Author: ChasW

US$$

#usdollarfutures  #ustreasurybondfutures

USD_ DXZ20

Weekly – Remains in the 91 to 95 channel. Trade pressures are down. Volumes are bearish. the next weekly target down is 89.33.

Daily –  In the move down from the 92.62 short entry. Trade pressures are down but reversing. Volumes are bearish.

The next target down is 90.18.

A close above 93.29 would start a new uptrend.

 

US 30 YR T-BONDS_ USZ20

Weekly – Still in the Dec 2018 uptrend. Trade pressures are down. Volumes are neutral.

Daily – Flat. In the move up off the 169-16 low pivot. Trade pressures are up. Volumes are bullish.

The next target down is 165-18.

A close above the 200 day MA at 174-26 would signal higher. price is now 174-02; so watch for stimulus talks to drive this trade.

 

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM21

Weekly – Riding the 40 resistance since May. Trade pressures are up. Volumes are bullish.

Daily  – Long. New uptrend starts here at 42.47. Trade pressures are up. Volumes are bullish.

New long at 42.47. the next target up is 52.00

A close below 39.76 would signal lower and act as the stop.

 

NAT GAS_ NGM21

Weekly – Testing the uptrend support line at 2.69. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 3.27 short entry level. Trade pressures are down and trending. Volumes are bearish.

The next target down is 2.47.

A close above 2.91 would signal higher.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGZ20

Weekly – In the July uptrend. Trade pressures are up. Voloumes are bullish.

Daily – Flat. At the 3.29 target. Trade pressures are up. Volumes are bullish.

The next target up is 3.41.

A close below 3.04 would signal lower.

 

GOLD_ GCZ20

Weekly  – Remains in the July uptrend, but retracing. Trade pressures are neutral. Volujes are bearish.

Daily – Flat. Testing the 1835 downside target area and the 1848 prior lows. Trade pressures are down but reversing. Volumes are now neutral.

The next target down is that 1835 level.

[11-24-20: Breaks 1835. Next target down is now 1727.]

A close above 1937 would signal a new move up.

 

SILVER_ SIZ20

Weekly – In the May uptrend. Trade pressures are neutral. Volumes are bullish for the last three weeks.

Daily – Flat*. In the uptrend and sitting on the 23.17 support line. Trade pressures are down but reversing. Volumes are bearish.

The next target down is 22.43.

The 2 hour chart has signaled a new uptrend.  A close above 24.50 on the daily would signal a new move up.

*** Go long over the 24.37 level on the 2hour.  Alternatively look at long the swiss franc.

11-24-20: *long entry failed. The next target down is 21.54.

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is up with equities. Gold and silver dropped with the vaccine news – no more stimulus?

Crude oil and natural gas both moved up with the hope of renewed economic activity.

The US 30 yr Treasuries move down with the same hopes that the demand for money would bring rates up.

The US Dollar continues the long trend down.

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S&P 500 Futures_

Monthly – The move down was triggered this last month but now the new high has made that trigger moot. Trade pressures are up. Volumes closed the month of October as bullish. The next target down is 3061. The next target up is 3948 and would confirm any weekly move higher.

Weekly – A big retracement reversal of the move down. Trade pressures now down into the neutral zone.  Volumes are bullish. The next target up is the upper median line at 3642. The close above 3550 does confirm the daily move higher. A move below 3381 would confirm any daily move lower.

Daily – Flat. In the move up from the 3533 Nov 10th long entry. Trade pressures are up but declining. Volumes are bullish. In a retracement move down after the 3533 long entry. The next target down is 3433. A close below 3364 would confirm the move down.

Profit taking in the WFH (work from home) stocks continues.

________________________

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 Top 5 portfolio tech (ZM)  and medical stocks (QDEL) dropped hard with the vaccine news this last week. The portfolio stocks were down for the week and are now valued at approximately $109,000, up 9% for the YTD. This move up has absorbed the March-April 2020 down move of 32%.

The portfolio fundamentals continue to be important and have performed well in this reporting cycle.

 

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

US$$

#usdollarfutures  #ustreasurybondfutures

USD_ DXZ20

Weekly – Remains in the longer downtrend. Trade pressures are neutral. Volumes are bearish.

Daily – The short entry at 92.61 was triggered. Trade pressures are down. Volumes are bearish.

The next target down is 90.15.

A close above 94.08 is necessary to restart the move up.

 

US 30YR T-BOND_ USZ20

Weekly – Vaccine news dropped bond prices. Trade pressures are down. Volumes are neutral.

