#emini #spfutures #SP500 #ES

Market Summary:

Copper has re-entered the move down. Gold is retesting the 1836 high. Silver is in a short trade.

Crude oil is a new long but retracing. Natural gas is consolidating around the 6.72 target.

The US 30 year Treasury is at the upside target. Expect some retracement.

The US Dollar futures are at the downside target; looking higher.

___________________

S&P500 Futures_

Monthly – Higher closing highs and lower closing lows compared to the November month. Trade pressures are down but rising. Volumes closed the month of November as neutral. The next target down remains 3008. A close above 4169 would confirm any weekly move higher.

Weekly – In a retracement move down from the week ending 12/16 at 3981. Trade pressures are up. Volumes are now bearish. The next target down is 3758. A close above 4103 would confirm any daily move higher.

Daily – Short. In the new move down from the 3981 short entry. Trade pressures are down. Volumes are bearish. The next target down is 3758. Oversold levels are 50 pts lower. A close above 3998 would signal higher.

___________________

Navellier Top 5 Stocks – This Top 5 model portfolio begins each year at $100,000. The Top 5 Growth stocks are tracked throughout each year. This portfolio is marked to the market and is restarted at $100,000 for the 2022 year.

The portfolio stocks closed up 39% for the 2021 Year.

This week’s market closed down once again. The portfolio value moved up 1% to approximately $63,000. Again, the concentration in energy stocks following the crude futures. The Year-to-Date portfolio performance is now down 37%; a disaster compared to the energy ETF which is up 53% YTD.

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

#emini #spfutures #SP500 #ES

Market Summary:

Copper is at resistance levels. Gold and silver are showing some divergences in the move up.

Crude oil is oversold. Natural gas has trigger a new long entry.

The US 30 year treasury trade pressures are diverging at the upside targets.

The US Dollar futures are at oversold levels.

___________________

S&P 500 Futures_

Monthly – Retracing the prior month move up. Trade pressures are up into the neutral zone. Volumes closed the month of November as neutral. The next target down is 3008. A close above 4138 would confirm any weekly move higher.

Weekly – In the move up from 3705 at the October week ending 10/21. Trade pressures are up. Volumes are now neutral. The next target up is 4221. A close below 3942 would confirm any Daily move lower.

Daily – In the move up off the weekly 3705. Trade pressures are down. Volumes are neutral. The next target up is 4221. Overbought levels are 4034. A close below 3942 and the support levels at 3916 would signal lower. Oversold levels are 3813 and can be used as further targets.

___________________

Navellier Top 5 Stocks – This Top 5 model portfolio begins each year at $100,000. The Top 5 Growth stocks are tracked throughout each year. This portfolio is marked to the market and is restarted at $100,000 for the 2022 year.

The portfolio stocks closed up 39% for the 2021 Year.

This week’s market closed down. The portfolio value moved down 8% to approximately $62,000. Again, the concentration in energy stocks fell with the crude futures. The Year-to-Date portfolio performance is now down 38%. A serious underperformance of all the Indices; perhaps some style drift?

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

#emini #spfutures #SP500 #ES

Market Summary:

Copper in a move up to what appears to be a lower high at the 200 day MA. Gold in new long after the Thursday breakout. Silver has the same breakout. Don’t chase them.

Crude oil is looking lower. Natural gas is in a short.

The US 30 year Treasury is in the move up after a failed short.

The US Dollar futures are near oversold. Look for a bounce.

_______________

S&P 500 Futures_

Monthly – Retracing the summer move down. Trade pressures are up into the neutral zone. Volumes close the month of November as neutral. The next target down still is 3008. A close above 4138 would confirm any weekly move higher.

Weekly – In the move up from the 3674 long entry the week ending 10/21. Trade pressures are up. Volumes are bullish. The next target up is 4190. A clos e below 3897 would confirm any Daily move lower.

