#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.

___________________

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]

____________________

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.

____________________

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.

____________________

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.]

#emini #spfutures #SP500 #ES

Market Pressures:

Copper is long in a retracement of the June move down. Both gold and silver are new longs, but watch the dollar.

Crude oil is in a new long after the retracement down. Natural gas is in a new short.

The US 30 year Treasury bond is long and in the second leg of the move up.

The US Dollar futures are consolidating after reaching a weekly target.

______________________

S&P Futures_

Monthly – Building a railroad track, a breakout of the prior month high at 4191 would be significant. Trade pressures are down. Volumes closed the month of June as bearish. The next target down is 3008. A close above 4275 would confirm any weekly move higher.

Weekly – The 3589 support level has held for the time being. Trade pressures are down but rising. Volumes are bullish. The next target down remains the 3589 level. A close above 4313 would confirm any daily move higher.

Daily – Long. The prior trade from 3818 was stopped out at BE 3818 SL. Trade pressures are up. Volumes are bullish. A new long entry was at the 7/20 trend line breakout @3938. 4098 is the new SL. OverBot – Take profits at the 4178 upside target.
[8-1-22: Stopped out at the 4098 SL.]

____________________

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 was up and the value moved up to approximately $74,000. The Year-to-Date portfolio performance is now down 26%.

Continental Resources (CLR), Conoco Phillips (COP) and Targa Resources (TRGP) will be replaced with Cenovus Energy (CVE). Quanta Services (PWR) and Sociedad Quimica y Minera (SQM) at the Monday open.

[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 and silver are searching for lows.

Crude is in a new move up. Natural gas is also moving higher.

The US 30 year Treasuries have stopped out of the long trade.

The US Dollar futures have reached a target and look to be consolidating.

____________________

S&P 500 Futures_

Monthly – In the move down form the 4545 short entry. Trade pressures are down. Volumes closed the month of June as bearish. The next target down is 3008. A close above 4275 would confirm any weekly move higher.

Weekly – At the the 3589 downside target. Trade pressures are down. Volumes are neutral. The next target  down is 2840. A close above 4213 would confirm any daily move higher.

Daily – Long in the move up from the 3818 entry. Trade pressures are up. Volumes are bullish. The next target up is 3969. A close below 3885 would signal lower and is the SL.

____________________

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 was down again and the value moved down to approximately $66,000. The Year-to-Date portfolio performance is now down 34%.

(The Navellier Top 5 Portfolio is all energy. I might not do that, Perhaps add some Gold and the US Dollar ETF to offset the risk. But When this market turns, it is going to chase fundamentals and cashflow and the TOP 5 is that.)

 

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

 

#emini #spfutures #SP500 #ES

Market Pressures:

Copper is the move down. Gold and silver both came down with all metals, but setting up for a reversal to the upside.

Crude oil continues the range trade between 109 and 100. Natural gas is in the down-move but perhaps near the end.

The US 30 year Treasury is making a new move up.

The US Dollar futures are approaching new highs.

___________________

S&P 500 Futures_

Monthly – Starting the month of July off the 2008-2020 trendline support. Trade pressures are down. Volumes closed the month of June  as bearish. The next target down is 3008. A close above 4275 would confirm any weekly move higher.

Weekly – In the move down from the 4507 short entry. Trade pressures are down. Volumes are neutral. The next target down is 3581. A close above 4313 would confirm any Daily move higher.

Daily – Flat. In consolidation after the touch and rebound off the lower channel line. Trade pressures are down. Volumes are now neutral for the July 4th weekend. The next target down is 3373. The hourly chart has signaled long at 3819 with resistance at 3896 and support at 3750.

____________________

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 was down again and the value moved down to approximately $68,000. The Year-to-Date portfolio performance is now down 32%.

(The Navellier Top 5 Portfolio is all energy. I might not do that, Perhaps add some Gold and the US Dollar ETF to offset the risk. But When this market turns, it is going to chase fundamentals and cashflow and the TOP 5 is that.)

 

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

#emini #spfutures #SP500 #ES

Market Pressures:

Copper is in the crash mode. Gold and silver are now looking lower as all commodities sell off.

Crude oil is bouncing off the lower channel boundary. Nat Gas is very near the lower end of its range also.

The ten year yield is up against highs, so the US 30 year Treasury is in rally mode.

The US Dollar futures are consolidating after the 105.58 highs.

______________________

S&P 500 Futures_

Monthly – The move down tested the old upper channel trendline from the 2008-2020 highs. Trade pressures are down. Volumes closed the month of May as bullish. The next target down is 3008. A close above 4275 would confirm any weekly move higher.

Weekly – The 3589 low has held. Trade pressures are down. Volumes are bullish. The next target down is a retest of the lows at 3589. A close above 4315 would confirm any Daily move higher.

