Author: ChasW

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXU21

Weekly – 4 week move up off the support at 89.28. Trade pressures are up. Volumes are bullish.

Daily – The two day back test is just shy of triggering a new short entry at 91.58. Trade pressures are down. Volumes are bearish.

The next target down is the short entry at 91.58.

 

US 30 YR T-BOND_ USU21

Weekly – Trade up through the downtrend resistance, now a new uptrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. The prior long  trade was stopped out early for a small gain. At the 200 day MA and showing consolidation and possible retracement. Trade pressures are up but declining. Volumes are now neutral.

The next target down is 157-31.

A close above 163 -06 would signal a resumption of the move up.

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLQ21

Weekly – Remains in the move up off the breakout of the 64.28 level. Trade pressures are up. Volumes remain  bullish.

Daily –  Flat. In the move up from the 72.05 level. Trade pressures are up. Volu mes are neutral.

The next target up is 75.77.

A close below 70.21 would signal a change in trend to down.

 

NAT GAS_ NGQ21

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

Daily – Short. In a retracement move down form the 3.62 level. Trade pressures are down. Volumes are now neutral.

The next target  down is 3.40.

A close above 3.80 would signal a new breakout to the upside.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGU21

Weekly – Rising off the support levels. Trade pressures are down but rising. Volumes remain bearish.

Daily – Long. Weekly is rising and the daily long entry is triggered at 4.33. Trade pressures are up into the neutral zone. Volumes are bullish.

The next target up is 4.60.

A close below 4.24 would signal lower.

 

GOLD_ GCQ21

Weekly – Has tested the weekly support. Trade pressures are up into the neutral zone. Volumes are neutral.

Daily – Flat. Moving up off the March trendline. Trade pressures are up. Volumes are bullish.

The next target up is the long entry at 1810.

A close below 1779 would signal a new move lower.

 

SILVER_ SIU21

Weekly – The long channel to the right remains the trend. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move side ways along the 200 day MA.  Trade pressures are down. Volumes are bearish.

The next target down is the prior low at 23.78.

A close above 26.96 would start a new move up.

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is looking lower. Gold is pressing on a new short entry. Sliver is also reaching a decision point in this next week.

Crude oIl is grinding higher. Natural gas sharp rise is looking for a correction.

The US Treasury bonds are in a new move up.

The US Dollar futures are approaching some resistance to this move up.

____________________

S&P 500 Futures _

Monthly – Reached the 4347 target projected from March of 2016. Trade pressures are up. Volumes closed the month of June as bullish and for 12  months in a row. The next target up is 5027 project off the March 2020 lows. A close below 3878 would confirm any weekly move lower.

Weekly – In the move up from the November 2020 3524 long entry. Trade pressures are up. Volumes remain bullish. The next target up is 4599. A close below 4081 would confirm any Daily mover lower.

Daily – Flat. In the move up from the June 4152 long entry. Trade pressures are up and trending. Volumes are bullish. The next target up is 4594. A close below 4257 would signal a retracement of some of the is move, perhaps back to the 200 day MA at 3819.

____________________

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 lower and ended the week at approximately $135,000, up 35% 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 grinding higher once again.

Restoration Hardware (RH) and NIO Inc. (NIO) were replaced by Johnson Controls (JCI) and Generac (GNRC) as of Monday’s open.

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

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXU21

Weekly – Three weeks of a retracement up. Trade pressures are up. Volumes are bullish.

Daily – This move up is still a retracement inside the larger move down until the prior high of 93.47 is broken. Trade pressures are up. Volumes are now bearish.

The next target up is that 93.47 prior high.

A close below 92.00 would signal lower once again.

 

US 30YR T-BOND_ USU21

Weekly – Pressing hard up against the downtrend resistance. Trade pressures are up. Volumes remain bullish.

Daily – Long. In the move up from the 6/28 159-31 long entry. Trade pressures are up. Volumes are bullish.

