#emini #spfutures #SP500 #ES

Market Summary:

Copper failed to follow thru and was stopped out. Gold long was stopped at 1701. Silver is new short entry.

Crude oil is in the production cut rally. Natural gas continues the retracement.

The US Treasury Bond attempted a rally but the ten year note rally, after the unemployment report, has stopped that move.

The US Dollar futures have resumed the move up.

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S&P 500 Futures_

Monthly – Retracing the week’s move up. Trade pressures are down. Volumes closed the month of September as bearish. The next target down is 3008. A close above 4208 would confirm any weekly move higher.

Weekly – In the move down from the late August 4053 short entry. Trade pressures are down. Volumes are bearish. The next target down is 3181. A close above 4206 would confirm any daily move higher.

Daily – Flat. In the move up after the 3734 long entry on 10/4. Trade pressures are up into the neutral zone. Volumes are now bearish. The next target up is a revisit of the long entry at 3734 ( 3694 on the one hour charts). A close below 3637 would signal lower. 3552 is the oversold level.

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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 two day rally . The portfolio value increased almost 10% to approximately $75,000. The Year-to-Date portfolio performance is now down 25%.

On Monday, Cenovus Energy (CVE) and Occidental Petroleum (OXY) will be replaced by Petroleo Brasileiro (PBR) and Sociedad Quimica y Minera (SQM).

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

#emini #spfutures #SP500 #ES

Market Pressures:

Copper is in a new long trade. Gold has signaled a new move up. Silver is in consolidation.

Crude oil is in a new move up. Natural gas is consolidating at the 200 day MA.

The US 30 Year Treasury Bond continues the move lower, but is near a long entry.

The US  Dollar future is in retracement lower.

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S&P 500 Futures_

Monthly – Breaks the June lows. Trade pressures are down. volumes closed the mont of September as bearish. The next target down is 3008. A close above 4232 would confirm any weekly move higher.

Weekly – A the 3597 downside target. Trade pressures are down. Volumes are bearish. The next target down is 3181. A close above 3230 would confirm any daily move higher.

Daily – In the move down from the 9/13 short entry at 4070. Trade pressures are down. Volumes are bearish. The next target down is 3552. A  close above 3757 would signal higher.

[10/4/22: Long @ 3734. Take profits at 3916. SL @ BE, 3734.]
[10/5/22: Stopped out @3734.]

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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 on its lows. The portfolio value increased to approximately $65,000. The Year-to-Date portfolio performance is now down 35%.

On Monday, Cenovus Energy (CVE) and Occidental Petroleum (OXY) will be replaced by Petroleo Brasileiro (PBR) and Sociedad Quimica y Minera (SQM).

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

.#emini #spfutures #SP500 #ES

Market Pressures:

Every thing crashed. Copper is at the low end of the trading range. Gold is as well. But silver seems to have some support.

Crude oil is is a new weekly downtrend. Natural gas is in freefall, with a point value of $10,000 half pint swings are hard to trade.

The US 30 yr Treasury is down at targets and show some bullish volumes.

The US Dollar is controlling everything; but is now at the upper bound of the rising channel.

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S&P 500 Futures_

Monthly – down hard to test the June 2022 lows. Trade pressures are are down. Volumes closed the month of August as bearish. The next target down is 3695. A close above 4275 would confirm any weekly move up.

Weekly – In the move down from the4069 short entry on 8/26. Trade pressures are down. Volumes are bearish. The next target down is 3626. A close above 4330 would confirm any daily move higher.

Daily – Flat. In the move down from the 4070 short entry level on 9/13. Trade pressures are down. Volumes are bearish. The next target down is 3586. A close above 3822 would signal higher.

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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 hard despite a small short covering rally at the close. Again, the energy stocks in the portfolio  held it down to approximately $63,000. The Year-to-Date portfolio performance is now down 37%.

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

#emini #spfutures #SP500 #ES

Market Pressures:

Copper in a tight range, 3.30 to 3.70. Gold has sold down hard but is oversold. Silver has held up and is in an uptrend.

