Author: ChasW

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is showing lower. Gold and silver are both in a retracement down after the big move up.

Crude oil is in a the flat sideways move. Natural gas made a big move up and si now in increasing daily ranges as it tries to find new direction.

The US 30 year Treasury is testing resistance after a move down.

The US Dollar futures are experiencing some short covering.

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S&P 500 Futures_

Monthly – New highs. Trade pressures are up. Volumes closed the month of July as bullish. The next target up is 3948. A close below 2928 would confirm any weekly move lower.

Weekly – In the move up. Trade pressures are up. Volumes are bullish. The next target up is 3485. A close below 3110 would confirm any daily move lower.

Daily – Flat. Moving up through old highs. Trade pressures are up but declining. Volumes remain bullish. The next target up is 3540. The stochastic indicators are all showing over bought. A close below 3306 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 2020 year.

The Top 5 portfolio stocks rallied with earnings reports during this last week. The portfolio stocks are up 5% for the week and valued at approximately $112,000, now up 12% for the YTD. The portfolio fundamentals continue to be important as the market narrows.

 

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

US$$

#usdollarfutures  #ustreasurybondfutures

USD_ DXU20

Weekly – In the downtrend. Trade pressures are down. Volumes are bullish.

Daily – At the 91.95 downside target and consolidating. Trade pressures are up. Volumes are bullish.

Need a move above 94.46 to confirm any new move up.

 

US 30YR T-BONDS_ USU20

Weekly – Still in the up trend. Trade pressures are down. Volumes are bearish.

Daily – Flat. In a retracement down after a move up. Trade pressures are up. Volumes are bullish.

The next target up is the prior high at 183-06.

A close below 177-06 would signal lower.

 

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLV20

Weekly – Still in the 40-43 range. Trade pressures are up but declining. Volumes are bullish.

Daily – Flat. In the move sideways. Trade pressures are down. Volumes are neutral.

The next target up is 44.07

The next target down is 35.05

 

Nat Gas_ NGU20

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

Daily – Flat. Starting to see the megaphone, higher highs and lower lows = indecision. Trade pressures are up but declining. Volumes are bullish.

The next target up is 2.70.

A close below 2.27 would signal lower.

 

Metals

#copperfutures #goldfutures #silverfutures

Weekly – In the uptrend. Trade pressures are up but reversing. Volumes are bearish.

Daily – Flat. Consolidating at the 2.99 target. Trade pressures are now down. Volumes are neutral.

The next target up is 3.02., the prior high.

A close below 2.80 would signal. lower.

 

GOLD_ GCZ20

Weekly – Consolidating after two weeks down. Trade pressures are up but reversing.. Volumes are neutral.

Daily – Flat. Still in the move down after a back test. Trade pressures are down. Volumes are neutral.

In the second leg down from the 1873 short entry. The next target down is 1891.

A close above 2012 would signal higher.

 

SILVER_ SIU20

Weekly – $8 dollar rally! But now in a retracement. Trade pressures are up. Volumes are now neutral.

Daily – Flat.  In the move down after a retracement. Trade pressures are down. Volumes are bearish.

The next target down is 22.50.

A close above 27.85 would signal a new move up.

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper follows the equity markets and is show some strength, but a failure would trigger a short. Gold and silver sold off hard but bounced right back.

Crude Oil is in the long side ways channel. Natural Gas is in a move up and looks higher still.

The US treasury Bonds are near a new short entry. Just be aware of the stimulus talks.

The US Dollar futures have sold off hard and are now oversold.

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S&P 500 Futures_

Monthly – Touched a new high intraday. Trade pressures are up. Volumes closed the month of July as Bullish. The next target up is 2289. A close below 2827 would confirm any weekly move lower.

Weekly – In the move up from the 2430 April long entry. Trade pressures are up. Volumes are bullish. The next target up is 3485. A close below 3096 would confirm any daily move lower.

Daily – In the move up from the 2835 May long entry. Trade pressures are up but reversing. Volumes are bullish.

The next target up is 3420.00.

A close below 3293 would signal a new move down.

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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 2020 year.

The Top 5 portfolio stocks sold off during this last week. The portfolio stocks are down 5% for the week and valued at approximately $107,000, now up 7% for the YTD. We exceeded the 13% gains from the first two months of 2020 early in the prior week; but couldn’t hold them into the week’s close. The portfolio fundamentals continue to be important as the market narrows.

