Author: ChasW

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM21

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

Daily – Flat. In the move up from the 53 breakout in early Feb. Trade pressures are up but reversing. Volumes are bullish.

The next target  up is 62.96.

A close below 56.71 would signal lower.

 

NAT GAS_ NGH21

Weekly – Wintery blast covers the US. Trade pressures are up. Volumes are bullish.

Daily – Flat. In consolidation after reaching the 3.06 upside target. Trade pressures are in the neutral zone. Volumes are bullish, but mixed over the week.

The next target up is 3.45.

A close below 2.68 would signal lower.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HJGH21

Weekly – At new highs. Trade pressures are up but reversing. Volumes are bullish.

Daily – Flat. In the Feb move up from 3.62, following the equity markets.. Trade pressures are up. Volumes are bullish.

The next target up is the 3.81 target.

A close below 3.72 would signal lower.

 

GOLD_ GCJ21

Weekly – Still holding support. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the January move down from the 1884 short entry. Trade pressures are down. Volumes are now neutral.

The next target down is 1763.

A close above 1844 would signal higher.

Rising interest rates pressure the precious metals.

 

SILVER SIH21

Weekly – Remains in the May 2020 up trend. Trade pressures are up. Volumes are bullish.

Daily – Flat. Has completed the move down to the 26.08 target. Trade pressures are rising into the neutral zone. Volumes are bullish.

The next target down is 23.41.

A  close above 27.91 would signal higher.

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper rises with the equity markets. Gold an silver are in the move down.

Crude continues to rise after the break above 53. Natural gas stalled at the 200 day.

Treasuries continue the long, orderly move down.

The US Dollar futures are movi ng up off the 89.33 base.

_____________________

S&P 500 Futures_

Monthly – The new highs are continuing. Trade pressures are up. Volumes closed the month of January as bullish. The next target up is 3918. A close below 3420 would confirm any weekly move lower.

Weekly – Still in the move up from the 3550 long etry. Trade pressures are up, but showing divergence. Volumes are bullish. The next target up is 3925. A close below 3809 would confirm any daily move lower.

Daily – In the move up after the 3830 breakout. Trade pressures are up Volumes are bullish. The next target up is 3901.

Short term support is at 3838. A close below 3798 would signal lower.

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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 were up sharply for the second week with the continued rally in Novavax (NVAX), which has now more than doubled, and are now valued at approximately $143,000, up 43% for the 2021 YTD.  Again, an individual may be forgiven for taking profits here and waiting for the next correction, but SOM will hold.

 

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

 

US$$

#usdollarfutures  #ustreasurybondfutures

USD_ DXH21

Weekly – Coming up off the 89.33 downside target level. Trade pressures are up.

Daily – In the retracement up off the the long move down. Trade pressures are Volumes are bullish.

The next target bdow n is the 89.04.

the next target up in this retracement is 92.23.

A close below 90.19 would signal lower.

 

Us 30 YR T-BONDS_ USH21

Weekly – Continues the Dec move down. Trade pressures are down. Volumes are bearish.

Daily – Flat. At the 166-23 downside target. Trade pressures are down. Volumes are bearish.

The next target down is 165-21.

A close above 169-04 would signal higher.

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM21

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

Daily – Flat. In the Nov uptrend. Trade pressures are up. Volumes are bullish. The third leg up broke out at 52.71.

The next target up is 57.84.

A close below 54.18 would signal lower.

 

NAT GAS_ NGH21

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

Daily – Flat. Out of the breakout trade at a breakeven. Trade pressures are up. volumes are bearish.

The next target up is 3.00 at the 200 day MA.

A close below 2.68 would signal lower.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGH21

Weekly – Moving up with the equity markets. Trade pressures are up, but declining. Volumes are bullish.

Daily – Flat. Held support. Trade pressures are up. Volumes are bullish.

The next target up is 3.73, the prior high.

The support level is also the new short entry at 3.50.

 

GOLD_ GCJ21

Weekly – Testing support. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down form the 1884 short entry. Trade pressures are down. Volumes are bearish.

The next target down is 1763.

A close above 1870 would signal higher.

 

SILVER_ SIH21

Weekly – The Robinhood rally has faded. Trade pressures are still up. Volumes are bearish.