The next target up is the 200 day MA at 163-02. Take profits at that level.

A close below the 159-27 level would signal lower and stop the trade.

[07-05-21: Raise the stop to 160-20.]

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLQ21

Weekly – Continues the slow move upward. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the 5/21 move up from 65.00. Trade pressures are up. Volumes are bullish.

The next target up is 76.22, the prior high.

A close below 71.16 would signal lower.

 

NAT GAS_ NGU21

Weekly – June new uptrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the break above the 200 day MA at 3.02. Trade pressures are up, but rolling over. Volumes are now neutral.

The next target up is 4.31.

A close below the 3.60 level nearby should retrace the immediate gains.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGU21

Weekly – In the June 2020 uptrend. Trade pressures are down. Volumes remain bearish.

Daily – F lat. In the move down from the 5/14 short entry at 4.65. Trade pressures are in the neutral zone. Volumes are bearish.

The next target down is 3.90.

A close above 4.33 restarts the move up.

 

GOLD_ GCQ21

Weekly – Testing the support of the May uptrend. Trade pressures are down. Volumes are neutral.

Daily – Flat. In the 6/16 downtrend. Trade pressures are now up. Volumes remain bearish.

The next target down is 1738.

A close above 1825 would start a new uptrend.

 

SILVER_ SIU21

Weekly – In the May 2020 uptrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the long consolidation sideways. Trade pressures are up. Volumes are now neutral.

The next target down is 24.82.

Need a close above 27.09 to get a new move up.

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in a water fall down to the 3.96 target. Gold looks to test the March lows. Silver is sitting on the 200 Day MA: failure sends it lower.

Crude oil remains in the steady move up. Nat Gas is up from the April lows.

The US Treasury Bond is in a move up.

The US Dollar futures are at the 61% target, expect consolidation.

______________________

S&P 500 Futures_

Monthly – Another new high. Trade pressures are up. Volumes closed the Month of May as bullish. The next target up is 4347. A close below 3822 would confirm any weekly move lower.

Weekly – Remains in the November move up from the 3525 entry level. Trade pressures are up. Volumes are bullish after a bearish last week. The next target up is 4599. A close below 4025 would confirm any daily move lower.

Daily – Never got any reversal of the trade pressures. Price took out the high of the down bar in just two days. Trade pressures are up and trending once again. Volumes are bullish. The next target up is 4594. A close below 4201 should trigger some retracement and consolidation.

____________________

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 into the weekend and started the next week at approximately $138,000, up 38% 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 grinding higher once again.

Restoration Hardware (RH) and NIO Inc. (NIO) were replaced by Johnson Controls (JCI) and Generac (GNRC) as of Monday’s open.

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

 

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXU21

Weekly – Two week bounce of the 89.00 lows. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the 6/16 90.53 long entry. Trade pressures are up after a move down to neutral. Volumes are bullish.

The next target up is 93.47, the prior high.

A close below 91.40 would signal lower.

 

US 30YR T-BONDS_ USU21

Weekly – Remains in the Dec 2020 downtrend testing resistance at 162-20. Trade pressures are up. Volumes are bullish.

Daily – Long from the 159-31 long entry on 6/28. Trade pressures are up into the neutral zone. Volumes are bearish.

The next target up is 161-14.

A close below 157-11 would signal lower.

[6-30-21: Set the sell stop at the entry price.]

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLQ21

Weekly – Moving higher each week in this Dec 2020 uptrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the 5/5 new long entry at 65.04. Trade pressures are up but turning down. Volumes are bullish.

The next target up is 77.96.

The next target down is 71.76, the new short entry.

 

NAT GAS_  NGQ21

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

Daily – Flat. The 4/19 long entry at 2.85 has met the 100% target at 3.67. Trade pressures are up. Volumes are bearish on the spike to 3.80.

The next target up is that same 3.67.

A close below 3.61 would signal lower.