Author: ChasW

US$$

#usdollarfutures  #ustreasurybondfutures

USD_ DXH21

Weekly – Now at the 89.33 downside target. Trade pressures are down but showing some reversal. Volumes remain bearish.

Daily – Could see some retracement up here. Trade pressures are up sharply. Volumes are bullish.

In a new move up from the 89.93 long entry. The next target up is 91.06.

The next target down is 89.045.

 

US 30YR T-BOND_ USH21

Weekly – Still in the August 2020 downtrend. Turned down hard. Trade pressures are down. Volumes are bearish.

Daily – Flat. Broke down thru the 171-22 target level. Trade pressures are down. Volumes are bearish.

The next target down is 166-23.

A close above 172-08 would signal higher.

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 November long entry at 40-59. Trade pressures are up and extended. Volumes are bullish.

The next target up is 52.77.

Now in backwardation. A close below 45.44 would signal lower. The 2hr support is at 48.54.

 

NAT GAS_ NGH21

Weekly – Re entered the two year down trend in December 2020. Trade pressures are rising into the neutral zone. Volumes are neutral.

Daily – Flat. In the retracement move up from 2.52. Trade pressures are up but reversing. Volumes are bullish.

The next target up is 2.79.

A close below 2.53 would signal lower.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGH21

Weekly – Remains in the June 2020 uptrend. Trade pressures are up but extended. Volumes are bullish.

Daily – Flat. Well into the move up from the 3.04 August entry. Trade pressures are up but reversing. Volumes are bearish.\The next target up is 3.81.

A close below 3.48 would signal lower.

 

GOLD_ GCG21

Weekly – Testing the support for the long July uptrend at 1767. Trade pressures are up but reversing. Volumes are bearish.

Daily – Flat. The new long entry has been triggered at 1914. Trade pressures are down. Volumes are bearish.

So no entry until both weekly and the daily trade pressures align. Need a close above the 200 day MA at 1858.

The next target down is the prior low of 1767.

 

SILVER_ SIH21

Weekly – Remains in the May 2020 uptrend. Trade pressures are up but reversing. Volumes are bearish.

Daily – In the new move down from the 26.13 short entry. Trade pressures are down hard. Volumes are bearish for the last three days.

The next target down is 23.90 then 22.93.

A close above 25.86 would restart the move up.

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper in consolidation off the highs. Gold is rising off the recent lows. Silver is about to signal a new long.

Crude oil looking higher. Nat Gas is still showing lower highs; needs to break the downtrend resistance.

The US 30 year Treasury is in the December 2020 downtrend.

The US Dollar futures grind lower, but had a late day rally as the year closes out.

______________________

S&P 500 Futures_

Monthly – Closed on the highs for the year. Trade pressures are up. Volumes closed the month as bullish. The next target up is 3918. A close below 3245 would confirm any weekly move lower.

Weekly – In the move up from the 3550 new long entry. Trade pressures are up. Volumes are neutral. The next target up is 3871. A close below 3462 would confirm any daily move lower.

Daily – Flat. In the move up from the 3533 long entry. Trade pressures are up and trending. Volumes are bullish. The next target up is 3909. A close below 3632 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 2020 year. This portfolio will be marked to the market and restarted at $100,000 for the 2021 year.

The portfolio stocks were down for the week and are now valued at approximately $108,000, up 8% for the 2020 YTD. The March-April 2020 down move of 32% has been completely reversed. There was an opportunity to take a 25% gain in the summer, but that faded into the year end.

The Zoom holding accounts for most of the recent move in the portfolio, both up and down.

 

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

US$$

#usdollarfutures  #ustreasurybondfutures

USD_ DXH21

Weekly – Near the 89.33 downside target. Trade pressures are down and trending. Volumes are bearish.

Daily – In the October move down. Trade pressures are down but reversing. Volumes are bearish.

The next target down is 89.04.

A close above 91.70 would start a new move up.