Daily – Long in the  move up from the 3765 long entry on June 23rd. Trade pressures are down but rising. Volumes are bullish. The next target up is 3969. A close below 3849 would signal lower. use that as the SL.

[6-27-22: Sell the long at the 3920 level. Short the move down at the 3869 level.]

____________________

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 was down again and the value moved down to approximately $69,000. The Year-to-Date portfolio performance is now down 31%.

PetroBras (PBR) will be replaced by Continental Resources (CRL) on Monday morning at the open.

 

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

 

#emini #spfutures #SP500 #ES

Market Pressures:

Copper is down with targets in the mid 3.60’s. Gold and silver are near long entries but need weekly confirmation.

Crude oil is retracing the move up. Natural gas is near downside target. Take profits soon in both.

The US 30 Year Treasury is setting up for a new move up.

The US Dollar futures are starting a consolidation in the 102-105 range. Trade the ranges.

______________________

S&P 500 Futures_

Monthly – In the move down from the 4545 short entry. Trade pressures are down. Volumes closed the month of May as bullish. The next target down is 3008. A close above 4275 would confirm any weekly move higher.

Weekly – In the move down from the 4498 short entry. Trade pressures are down hard. Volumes are bearish. The next target down is 3589. A close above 4275 would confirm any Daily move higher.

Daily – Short. In the move down from the 3997 short entry on June 10th. Trade pressures are down. Volumes are bearish. The next target down is 3373. A close above 3765 would signal a new move up.

____________________

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 was down again and the value moved down sharply to approximately $70,000. 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 Pressures:

Copper is pulling back to the 25×5 MA. Gold and silver rallied on the inflation print.

Crude oil is at new highs. Natural gas retraced half of the drop to 8 dollars.

The US Treasury Bond is below the prior long entry, so looking for a move back up and thru.

The US Dollar futures are resuming the move up.

____________________

S&P 500 Futures_

Monthly – In the move down from the January 2022 sell off. Trade pressures are down. Volumes closed the  month of May as bullish. The next target down is 3695. A close above 4444 would confirm any weekly move higher.

Weekly – In the second leg of the move down from the 4464 short entry on April 15th. Trade pressures are down. Volumes are bearish. The next target down is 3487. A close above 4484 would confirm any daily move higher.

Daily – Failed at the upper channel line at the 4200 levels then down hard. Trade pressures are down into the neutral zone. Volumes are bearish. The next target down is the 3807 prior lows. A close above the Friday’s high of 4030 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 last week was down sharply and the value moved don to approximately $86,000. The Year-to-Date portfolio performance is now down 14%.

 

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

#emini #spfutures #SP500 #ES

Market Pressures:

Copper is consolidating after the move up. Gold and silver are back testing the old long entry levels.

Crude oil is breaking out of the upward sloping channel. Natural gas is correcting after the long move up.

The US 30 Year Treasury is ready for a new move up.

The US Dollar futures are still in a retracement down, but a break above 102.50 should start a new move up.

____________________

S&P 500 Futures_

Monthly – In the move down to the 3695 downside target. Trade pressures are down. Volumes closed the month of May as bullish. The next target down is that 3695. A close above 4444 would confirm any weekly move higher.

Weekly – In the move down from the 4464 short entry on April 15th. Trade pressures are down. Volumes are now neutral. The next target down is 3487. A close above 4482 would confirm any Daily move higher.

Daily – Broke out of the downward sloping channel but then dropped back into the same channel. Trade pressures are up but rolling over. Volumes are bullish. The next target up is the resistance at 4216. A close below 4100 would resume 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 was also up sharply and the value moved up to approximately $92,000. The Year-to-Date portfolio performance is now down 8%.

 

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

#emini #spfutures #SP500 #ES

Market Pressures:

Copper is in a long trade but immediately against resistance. Gold is consolidating below a new long entry. Silver also consolidating which stopped out a new long.

Crude oil moved higher and is trending. Nat gas is flirting with a new short entry.

The US 30 year Treasury is a long trade but needs weekly confirmation.

The US Dollar futures are selling down but near a downside target.

________________________

S&P 500 Futures_

Monthly – Well above the monthly lows. Trade pressures are down into the neutral zone. Volumes closed the month of April as bearish. The next target down is 3695. A close above 4444 would confirm any weekly move higher.

Weekly – In a retracement up of the move down to the 3807 low. Trade pressures are down. Volumes are neutral. the next target down is 3858. A close above 4482 would confirm any Daily move higher.

Daily – In a retracement up inside the downward channel. Trade pressures are up. Volumes are bullish. Testing the upper boundary of the channel now. The next target up is the 4216 resistance. A close below 4103 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 last week was up sharply and the value moved up to approximately $88,000. The Year-to-Date portfolio performance is now down 12%.

At the open tomorrow May 30th, Israel Chemical (IGL) and  Nutrien LTD (NTR) will be replaced by PetroBras (PBR) and Targa Resources (TRGP)

 

 

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