Daily – Flat. In the move down from the short entry at 29.27. Trade pressures are rising into the neutral zone. Volumes are neutral.

The next target down is 26.06.

A close above 27.91 would signal higher.

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is moving sideways. Gold continues to base. Silver is very close to a breakout to the upside.

Crude Oil is consolidating after the November move up. Natural gas may have a move up after the daily pressures reverse to up.

The US 30 year Treasuries are in a long slow move down, but look for a retracement.

The US Dollar futures are in a retracement move up.

_____________________

S&P 500 Futures_

Monthly – closed below the prior month’s high. Trade pressures are up. Volumes closed the month of January as bullish. The next target up is 3918. A close below 3391 would confirm any Weekly move lower.

Weekly – Closed below the three prior weekly lows. Trade pressures are up, but showing divergence. Volumes are still bullish. The next target up is 3871. A close below 3558 would confirm any Daily move lower.

Daily – Short. Closed below the 3767 level on Wednesday. Trade pressures are down. Volumes are bearish. The next target down is 3628. A close above 3799 would signal higher.

[2-1-21: Buy Stops @ 3767]

_____________________

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 were up sharply for the week with the rally in Novavax (NVAX) and are now valued at approximately $124,000, up 24% for the 2021 YTD (in the first 30 days.)  Again, an individual may be forgiven for taking profits here and waiting for the next correction, but SOM will hold.

Logitech (LOGI) will be replaced by Crowdstrike (CRWD) on Monday at the open.

 

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

US$$

#usdollarfutures  #ustreasurybondfutures

USD_ DXH21

Weekly – Consolidating at the 89.33 downside target. Trade pressures are rising into the neutral zone. Volumes are neutral.

Daily – Remains in the October 2020 downtrend. Trade pressures are up. Volumes are bullish.

The next target down is 89.04.

A close above 90.95 would start a new up trend.

 

US 30YR T-BOND_ USH21

Weekly – In the Dec 2020 downtrend. Trade pressures are down but rising. Volumes are bearish.

Daily – Flat. Also in the downtrend but from August 2020. Trade pressures are down. Volumes are bearish.

The next target down is 166-23.

A close above 170-13 would signal a retracement higher.

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM21

Weekly – In the Dec uptrend. Trade pressures are up. Volumes are neutral.

Daily – Flat. Moving side ways. Trade pressures are down. Volumes are bearish.

The next target  up is 53.44 the prior high.

A close below 54.11 would signal a new short entry.

[2-1-21: The post market close above 53.38 restarts the uptrend.]

 

NAT GAS_ NGH21

Weekly – Basing. Trade pressures are neutral. Volumes are bearish.

Daily – Flat. In the move down and now at the 2.45 downside target. Trade pressures are dwon. Volumes are bullish.

The next target  down is a retest of the 2.27 lows.

A close above 2.79 would start a new up trend.

[2-1-21: Long at 2.81. Stops at 2.45] [Raise the stops to 2.79]

[2-2-21: raise the stops to breakeven, 2.81.]

[2-3-21; stopped out at the breakeven.]

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGH21

Weekly – Remains in the April 2020 up trend. Trade pressures are up but reversing. Volumes are bullish.

Daily  -Flat. Sideways to down. Trade pressures are down but turning up. Volumes are bearish.

The next target up is the prior high.

A close below 3.50 would signal lower.

 

GOLD_ GCJ21

Weekly – Still in the April 2020 uptrend, but declining toward the 1771 support. Trade pressures are down but rising. Volumes are bearish.

Daily – Flat. Sitting on the 200 day MA. Trade pressures are up. Volumes are bearish.

The next target down is 1825.

A close above 1870 1875 would restart the move up.

 

SILVER_ SIH21

Weekly – In the May 2020 up trend. Trade pressures are down but rising. Volumes are bullish.

Daily – Flat. Testing the upper median line of the downward pitchfork. Trade pressures are up. Volumes are neutral.

A close above 27.11 starts the new move up. The next target up is 27.83.

A close below 24.04 signals lower.

[1-31-21: Long at the sunday nite open @ 28.42] [Set stops at 2842.]

[2-2-21: stopped out at break even in the overnight retracement.]