Author: ChasW

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXZ21

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

Daily – Trading in the channel between 89 and 94 for all of 2021. Trade pressures are down into the neutral zone. Volumes are neutral.

The next target  down is 91.29.

A close above the previous high of 92.85 would signal higher.

 

US 30YR T-BOND_ USZ21

Weekly – In the July 2021 uptrend. Trade pressures are up but declining to near the neutral zone. Volumes are neutral.

Daily – Flat. Showing a bull flag and has tested the upper boundary 4 times. Trade pressures are in the neutral zone. Volumes are bullish.

If the S&P 500 breaks down, then a trade above 164-20 would signal a new move up.

A close below 161-24 would signal lower and would be the initial stop for any move up.

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLZ21

Weekly – In the December 2020 uptrend. Trade pressures are up. Volumes are bearish.

Daily – Flat. In the move up from the 64.50 long entry. Trade pressures are up into the neutral zone. Volumes are now bullish.

The 70.93 resistance break will signal a new move up.

A close below 67.55 would signal lower. The moving average at 61.74 would be a likely target.

 

NAT GAS_ NGZ21

Weekly – In the April 2020 uptrend. Trade pressures are up. Volumes are bullish.

Daily – Long; in the move up from the  8/26 4.29 entry. Trade pressure are up. Volumes are bullish.

The next target up is 5.48.

A close below 4.96 would be the stop.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGZ21

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

Daily – Flat. In the bull flag since May 2021. Trade pressures are up. Volumes are bullish.

In the move up from the 4.31 long entry. The next target up is 4.48 which should be resistance,

A close below 4.41 would signal lower.

 

GOLD_ GCZ21

Weekly – In the long downtrend from the August 2020 highs. Trade pressures are down into the neutral zone. Volumes are neutral.

Daily – Long. In the move up from the 1738 entry level. Trade pressures are down but reversing. Volumes are bearish.

The next trade up is the 1836 prior high. Need a trade above the 1866 resistance to get a new move going.

A close below 1788 would signal lower. Use that as the stop.

[9-13-21: Touched stop and turned higher, still long.]

[9-14-21: second trip down thru 1788. stopped out.]

 

SILVER_ SIZ21

Weekly – New downtrend started August 13th. Trade pressures are down but rising into the neutral zone. Volumes are still bearish.

Daily – Long. Waiting for a pullback to enter. Trade pressures are down. Volumes are bearish.

Enter the long below 23.00.

A close blow 22.34 will break strong support. use that as stop.

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures:

Copper is in consolidation and forming a bull flag. Gold is in the move up off the 1738 entry. Silver broke out on Friday to the upside.

Crude oil is at upside resistance. Natural gas has started a second leg up.

The US Treasury Bond is in consolidation and is setting up for another leg higher.

The US Dollar futures are in the move down but near the 200 day MA which could act as support.

__________________

S&P 500 Futures_

Monthly – Another new high. Trade pressures are up. Volumes closed the month of August as bullish. The next target up is 5027. A close below 3993 would confirm any weekly move lower.

Weekly – In the move up from the November 2020 long entry at 3524. Trade pressures are up. Volumes are bullish. The next target up is 4599. A close below 4283 would confirm any daily move lower.

Daily – In the move up from the November long entry at 3526. Trade pressures are up. Volumes are bullish. The next target up is 4594. A close below the trendline at 4405 would signal lower.

____________________

Navellier Top 5 Stocks – This Top 5 model portfolio begins the year at $100,000. Only the Top 5 Growth stocks will be tracked this 2021 year. This portfolio has been marked to the market and restarted at $100,000 for the 2021 year.

The portfolio stocks traded mixed and ended the week unchanged at approximately $153,000, up 53% for the 2021 YTD.  The portfolio had a brief touch of the $150,000 value in early March 2021, then a low of $100,000 a few weeks later, now above 50%.

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

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXZ21

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

Daily – In the move down from the 92.74 short entry. Trade pressures are down. Volumes are bullish.

The next target down is 91.29 and the 200 day MA.

A close above 92.27 would signal higher.

 

US 30YR T-BONDS_ USZ21

Weekly – In the July 2021 uptrend. Trade pressures are up. Volumes are now neutral.

Daily – Flat. In consolidation after the 165-18 high. Trade pressures are down. Volumes are bullish.

The next long entry is up at 164-20.

