Author: ChasW

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM22

Weekly – In the December 2021 downtrend. Trade pressures are up. Volumes are bullish.

Daily – Everyone thinks oil goes to 100. Trade pressures are up but declining. Volumes are bullish.

The next target up is 91.75.

A close below 79.73 would signal a retracement. Would likely coincide with a change in the expected rate of change of GDP growth.

 

NAT GAS_ NGH22

Weekly – Has made the round trip from the June 2021 breakout. Trade pressures are up. Volumes are now neutral.

Daily – The new long was triggered at 4.43 on 1/12. Ran into the resistance at 4.88, then began a retracement. Trade pressures are down but rising. Volumes are now neutral.

Sitting on support after retracing down to 3.78. The next target up is the 200 Day MA at 4.25.

A close below the support would signal lower.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGH22

Weekly –  Remains in the long uptrend from June 2020. Trade pressures are up. Volumes are bullish.

Daily – Flat. Out at a loss. Can’t trade against the weekly trade pressures. Trade pressures are up. Volumes are bullish.

The next target up is 4.64.

A close below 4.42 would signal lower.

 

GOLD_ GCM22

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

Daily – Long. In the move up from the 1796 long entry of 12/17/21. Trade pressures are up but declining. Volumes are now neutral.

Need a touch of 1816 to reenter the long trade. The next target up is 1854.

A close below 1808 would signal lower. Use 1808 as the SL.

 

SILVER_ SIH22

Weekly – In the August 2021 downtrend. Trade pressures are up. Volumes are now bullish.

Daily – Long. in the move up from the 22.43 long entry and the retracement at 23; the breakout and retracement to the downtrend resistance line. Trade pressures are up and trending. Volumes are bullish.

The next target up is 25.49.

A close below 24.19 would signal lower and act as the SL.

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures:

Copper breaks out and immediately falls back to the breakout point. Gold is in the  move up but struggling. Silver is new long.

Crude Oil is at new highs, expect consolidation. Nat gas tried to breakout, but failed.

The US 30 year Treasury is poised for a new long entry.

The US Dollar futures are in the move down, but looking at a retracement up. Should be long in a declining growth environments.

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S&P 500 Futures_

Monthly – Off the highs. Trade pressures are up but declining. Volumes closed the month of December as bullish. The next target up is 5018. A close below 4232 would confirm any weekly move lower.

Weekly – Still in the November 202 move up from the 3499 long entry. Trade pressures are up but declining. Volumes are bearish. The next target up is 5473. A close below 4505 would confirm any Daily move lower.

Daily –  Flat. In the move down from the 4720 short entry. Trade pressures are up into the neutral zone. Volumes are bullish. the next target down is 4578. A close above 4670 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 last week in 2022 was mixed-to-down to approximately $95,000. The Year-to-Date portfolio performance is now down 5%.

 

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

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXH22

Weekly – In the March 2021 uptrend. Trade pressures are down into the neutral zone. Volumes are bearish.

Daily – In the new move down form the 95.91 short entry. Trade pressures are down but rising. volumes are bullish.

The next target down is 94.45.

The close back above 95.15 is a signal for a retracement higher.

 

US 30YR T-BOND_ USH22

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

Daily – In the move down. Trade pressures are rising into the neutral zone. Volumes are still bearish.

The next target down is 154-20.

A close above 156-27 would signal a new move up.

Oil & Gas

#crudeoilfutures #naturalgasfutures

Crude_ CLM22

Weekly – In the December 2021 downtrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. Closed the long trade at 76.30. Trade pressures are up. Volumes are bullish.

At the 80.19 upside target. Consolidation is expected.

A close below 77.28 would signal lower.

 

NAT GAS_ HGH22

Weekly – In the long uptrend from June 2021. Trade pressures are up into the neutral zone. Volumes are bearish.

Daily – Flat. In the bull flag from October 2021. Trade pressures are down into the neutral zone. Volumes are now neutral.

The close above 4.43 has triggered the new long. But the weekly does not confirm. Wait for the breakout above the bull flag resistance at 4.95.

The next target down is the prior low at 3.52.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGH22

Weekly – Remains in the June 2020 uptrend. Trade pressures are up. Volumes are bearish.