 

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

US$$

#usdollarfutures  #ustreasurybondfutures

USD_ DXU20

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

Daily – At the 92.69 target and consolidating. Trade pressures are down. Volumes are bearish,

Price at the lower median line at 93. A failure here puts the 91.95 target in play.

A close above 96.89 would signal a retracement up in this downtrend.

 

US30 YR T-BOND_ USU20

Weekly – Remains in this very long uptrend. Trade pressures are now down. Volumes are bearish.

Daily – Flat. The move down is echoing the March move down. Trade pressures are down and very over-sold. Volumes are bearish.

Down makes sense as the economy is showing signs of improving. The next target down is the new short entry at 177-02.

But new stimulus measures flooding the system with new monies would put further downward pressure on rates. A close above 180-26 would signal higher.

 

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLU20

Weekly – Remains in the 40-43 channel. Trade pressures are up but reversing.

Daily – Flat. In the move up from the May 28.61 long entry. Trade pressures are down. Volumes are bullish.

Anticipating Saudi production cuts.The next target up is 44.07.

A close below 35.05 would signal lower.

 

NAT GAS_ NGU20

Weekly – First week in the new weekly uptrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the 1.74 long entry in June and the second leg up in July. Trade pressures are now up. Volumes are bullish.

The next target up is 2.70.

A close back below the 200 day MA would signal lower.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGU20

Weekly – In the uptrend. Trade pressures are up but reversing. Volumes are now bullish.

Daily – Flat. Closed on the day’s highs. Trade pressures are down.  Volumes are bearish.

The next target down is the new short entry at 2.76.

A close above 2.89 would signal higher.

 

GOLD_ GCZ20

Weekly – 2nd week down. Trade pressures are up but reversing. Volumes are bearish.

Daily – Flat. In the move down from the 2025 short entry and stopped out at the 1967 stop. Trade pressures are down but reversing. Volumes are neutral.

The next target down is 1835. The move down tested the 1910 uptrend resistance line but closed back above that resistance.

A close above 1982 would signal higher.

 

SILVER_ SIU20

Weekly – Almost a doji here at the highs. Trade pressures are up. Volumes are neutral.

Daily – Flat. The retracement went down to the July 31 breakout, then turned back up. Trade pressures are down but reversing to the upside. Volumes are neutral.

The next target down is 22.55.

A close above 27.80 would signal a new move up.

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in a retracement after the growth stocks sold off. Gold and silver had some profit taking also.

Crude oil rallied to the high end of the range. Nat gas is in a nice move up.

The US Treasuries are In a retracement after a move up.

The US dollar futures have a bullish weekly volume bar in the move down, but no reversal yet.

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S&P 500 Futures_

Monthly – Another monthly high is this recovery run up. Trade pressures are up. Volumes closed the month of July as bullish. The next target up is 3389. A close below 2927 would confirm any weekly move lower.

Weekly – Near the Q1 prior high at 3375. Trade pressures are up. Volumes are bullish. The next target up is 3485. A close below 3061 would confirm any daily move lower.

Daily – Still in the move up. Trade pressures are up. Volumes are bullish. the next target up is 3375. A close below 3276 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.

The Top 5 portfolio stocks rose with the market during this last week. The portfolio stocks are up 2% for the week and valued at approximately $112,000, now up 12% for the YTD. We exceeded the 13% gains from the first two months of 2020 early in the week; but couldn’t hold them into the week’s close. The portfolio fundamentals continue to be important as the market narrows.

 

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

US$$

#usdollarfutures  #ustreasurybondfutures

USD_ DXU20

Weekly – Volume reversal at these lows. Trade pressures are down. Volumes are bullish.

Daily – Consolidating around the 92.69 downside target. Trade pressures are down but rising. Volumes are bullish.

The next target down is 91.95.

A close above 94.73 would signal higher.

 

US 30YR T-BONDS_ USU30

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

Daily – Flat. In a retracement down inside the move up from the 174-18 long entry. Trade pressures are down into the neutral zone. Volumes are bearish.

The next target down is 177-02.

A close back above 180-22 would signal higher.