Crude oil is consolidating, but with a bias to the upside. Natural gas is down near oversold levels.

The US 30yr T-Bond continues lower.

The US Dollar future is testing resistance, shouldn’t move down til the interest rates stop going up.

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S&P Futures_

Monthly – Now below the last month’s low and targeting the June lows, Trade pressures are down. Volumes close the month of August as bearish. The next target down is 3695. A close above 4275 would confirm any weekly move higher.

Weekly – Weekly has broken down from the support line at 3900. Trade pressures are down into the neutral zone. Volumes are bearish. The next target down is 3746. A close above 4330 would confirm any Daily move higher.

Daily – Flat. In the move down from the 4070 short signal on 9/13. Trade pressures are down. Volumes are bearish. The next target down is 3734. 3825 is the oversold level. A close above 4015 would signal higher. 4044 is the overbot level.

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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 last week’s market closed with a small short covering rally. But the energy stocks in the portfolio held it down to approximately $71,000. The Year-to-Date portfolio performance is now down 29%.

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

#emini #spfutures #SP500 #ES

Market Pressures:

Copper now in a new long trade. Gold is in the new move up. Silver is near a new long entry.

Crude oil is now in a new long move. Natural gas is in the retracement down, but looking for a new long entry.

The US 30 year Treasury is in the move down, but near a new long entry.

As they say, It’s all about the dollar. The US Dollar futures are in a retracement  down from the 110 highs.

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S&P 500 Futures_

Monthly – Still in the move down. Trade pressures are down. Volumes closed the month of August as bearish. The next target down is 3695. A close above 4275 would confirm any weekly move higher.

Weekly – In the move up off the 3639 recent low pivot. Trade pressures are down into the neutral zone. Volumes are bearish. The next target up is 4988. A break below last weeks low of 3883 would confirm any daily move lower.

Daily – Long, in the new move up from the 4045 new long entry. Trade pressures are rising into the neutral zone. Volumes are now bullish. The next target up is 4227. A close below 4022 would signal a resumption of the move down.

____________________

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 last week’s market began to rally. But the energy stocks in the portfolio held it down to approximately $73,000. The Year-to-Date portfolio performance is now down 27%.

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

#emini #spfutures #SP500 #ES

Market Pressures:

Copper is in a short trade. Gold is basing short term, looking for a long entry. Silver looking for a new long.

Crude oil is short. Natural gas is short. Use tight stops as these are getting oversold.

The US 30 YR T-Bond is still short but stops have moved in closer.

The US Dollar futures are extended and vulnerable to a pullback. But int’l funds seem to continue the flow to the Dollar.

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S&P 500 Futures_

Monthly – In the move down off the 2021 highs. Trade pressure are down. Volumes closed the month of August as bearish. The next target down is 3695. A close above 4275 would confirm any weekly move higher.

Weekly – Three week correction from the June move up Trade pressures are down into the neutral zone. Vou es ar bearish. The next target down is 3589. A close above 4313 would confirm any Daily move higher.

Daily – Short in the move down from the 4093 short entry on 8/26. That trade was close at 3911 with oversold signals. Trade pressures are down. Volumes are bearish. The next target down is 3862. A close above 4001 would signal higher.

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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 last week’s market continued the move down. But the values moved down 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 Pressures:

Copper is overbought. Gold is oversold. Silver is trying to rally.

Crude oil is near a new long entry. Natural Gas is in retracement.

The US 30 year is a short trade.

The US Dollar futures are in a small retracement .

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S&P 500 Futures_

Monthly – tested both the May 2022 high and the new monthly long entry and failed. Trade pressures are down but rising. Volumes closed the Month of July as bearish. The next target down remains the 3008 level. A close above the 4275 level would confirm any weekly move higher.

Weekly – In the retracement up of the April move down. Trade pressures are up. Volumes are bearish. The next target down is the prior low at 3639. A close above 4313 would confirm any daily move higher.

Daily – Short. In the new move down from the 4093 short entry on 8/26, triggered by the Jackson Hole FED meeting. Trade pressures are down, but rising. Volumes are bearish. The next target down is 3832. A close above 4205 would signal higher. The market is currently oversold. This selloff was a very newsy event, which often is stabilized shortly thereafter.

