Author: ChasW

US$$

#usdollarfutures  #ustreasurybondfutures

USD_ DXM21

Weekly – Testing support of the March uptrend. Trade pressures are down. Volumes are bearish.

Daily – In the April move down. Trade pressures are down. Volumes are bearish.

At the February low pivot with multiple tests.

A break of the January low of 89.16 would signa new move lower.

 

US30YR T-BONDS_ USU21

Weekly – In the December downtrend. Trade pressures are in the neutral zone. Volumes are neutral.

Daily – Flat. In consolidation after the August 2020 move down. Trade pressures are up. Volumes are  bullish.

The next target up is 159-00.

A close below 155-00 projects a new down side target of 150-04.

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLN21

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

Daily – Flat. In a retracement down of this uptrend. Trade pressures are down but rising. Volumes are bullish.

The net target down is 60.37.

A close above 63.98 would signal higher.

 

NAT GAS_ NGN21

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

Daily – Flat. In the move down from the 3.05 200 day MA. Trade pressures are down. Volumes are bearish.

The next target down is 2.80.

A close above 3.05 would signal higher.

 

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGN21

Weekly – In the June 2020 uptrend. Trade pressures are up but flattening. Volumes are bearish.

Daily – Flat. In the move down and now at the 25×5 MA. Trade pressures are down hard. Volumes are bearish.

The next target down is 4.36.

A close above 4.64 would signal higher.

 

GOLD_ GCM21

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

Daily – Flat. Still in the April 15th move up. Trade pressures are up. Volumes are bullish.

The next target up is 1903.

A close below 1818 would signal lower.

 

SILVER_ SIN21

Weekly – In the July 2020 uptrend and side ways channel. Trade pressures are up. Volumes are bearish.

Daily – In the April move up. Trade pressures are down. Volumes are bearish.

The next target up is 29.59.

A close below 23.40 would signal lower.

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper coming off the rally with the equity markets. Gold stalling at the 200 day. Silver above the 200 day and at the 62% target.

Crude oil beginning a horizontal channel; consolidating. Natural gas pressing upwards on the 200 day MA.

The US 30 year Treasuries are in a slow retracement move up.

The US Dollar futures are holding at the 89-90 support.

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S&P 500 Futures_

Monthly – The March 2016 161% projection off the 2009 lows is now close to becoming a reality. Trade pressures are up. Volumes closed the month of April as bullish. The next target up is 4366. A close below 3770 would confirm any weekly move lower.

Weekly – Remains in the November 2020 move up from the 3550 long entry. Trade pressures are up. Volumes remain bullish. The next target up is 4638. A close below 3952 would confirm any daily move lower.

Daily – In the move up off the 3514 Sep long entry. Trade pressures are up. Volumes are now neutral. A retracement short entry was signaled at 4143, with a target of 4004. The 3-hour chart is in a retracement move up, off the three day daily move down. Watch for a retest of the prior highs. A failure would be significant.

_____________________

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 down this week and ended the week 8% lower at approximately $117,000, up 17% 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.

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

US$$

#usdollarfutures  #ustreasurybondfutures

Weekly – The March uptrend support is being tested. Trade pressures are down. Volumes are bearish.

Daily – Still in the April downtrend but the old low seems to be holding. Trade pressures are up but declining. Volumes are bearish.

The next target up is 90.90.

A close below 89.91 would restart the move down.

 

US 30YR T-BONDS_ USM21

Weekly – In the December 2020 downtrend. Trade pressures are up into the neutral zone. Volumes are now neutral.

Daily – Flat. In the move up from the April break of resistance at 158-13. Trade pressures are down but rising. Volumes are now neutral.

The next target up is the prior high at 160-15.

A close below 155-09 would signal a continuation lower.

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM21

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

Daily – Flat. A new retracement short entry at 64.67 inside the move up. Trade pressures are down but rising. Volumes are bearish.

The next target down is 61.36.

A close above 65.29 would restart the move up.

 

NAT GAS_ NGM21

Weekly – In the Dec 2020 downtrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. Stuck at the 200 day MA, 2.98. Trade pressures are up. Volumes are bullish.

The next target up is 3.06.

A close below 2.86 would signal lower.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGN21

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

Daily – Flat. In the move up from the 4.20 March long entry. Trade  pressures are now down in to the neutral zone. Volumes are bearish.

The next target up is 5.35.

A close below 4.36 would signal lower.

 

GOLD_ GCM21

Weekly – Testing the February downtrend resistance. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up off the 1724 March long entry. Trade pressures are down into the neutral zone. Volumes are bullish.

The next target up is 1871.

A close below 1820 would signal lower.

 

SILVER_ SIN21

Weekly – Still in the Mat 2020 uptrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the March 25.15 long entry. Trade pressures are down. Volumes remain bullish.

The next target up is 29.59.

A close below 26.33 would signal lower.

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

 

Copper has continue the rally towards 5.00. Gold and  silver continued the move higher.

Crude oil is retesting the March highs. Natural gas Is at the 200 day MA and looking to break above.

The US Treasury Bond is near a completion of the retracement move up.

The US Dollar futures are retesting the February lows.

______________________________

S&P 500 futures_

Monthly – This year long run is looking a bit steep. Trade pressures are up. Volumes closed the March month as bullish, the 10th month. The next target up is 4366. A close below 3764 would confirm any weekly move lower.

Weekly – In the move up from the October long entry at 3550. Trade pressures are up, volumes continue to be bullish albeit with lower volumes. The next target up is 4638. A close below 3946 would confirm any daily move lower.

Daily – Still in the move up from the September 3535 long entry. Trade pressures are up. Volumes are bullish. Price has broken above the upper channel boundary in a show of strength. The next target up is 4603. A close below 4142 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 down this week and ended the week 4% lower at approximately $125,000, up 25% 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 and now back to approximately $125,000.

 

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

 

US$$

#usdollarfutures  #ustreasurybondfutures

USD_ DXM21

Weekly – March triggered a new uptrend, but now a retest of the lows is imminent. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the April 92.96 short entry. Trade pressures are down. Volumes are bearish.

Unemployment numbers sent the price down below the 90.34 down side target.

Need a move above 90.43 to stop this move down.

 

US 30YR T-BONDS_ USM21

Weekly – In the December 2020 downtrend. Trade pressures are rising into the neutral zone. Volumes are bullish.

Daily – Flat. In the retracement move up from the March 154-13 long entry. Trade pressures are up. Volumes are now bearish.

The next target up is 160-30.

A close below 157-21 would signal lower.

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM21

Weekly – The October 2018-2020 trendline is holding as support. Trade pressures have turned back up. Volumes are bullish.

Daily – Flat. In the April move up. trade pressures are now down. Volumes are now neutral.

In a two day pullback, if  price breaks above 65.32 then the next target up is the  prior high of 66.76.

A close below the new short trigger at 64.00 would signal lower.

 

NAT GAS_ NGM21

Weekly – Testing the Dec 2020 Downtrend resistance a t 3.12. Trade pressures are up. Volum es are bullish.

Daily – Flat. In the uptrend from the April long entry art 2.78. Trade pressures are now down into the neutral zone. Volumes are bullish.

The next target up is 3.08.

A close below 2.79 would signal lower.