Daily – In the 10/25 uptrend. Trade pressures are in the neutral zone. Volumes are neutral. The next target up is the weekly 4190. A close below 3911 would signal lower. Up against the January downtrend line. The SPX is overbought at 4103, which is just below the 4110 close,  and the VIX is oversold below 19. While the upper time frames look bullish, a correction in the daily seems likely.

[12-5-22: 88 point range in a 86 point down day. A close below 3911 would signal lower. Need a break above 4075 to continue higher.]

___________________

Navellier Top 5 Stocks – This Top 5 model portfolio begins each year at $100,000. The Top 5 Growth stocks are tracked throughout each year. This portfolio is marked to the market and is restarted at $100,000 for the 2022 year.

The portfolio stocks closed up 39% for the 2021 Year.

This week’s market closed up. The portfolio value moved down 2% to approximately $70,000. The concentration in energy stocks fell with the crude futures. The Year-to-Date portfolio performance is now down 30%.

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

 

 

#emini #spfutures #SP500 #ES

Market Summary:

Copper is in range expansion. Gold is looking for a breakout to the upside. Silver is in consolidation.

Crude oil is near the lower targets. Natural gas is finding resistance at the 200 day MA.

The US 30 year Treasury is in the move up off the November lows.

The US Dollar futures are near support.

_____________________

S&P 500 Futures_

Monthly – Now above the prior month close. Trade pressures are down but rising. Volumes closed the month of October as bearish. The next target down is 3008. The next target up is 4138 and would confirm any weekly move higher.

Weekly – In the move up from 3674, the week ending 10-21. Trade pressures are up into the neutral zone. Volumes are bullish. The next target up is 4190. A close below 3851 would confirm any Daily move lower.

Daily – In the move up from the 10/18 long entry at 3674. Trade pressures are up. Volumes are bullish. The next target up is 4190. Resistance is at 4140. A close below 3851 would signal lower.

___________________

Navellier Top 5 Stocks – This Top 5 model portfolio begins each year at $100,000. The Top 5 Growth stocks are tracked throughout each year. This portfolio is marked to the market and is restarted at $100,000 for the 2022 year.

The portfolio stocks closed up 39% for the 2021 Year.

This week’s market closed down. The portfolio value moved up 1% to approximately $72,000. The energy stocks fell with the crude futures. The Year-to-Date portfolio performance is now down 28%.

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

#emini #spfutures #SP500 #ES

Market Summary:

Copper is in the move down. Gold is in a pullback after the 150 pt move up. Silver is in a short trade.

Crude oil is in a short trade. Natural gas is consolidating at over-sold levels.

The US 30 yr Treasury is in a steady move up, despite over sold 10 yr yields.

The US Dollar futures are oversold.

____________________

S&P 500 Futures_

Monthly – Still holding above prior month close. Trade pressures are down but rising. Volumes close the month of October as bearish. The next target down is 3008. A close above 4138 would confirm any weekly move higher.

Weekly – In the move up off the 3674 entry price for the week ending 10/21. Trade pressures are up into the neutral zone. Volumes are bullish. The next target up is 4190. A close below 3851 would confirm any daily move lower.

Daily – Flat. Forming a bull flag in these last four days. Trade pressures are up and still showing divergence. Volumes are bullish. The next target up is 4190. Overbought levels are now at 4013. a close below 3851 would signal lower. Oversold expectations are at 3669 and the next projected target down would be 3629.

___________________

Navellier Top 5 Stocks – This Top 5 model portfolio begins each year at $100,000. The Top 5 Growth stocks are tracked throughout each year. This portfolio is marked to the market and is restarted at $100,000 for the 2022 year.

The portfolio stocks closed up 39% for the 2021 Year.

This week’s market closed down. The portfolio value move down 5% to approximately $71,000. The energy stocks fell with the crude futures. The Year-to-Date portfolio performance is now down 29%.

At the open Monday, CF Industries (CF), Devon Industries (DVN), Petro Brazil (PBR), and Sociedad Quimica (SQM) will be replaced by Conoco Phillips (COP), Imperial Oil (IMO), Occidental Petroleum (OXY), and Valero Energy (VLO).

