ22

Weekly – In the May 2022 downtrend. Trade pressures are neutral. Volumes are now neutral.

Daily – Flat in the move up off the 3.42 low pivot. Trade pressures are up. Volumes are now neutral.

The next target up is a new long entry at 3.50 which has been triggered. But overbot, wait for a cycle down on the 2 hr chart and entry on a bullish reversal.

A close below the 3.42 low pivot would signal lower. 3.30 is the over sold range.

 

GOLD_ GCZ22

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

Daily – Flat. In the move down from the 1773 short entry on 8/18. Trade pressures are down. Volumes are now bullish.

The next target down is 1620. 1651 is oversold range.

A close above 1684 would signal a retracement up of this move down.

 

SILVER_ SIZ22

Weekly – In the may 2022 downtrend. Trade pressures are rising in the neutral zone. Volumes are now neutral.

Daily – Flat. Silver has held up in the gold move down. Trade pressures are now down. Volumes are bullish.

The new long entry at 18.83 has been triggered and is now in a back-test of that breakout. Enter trade as the daily pressures reverse.

A close below 18.65 would signal lower.

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures:

Copper now in a new long trade. Gold is in the new move up. Silver is near a new long entry.

Crude oil is now in a new long move. Natural gas is in the retracement down, but looking for a new long entry.

The US 30 year Treasury is in the move down, but near a new long entry.

As they say, It’s all about the dollar. The US Dollar futures are in a retracement  down from the 110 highs.

____________________

S&P 500 Futures_

Monthly – Still in the move down. Trade pressures are down. Volumes closed the month of August as bearish. The next target down is 3695. A close above 4275 would confirm any weekly move higher.

Weekly – In the move up off the 3639 recent low pivot. Trade pressures are down into the neutral zone. Volumes are bearish. The next target up is 4988. A break below last weeks low of 3883 would confirm any daily move lower.

Daily – Long, in the new move up from the 4045 new long entry. Trade pressures are rising into the neutral zone. Volumes are now bullish. The next target up is 4227. A close below 4022 would signal a resumption of the move down.

____________________

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 last week’s market began to rally. But the energy stocks in the portfolio held it down to approximately $73,000. The Year-to-Date portfolio performance is now down 27%.

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

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXZ22

Weekly – In the March 2021 uptrend. Trade pressures are up. Volumes are bullish.

Daily – In a retracement of the upmove. Trade pressures are down. Volumes are bullish.

The next target down is 107.60.

A close above 109.10 would restart the move up.

 

US 30YR T-BOND_ USZ22

Weekly – In the Jan 2022 move down. Trade pressures are down. Volumes are bearish.

Daily – Short. In the move down from the 138.24 short entry on 8/19. Trade pressures are down but rising. volumes are bearish.

The next target down is 131-08. Take profits at 131-08.
[9/13/22: profit stop, out.]

A close above 134-00 would signal higher. Watch the 10 yr yields.