 

US 30YR T-BONDS_ USH21

Weekly – In the downtrend from 12/04/20. Trade pressures are down. Volumes are bearish.

Daily – Flat. Below the 200 day MA. Trade pressures are up and extended. Volumes are bullish.

The next target down is 171-22.  Watch for the daily trade pressure reversal to synch with the weekly.

A close above 175-03 would signal higher.

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM21 (June)

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

Daily  – Flat. In the retracement/consolidation between the 47.16 short entry and the prior high at 49.49. Trade pressures are up. Volumes are neutral.

The next target down is the short entry at 47.16.

A close above the 48.76 lower time frame resistance (2hr) would signal higher.

 

NAT GAS_ NGH21

Weekly – Lower highs since August. Trade pressures are down but rising. Volumes are neutral.

Daily – Flat. At the 2.47 target and consolidating. Trade pressures are up. Volumes are bearish.

The next target down is 1.83.

A close above 2.52 would signal a retracement move higher.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGH21

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

Daily  – Flat. In the move up from the August long entry at 3.04. Trade pressures are down. Volumes are bearish.

In consolidation. the next retracement target down is 3.14.

A close above 3.59 would signal a new move up.

 

GOLD_ GCG21

Weekly – In the long retracement since August in the uptrend. Trade pressures are up. Volumes are bearish.

Daily – Flat. In the new up trend off the 1767 low pivot. Trade pressures are up. Volumes are bullish.

The next target up is the new long entry at 1914.

A close below 1854. would resume the move down.

 

SILVER_ SIH21

Weekly – Had the same retracement that gold experienced. But now trade pressures are up. Volumes are bullish.

Daily – Flat. Testing the new long entry at 26.53. Trade pressures are up. Volumes are bullish.

Looking for the close above 26.52.

A close below the 25.64 level would signal lower.

 

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper sells off the highs. Gold weekly and daily pressures are now up. Silver is back-testing the breakout.

Crude oil is in consolidation. Natural gas is retesting the prior lows.

The US 30 year Treasury Bond is making lower highs in a narrow range.

The US Dollar futures are trying to move higher.

________________________

S&P 500 Futures_

Monthly – Again, new monthly highs. Trade pressures are up. Volumes closed the month of November as bullish. The next target up is 3918. A close below 3370 would confirm any weekly move lower.

Weekly – The move up is now confirmed by the trade pressures turning up. Volumes are bullish. The next target up is 3925. A close below 3419 would confirm any daily move lower.

Daily – Flat. Hard to trade the holidays. Trade pressures are up. Volumes are neutral on light volume. The next target up is 3909. Resistance is at the 3717. A close below 3609 would signal a  new downtrend.

________________________

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 2020 year.

The portfolio stocks were neutral for the week and are remain valued at approximately $116,000, up 16% for the YTD. The March-April 2020 down move of 32% has been completely reversed.

The Zoom holding accounts for most of the recent move in the portfolio.

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

US$$

#usdollarfutures  #ustreasurybondfutures

USD_ DXH21

Weekly – In the July downtrend. Trade pressures are down. Volumes are bearish.

Daily – In the downtrend from early November. Trade pressures are down into the neutral zone. Volumes are neutral.

The next target down is 89.09.

A close above 90.40 would signal higher.

 

US 30YR T-BONDS_ USH21

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

Daily – Flat. In the August downtrend. Trade pressures are down. Volumes are neutral.

The next target down is 171-22.

A close above 175-03 would signal higher.

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM21 (JUNE contract)

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

Daily – Flat. In the retracement move lower from the 47.23 short entry. Trade pressures are rising into the neutral zone. Volumes are neutral.

The next target down is 44.83.

A close above the high pivot at 49.49 would signal higher.

 

NAT GAS_ NGH21

Weekly – In the November downtrend. Trade pressures are down but rising. Volumes are neutral.

Daily – Flat. Retracing inside the up move. Trade pressures are down. Volumes are bearish.

The next target down is 2.42.

A close above 2.55 would restart the move up.