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

#emini #spfutures #SP500 #ES

Market Summary:

Copper is at overbought levels. Gold and silver near overbought levels.

Crude Oil is trying to rally with the equity markets. Natural gas attempted a breakout but failed.

The US 30 Year Treasury has broken our with the lower inflation report.

The US Dollar futures are selling hard, but below the current oversold levels.

____________________

S&P 500 Futures_

Monthly – Breaks above the prior month highs. Trade pressures are down. Volumes closed  the month of October as bearish. The next target down is 3008. A close above 4138 would confirm any weekly move higher.

Weekly – In the move up from the 3674 long entry on week ending 10/21. Trade pressures are rising to the neutral zone. Volumes are bullish. The next target up is 4190. A close below 3809 would confirm any daily move lower.

Daily – In the move up off the 3674 long entry on 10/18. The small bull flag was broken to the upside on 11/4. The inflation report triggered a follow thru to the upside on 11/10. Trade pressures are up, but showing some divergence as the market is overbought at the 3996 level. Volumes are bullish. The next target up is 4190. A close below 3810 would signal lower and oversold levels are much lower at 3643.

___________________

Navellier Top 5 Stocks – This Top 5 model portfolio begins each year at $100,000. The Top 5 Growth stocks are tracked throughout each year. This portfolio is marked to the market and is restarted at $100,000 for the 2022 year.

The portfolio stocks closed up 39% for the 2021 Year.

This week’s market closed up sharply. The portfolio value move up 1% to approximately $76,000. The energy stocks did not participate fully. The Year-to-Date portfolio performance is now down 24%.

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

#emini #spfutures #SP500 #ES

Market Summary:

Copper breaks to the upside. Gold and silver move up late in the week.

Crude oil is higher. Natural gas is basing with a new long entry nearby.

The US 30year treasury bond is a long entry, but not much follow thru.

The US Dollar futures are lower within the long move up.

_____________________

S&P 500 Futures_

Monthly – Trading between 3590 and 3880. Trade pressures are down. Volumes closed the month of October as bearish. The next target down is 3008. A close above 4138 would confirm any weekly move higher.

Weekly – In the move up from the 3674 long entry. Trade pressures are down but rising. volumes are bearish. The next target up is 3927. A close below 3729 would confirm any daily move lower.

Daily – In the move up from the 3664 long entry on 10-18. Now in a pullback from the upper median line resistance. Trade pressures are down. Volumes are bullish. The next target up is 3927. The 11/3 close below 3725 signaled lower but was quickly rejected the next day with a 100 pt move higher. However, a second move down thru this short trigger would signal lower.

___________________

Navellier Top 5 Stocks – This Top 5 model portfolio begins each year at $100,000. The Top 5 Growth stocks are tracked throughout each year. This portfolio is marked to the market and is restarted at $100,000 for the 2022 year.

The portfolio stocks closed up 39% for the 2021 Year.

This week’s market closed down. The portfolio value remained unchanged at approximately $75,000. The Year-to-Date portfolio performance is now down 25%.

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

#emini #spfutures #SP500 #ES

Market Summary:

Copper can’ t decide which way to break. Gold is testing a new long entry. Silver’s move down is erratic.

Crude oil is getting near an over bought level. Natural gas is near oversold.

The US 30 year Treasury is in a new long, but 10 year yields are near support.

The US Dollar futures are near oversold.

_______________________

S&P 500 Futures_

Monthly – A sizeable retracement up of the previous month move down is underway. Trade pressures are down. Volumes closed the prior month as bearish. The next target down is 3008. A close above 4138 would confirm any weekly move higher.

Weekly – In the move up from the 3674 entry on 10/21. Trade pressures are down but rising. Volumes are bullish but on very low volume. The next target up is 3927. A close below the 3502 low would confirm any daily move lower.