[9-01-22: Oversold. Close short at 3911.]

Patience. It is summer and the week before labor day.

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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 last week’s market continued the move down with the Jackson Hole meeting news. But the values moved up to approximately $79,000. The Year-to-Date portfolio performance is now down 21%.

Quanta Svcs (PWR) and Sociedad de Quimica ( SQM) will be replaced by CF Industries (CF) and Occidental Petroleum (OXY) at the open on Monday.

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

#emini #spfutures #SP500 #ES

Market Pressures:

Copper is looking higher. Gold is a new short. Silver also a new short.

Crude Oil is testing a new short entry. Nat Gas is flat but looking for a pull back to re-enter the long.

The US 30 year Treasury is at support in the move down.

The US Dollar futures are in a new move up.

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S&P 500 Futures_

Monthly – touched the long entry confirmation price. Trade pressures are up into the neutral zone. Volumes closed the month of July as bearish. The next target down is 3008. A close above the 4275 level would confirm any weekly move higher.

Weekly -In the move up from the mid June low. Trade pressures are up into the neutral zone. Volumes are bullish. The next target down is 3589. The next target up is 4313 and would confirm any daily move higher.

Daily – Flat. Stopped out of the long trade. Trade pressures are up but declining. Volumes are bearish. The next target down is the new short entry at 4186. A close above 4274 would signal higher.

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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 last week portfolio value moved down as the averages met the 200 day MA. The value moved down to approximately $73,000. The Year-to-Date portfolio performance is now down 27%.

 

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

#emini #spfutures #SP500 #ES

Market Pressures:

Copper is at resistance levels. Gold and silver are both in rally mode but near some resistances.

Crude oil is in a move up. Natural gas is a new long.

The US 30yr Treasury is retracing the June move up.

The US Dollar futures are basing and look higher.

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S&P 500 Futures_

Monthly – Good follow thru of the retracement above the big June down bar. Trade pressures are rising into the neutral zone. Volumes closed the month of July as bearish. Now in the new move up from the the 4275 close. The next target up is the prior high at 4808. A close below 4119 would confirm any weekly move lower.

Weekly – Retracing the 2022 move down. Trade pressures are up into the neutral zone. Volumes are  bullish. The next target down is the 3589 retest. The next target up is the new weekly long entry at 4313 and would confirm any daily move higher.

Daily – Long. In the move up from the break above the June highs at 4176. Trade pressures are up. Volumes are bullish. The next target up is 4335. A close below 4264 would signal lower. Take profits at the 4335 target. SL at 4264.
[8-17-22: stopped out at the 4264 SL]

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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 last week portfolio value moved up sharply with commodity prices. The value moved up to approximately $74,000. The Year-to-Date portfolio performance is now down 26%.

 

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

#emini #spfutures #SP500 #ES

Market Pressures:

Copper is setting up for a new long entry. Gold and silver are consolidating; working off over bought pressures.

Crude oil is consolidating and appears oversold. Natural gas is consolidating after the short entry was triggered.

The US 30 year Treasury is looking lower.

The US Dollar futures are over sold.

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S&P 500 Futures_

Monthly – Moved up off the confluence of the 2008-2020 trendline and the 3695 downside target. Trade pressures are down but rising. Volumes closed the month of July as bearish. The next target down is a retest of 3695. A close above 4275 confirms any weekly move higher.

Weekly – In the move up off the 3639 low pivot. Trade pressures are down but rising to the neutral zone. Volumes are bullish. The next target down is the 3639 pivot. A close above 4313 would confirm any Daily move higher.

Daily – Flat. In the move up from the channel breakout on 7/20. Trade pressures are up. Volumes are bullish. The next target up is the May 32st pivot at 4204. Equity indices are overbought. A close below 4105 would signal lower.

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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 last week portfolio value moved down sharply with commodity prices. The value moved down to approximately $68,000. The Year-to-Date portfolio performance is now down 32%.

 

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