#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.

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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.

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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 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.

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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.

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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. 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.

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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.

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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 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.

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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.]

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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 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.

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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.]

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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 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.]

#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.

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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 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.]