Daily – Short. In the new move down from the 4.42 short entry. Trade pressures are down. Volumes are bearish.

The next target down is 4.24.

A close back above 4.47 would signal higher.

 

GOLD_ GCM22

Weekly – In the June 2021 downtrend. Trade pressures are in the neutral zone. Volumes are now neutral.

Daily – Flat. In the move up from the 1796 log entry. Trade pressures are up but declining. Volumes are bullish.

The next target up is 1835. Need a cycle lower to below 1800 to re-enter the long trade.

A close below 1821 would signal lower.

 

SILVER_ SIH22

Weekly – In the August 2021 downtrend. Trade pressures are up. Volumes are neutral.

Daily – Long, from a second leg up from the 22.43 long entry. Trade pressures are up but declining. Volumes are bullish.

The next target up is 23.45.

A close below 22.59 would signal lower. Use as SL.

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures:

Copper is pulling back in the move up. Gold and Silver are the same, looking for a new long entry.

Crude oil is extended to the upside. Natural gas is tempting the longs.

The US 30 Year Treasury is down hard, impacting the growth stocks. Yields backing off would be the next surprise.

The US Dollar futures are down near support.

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S&P 500 Futures_

Monthly – Another new high. Trade pressures are up but declining. Volumes are closed the month of December as bullish. The next target up is 5018. A close below 4252 would confirm any weekly move lower.

Weekly  – In the move up from the November 2020 entry at 3499. Trade pressures are up but showing divergence. Volumes are bearish. The next target up is 5473. A close below 4522 would confirm any Daily move lower.

Daily – Short in the move down from the 4720 level. Trade pressures are down. Volumes are bearish. The next target down is 4622, which is also at a long term resistance line. A close above 4692 would signal higher and also act as the SL.

[1-10-22: Close the short at 4616.]

____________________

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.  The first week in 2022 was down 5% to approximately $95,000. The Year-to-Date portfolio performance is now down 5%.

 

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

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXH22

Weekly – In the April 2021 uptrend. Trade pressures are up but declining. Volumes are neutral.

Daily – In consolidation all of December. Trade pressures are down. Volumes are bearish.

The next target down is 94.92.

A close above 96.16 would signal higher.

 

US 30YR T-BOND_ USH22

Weekly – Just set a new downtrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. in the move down from the 162-09 short entry on 12/07. Trade pressures are down. Volumes are bearish.

Passed thru the downside target of 155-29, the next target down is 150-23.

A close above 156-08 would signal higher. SL @ 156-08.

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM22

Weekly – In the Dec 2021 downtrend. Trade pressures are up. Volumes are bullish.

Daily – Long. In the move up from the Dec 21 entry at 71.27. Trade pressures are up. Volumes are bullish.

The next target up is 80.19.

A close below 73.90 is the SL and would signal lower. ( the 60 minute is showing oversold.)

[1-10-22: June Crude breaks the 3hr stop at 76.01. Sell at 76.30 LMT]

 

NAT GAS_ HGH22

Weekly – In consolidation at the same level as the June 2021 breakout to the upside. Trade pressures are down but rising. Volumes are bearish.

Daily – Flat. Very slight bias upward, but with high volatility. Trade pressures are up. Volumes are now bullish.

The next target up is the 200 day at 4.18.

The next target down is the 3.51 downside target.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGH22

Weekly – Remains i  the June 2020 uptrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move yup from the 4.33 entry level. Trade pressures are down but rising. Volumes are now neutral.

The next target up is 4.54.

A close below 4.35 would signal lower. SL is 4.35.

 

GOLD_ GCM22

Weekly – In the June 2021 Downtrend. Trade pressures are down into the neutral zone. Volumes are bearish.

Daily – Flat. In the move up from the Dec 22nd entry at 1796; but stopped out at the 1810 SL. Trade pressures are down. Volumes are bearish.

The next target up is a move up thru the long entry with a bullish reversal of the trade pressures.

A close below 1777 would signal lower.

 

SILVER_ SIH22

Weekly – In the Aug 2021 downtrend. Trade pressures are up. Volumes are again neutral.

Daily – Flat. In the move up from the 22.43 long entry. Trade pressures are bullish. Volumes are now bullish.

The next target up is the 23.45 level.

A close below 21.82 would signal lower and is the SL.