Daily – Flat. The 170-16 downside target was met. Trade pressures are up. Volumes are neutral.

The next target down is 165-17.

A close above 173-28 would signal a new move up.

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLZ20

Weekly – Vaccine hopes spur speculation. Trade pressures are up. Volumes are bullish.

Daily – Flat. In a retracement up after the 35.86 short entry was signaled. Trade pressures are down. Volumes are neutral.

The next target down is a retest of the short entry at 35.86.

A close above 42.17 would signal higher.

 

NAT GAS_ NGZ20

Weekly – Remains in the up trend. Trade pressures are down. Volumes are  neutral.

Daily – Flat. In a retracement move up, but weekly pressure is still down. Trade pressures are up. Volumes are neutral.

The next target up is 3.22.

A close below 2.87 would signal lower.

Metals

#copperfutures #goldfutures #silverfutures

HGZ20

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

Daily – Flat. In the move up form the 3.02 level. Trade pressures are up. Volumes are bullish. The next target up is 3.29.

A close below 2.98 would signal lower.

 

GOLD_ GCZ20

Weekly – Vaccine vs the stimulus? Trade pressures are neutral. Volumes are bullish.

Daily – Flat. Sharp reversal stops out the long trade at 1906. Trade pressures are up. Volumes are neutral.

The next target down was 1845 which was quiclyreached. The next target down is 1817.

A close above 1898 would signal a retracement move up.

 

SILVER_ SIZ20

Weekly – Same reaction as did gold. Trade pressures are neutral Volumes are bullish.

Daily – Flat. Any long entry has failed. Trade pressures are up. Volumes are neutral.

The next target down is 22.42.

A close above 26.05 is need to restart any long entry.

 

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper in a new move up. Gold and silver rallied all month expect some consolidation then higher.

Crude oil is a short. Natural gas also in a move down; expect some consolidation here.

The US 30YR Treasuries are trying to move higher but have run into resistance.

The US Dollar futures are in a new move down.

_________________________

S&P 500 Futures_

Monthly – The move down was triggered this last month. Trade pressures are up. Volumes closed the month of October as bullish. The next target down is 2979. The next target up is the prior high of 3576 and would confirm any weekly move higher..

Weekly – A big retracement in the new move down. Trade pressures are up but reversing down. Volumes are bullish. The next target down is 2970. A close above3550 would confirm any daily move higher.

Daily – Flat. In the move up. Trade pressures are up and extended. Volumes are bullish. The next target up is 3533. Expect consolidation and retracement here. A close below the 25×5 MA at 3417 would signal lower. Looking for a retracement of this post election move up.

[11-09-20: Wrong. Pfizer announcement triggers open economy trades.]

________________________

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 Top 5 portfolio stocks rallied into and beyond election day this last week. The portfolio stocks were up for the week and are now valued at approximately $129,000, up 29% for the YTD. This move up has absorbed the March-April 2020 down move of 32%.

The portfolio fundamentals continue to be important and have performed well in this reporting cycle.

 

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

US$$

#usdollarfutures  #ustreasurybondfutures

USD_ DXZ20

Weekly – Remains in the move down. Trade pressures are still in the neutral zone. Volumes are bearish.

Daily – Trade is reversed now with the close below 92.60. Trade pressures are down. Volumes are bearish.

The next target down is 90.18.

A close above 93.33 the 25×5 MA would signal higher once again.

 

US 30 YR T-BONDS_ USZ20

Weekly – Tested the uptrend support line and held. Trade pressures are down. Volumes are bullish.

Daily – Flat. Big post election rally as the money flows came back into the markets. Trade pressures are up but reversing. Volumes are neutral.

The next target up is the new long entry at 174-20.

The next target down is the 170-16 downside target.

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLZ20

Weekly- A weekly bullish bar. Trade pressures are down. Volumes are bullish.

Daily – Short. The new short entry at 35.05 (now 35.86 in the new contract) was high risk with the oversold condition. Trade pressures are now down once again. Volumes are neutral.

The next target down is the 35.86 short entry. May enter the short here 37.49.

A close above 39.49 would signal higher.

Set the stop at the the 25×5 MA at 39.49.

[11-09-20: stopped out.]

 

NAT GASD_ NGZ20

Weekly – Pullback in the uprend. Trade pressures are down into the neutral zone. Volumes are now neutral.

Daily- Flat. The close below the 3.17 started a new move down. Trade pressures are down. Volumes are bearish.

The next target down is the 2.87 target only a few ticks away, then 2.75.

Could have a retracement up to the 200 day MA at 3.09. A close above that 200 MA would signal higher.