A close below 160–04 (the 200 day MA) would signal lower.

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLZ21

Weekly – In the Dec 2020 uptrend. Trade pressures are up into the neutral zone. volumes are bearish.

Daily  -Flat. Retracing the July move down. Trade pressures are up. Volumes are bullish.

The next target up is 69.83 which would start a new uptrend.

A close below 66.24 would signal lower.

 

NAT GAS_ NGZ21

Weekly – In the April 2020 uptrend. Trade pressures are up and trending. Volumes are bullish.

Daily – Flat. In the April rally from 3.00. Trade pressures are up. Volumes are bullish.

In the second leg up from the 4.29 new long entry. The next target up is 4.88.

A close below 4.64 would signal retracement.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGZ21

Weekly – In the June 2020 uptrend. Trade pressures are up into the neutral zone. Volumes are bearish.

Daily – Flat. Rising off the 200 day MA. Trade pressures are in the neutral zone. Volumes are neutral.

The next target up is 4.68 which would trigger a new move up.

Support is at the 4.09, the 200 day MA.

 

GOLD_ GCZ21

Weekly – Testing the May 2021 uptrend support. Trade pressures are up. Volumes are bullish.

Daily – Long. In the move up from the 1738 long entry. Trade pressures are up. Volumes are bullish.

The next target up is 1918.

Look for a backtest of the Friday breakout. A close below 1779 would signal a retracement lower.

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures:

Copper is now a new long. Gold and silver are in moves up, with Silver lagging.

Crude oil is at resistance. Natural Gas had aggressive resumption of the move up after breaking out of the retracement bull flag on Thursday and Friday.

The US 30 year Treasury is in retracement.

The US Dollar futures are also retracing.

_________________________

S&P 500 Futures_

Monthly – Another new high. Trade pressures are up Volumes closed the month of July as bullish. The next target up is 5027. A close below 3953 would confim any weekly move lower.

Weekly – Still in the November 2020 move up from 3524. Trade pressures are up. Volumes are bullish. The next target up is 4599. A close below 4244 would confirm any Daily move lower.

Daily – The constant flow of funds has kept price above the November trendline. Trade pressures are up but rolling over. volumes remain bullish. The next target up is 4584. A close below the trendline at 4389 would signal retracement.

____________________

Navellier Top 5 Stocks – This Top 5 model portfolio begins the year at $100,000. Only the Top 5 Growth stocks will be tracked this 2021 year. This portfolio has been marked to the market and restarted at $100,000 for the 2021 year.

The portfolio stocks traded up and ended the week at approximately $153,000, up 53% for the 2021 YTD.  The portfolio had a brief touch of the $150,000 value in early March 2021, then a low of $100,000 a few weeks later, now above 50%. Is 50% enough for the year?

Charles River Labs (CRL), Generac (GNRC) and Tempur-Sealy (TPX) will be replaced with BioNTech (BNTX), Extrage Space Storage (EXR) and Ternium (TX) at the open on Monday.

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

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXU21

Weekly – In the March 2021 uptrend. Trade pressures are up but near the neutral zone. volumes are now neutral going into the last week of August.

The next target up is 93.71.

Daily – Expected consolidation or retracement and now In the move down from the 92.76 short entry. Trade pressures are down. Volumes are bearish.

The next target  down is 91.377.

Still above the 200 day MA. A close above the 93.07 would signal higher.

 

US 30YR T-BOND_ USU21

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

Daily – Flat. in the larger move up from the 155-28 long entry in May 2021. Trade pressures are down but rising. Volumes are now neutral.

In a retracement down from 163-29. The next target down is 160-05.

The new long entry at 164-20.

 

 

Oil & Gas

rudeoilfutures #naturalgasfutures

CRUDE_ CLZ21

Weekly – In the August 2020 uptrend. Trade pressures are down but rising. Volumes are bullish.

Daily – Flat. The break above 64.10 started the retracement up. Trade pressures are up. Volumes are bullish.

The next target up is 69.83.

A close below 66.42 would signal lower. Use that as a stop.

 

NAT GAS_ NGZ21

Weekly – In the April 2020 uptrend. Trade pressures are up but declining. Volumes are bullish.

Daily –  Flat. In the move up from the break above the 4.12 long entry trigger. Trade pressures are up. Volumes are bullish.

The next target up is 4.66.

A close below 4.22 would signal lower.