Daily – The Friday close above the upper median line signals higher. Trade pressures are up. Volumes are bullish. Mid week experienced more than a 100 S&P point down-move, which was reversed on Friday to close on the highs. The next target up is 3927. A close below 3698 would signal lower. FED reports on Wed.

___________________

Navellier Top 5 Stocks – This Top 5 model portfolio begins each year at $100,000. The Top 5 Growth stocks are tracked throughout each year. This portfolio is marked to the market and is restarted at $100,000 for the 2022 year.

The portfolio stocks closed up 39% for the 2021 Year.

This week’s market closed up. The portfolio value remained unchanged at approximately $76,000. The Year-to-Date portfolio performance is now down 24%.

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

#emini #spfutures #SP500 #ES

Market Summary:

Copper has rallied off the over-sold level. Gold is coming off over-sold. Silver is a new long on Friday.

Crude oil is looking for a decision higher or lower. Natural Gas is crashing after the break below the 200 day.

The US 30 year Treasury is near a 100% target down.

The US Dollar futures are looking still lower.

_________________

S&P 500 Futures_

Monthly – Consolidating at the downside target. Trade pressures are down. Volumes closed the month of September as bearish. The next target down is 3008. A close above 4138 would confirm any weekly move higher.

Weekly – In the new move up from the 3674 entry on 10/21. Trade pressures are down. Volumes are now neutral. The next target up is 3846. A close below the pivot low at 3502 would confirm any daily move lower.

Daily – Long. In the move up from the second entry thru the 3664 long entry level. Trade pressures are up. Volumes are bullish. The next target up is the 3819 recent pivot high. Take profits there. Price is now above the over-bot level at 3736, so use that level as the SL.

[10/24/22: Reached the 3819 upside Profit Target. Over-Bot level is 3787. Time to sell.]

___________________

Navellier Top 5 Stocks – This Top 5 model portfolio begins each year at $100,000. The Top 5 Growth stocks are tracked throughout each year. This portfolio is marked to the market and is restarted at $100,000 for the 2022 year.

The portfolio stocks closed up 39% for the 2021 Year.

This week’s market closed up, after the apparent bottom in the prior week, with a rally on Monday and a follow thru on Friday. The portfolio value rallied almost 10% to approximately $77,000. The Year-to-Date portfolio performance is now down 23%.

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

#emini #spfutures #SP500 #ES

Market Summary:

Copper is a new short, but with high volatility. Gold is a new short. Silver is at a profit taking level.

Crude is a short but very near the oversold level. Natural gas is basing.

The US 30 Year Treasury is down and near support.

The US Dollar futures are rising into near term resistance.

_____________________

S&P 500 Futures_

Monthly – Has broken down and is back into the long term channel starting in 2008. Trade pressures are down Volumes closed the month of September as bearish. The next target down is 3008. A close above 4138 would confirm any weekly move higher.

Weekly – The 3597 support line is being tested. Trade pressures are down. Volumes are bearish. The next target down is 3181. A close above 4136 would confirm any daily move higher.

Daily – Flat. In the move down from the 3637 short entry on 10/10. Trade pressures are down. Volumes are bearish. The short moved quickly to the oversold level and rebounded to touch the new long entry at 3664, but closed blow that entry level. The next target down is 3433. A close above the 3664 would signal higher.

[10/19/22: The long entry triggered at 3664 on 10/17. The next target up is the recent high pivot at 3819, then 3846 where resistance is expected. Raise SL to the BE at 3664.]

[10/20/22: stopped out in the after market session, for a BE.]

___________________

Navellier Top 5 Stocks – This Top 5 model portfolio begins each year at $100,000. The Top 5 Growth stocks are tracked throughout each year. This portfolio is marked to the market and is restarted at $100,000 for the 2022 year.

The portfolio stocks closed up 39% for the 2021 Year.

This week’s market closed with a retracement after a one day rally . The portfolio value dropped almost 6% to approximately $69,000. The Year-to-Date portfolio performance is now down 31%.

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