#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.

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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.

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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 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.

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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.

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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 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.

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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.

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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 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.]

 

#emini #spfutures #SP500 #ES

Market Pressures:

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

Crude oIl in a second move up thru the 106.51 September contract entry. Natural gas is in a second leg up also.

The US 30YR Treasury bond is in a long trade.

The US Dollar futures are in a move down.

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S&P 500 Futures_

Monthly – In the move down. 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 up.

Weekly – In the move down from 4496. Trade pressures are down. Volumes are Bearish. The next target  down is 3587. A close above 4191 would confirm any daily move higher.

Daily – Long. In the move up from 3867 off the lower parallel boundary. Trade pressures are down. Volumes are bullish. The next target up is 3933. A close below 3859 would signal lower.

[5-22-22: raise SL to breakeven at the 3867 entry.]

[5-23-22: Take profits at the 3962 upper median line.]

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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 was down then up and the value was unchanged at approximately $83,000. The Year-to-Date portfolio performance is now down 17%.

 

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

#emini #spfutures #SP500 #ES

Market Pressures:

Copper is testing last summer’s lows. Gold and silver have broken support, but seem oversold.

Crude oil is forming a bearish flag. Natural gas broke back into the upward sloping channel.

The US 30 year Treasury is a new long.

The US Dollar futures are at resistance.

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S&P 500 futures_

Monthly – within 100 pts of a 38% retracement of the move from the March 2020 lows to the November 2021 highs. Trade pressures are down into the neutral zone.  Volumes closed as bearish for the month of April. The next target down is 3695. A close above 4509 would confirm any weekly move higher.

Weekly – In the move down from the 4496 short entry on Jan 22nd. Trade pressures are down. Volumes are now bullish. The next target down is 3587. A close above 4238 would confirm any daily move higher.

Daily –  Long. In the move up from the 3983 long entry on May 13th. Trade pressures are down. Volumes are neutral. The next target up is 4124. A close below 3938 would signal lower. Use 3938 as a SL.

[5-16-22: Raise the stop to 3978 support level.]
[5-17-22: Raise stop to 4017. Take profits at 4123]

[5-18-22: stopped out at 4017]

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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 was up and the value was approximately $83,000. The Year-to-Date portfolio performance is now down 17%.

 

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

 

#emini #spfutures #SP500 #ES

Market Pressures:

Copper is down to target. Gold and silver are both near support.

Crude oil has begun a sharp retracement lower.  Natural gas is the same.

The US 30 year Treasury is now signaling a new move up.

The US Dollar futures are the safe haven trade and are consolidating just below the 104-105 resistance.

___________________

S&P 500 Futures_

Monthly – In the bearish move down. 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 4629 will confirm any weekly move higher.

Weekly – In the second leg down. Trade pressures are down. Volumes are bearish. The next target down is 3587. A close above 4376 would confirm any daily move higher.

Daily – Flat. At the lower channel support. Trade pressures are down, but showing divergence. Volumes are bearish. The next target down is 3921. A close above 4031 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 and as of Monday the 9th was 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 Pressures:

Copper near the next target down. Gold and Silver looking still lower.

Crude oil is still in consolidation. Natural gas has broken above a small bull flag.

The US 30 year Treasury Bond is consolidating near an upside breakout level.

The US Dollar futures are beginning a retracement down.

______________________

S&P 500 Futures_

Monthly – In the move down from the 4252 break 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 4753 would confirm any weekly move higher.

Weekly – The weekly move above 4485 failed. Trade pressures are down. Volumes are bearish. The next target down is the prior low at 4093. A close above 4485 is required to confirm any daily move higher.

Daily – In the down trending  channel. Trade pressures are down. Volumes are bearish. The next target down is the prior low at 4093. A close above 4371 is required to start 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 week was down to approximately $77,000. The Year-to-Date portfolio performance is now down 23%.

Cube Smart (CUBE), Extra Space Storage  (EXR), Fortinet (FTNT) and Zim Integrated Shipping (ZIM) will all be replaced by Conoco-Phillips (COP), Devon (DVN), Israel Chemicals (ICL) and Nutrien (NTR) at the open Monday morning.

[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. Waiting for gold and silver to confirm a move higher.

Crude Oil is in a new leg down. Natural gas continues higher but the curve is too steep.

The US 30 Year Bond is also in a new leg down with a big move higher in the 10yr rates.

The US Dollar futures are higher as capital seeks a haven.

_____________________

S&P 500 Futures_

Monthly – The previous month was up this month seems to be the reversal of that. Trade pressures are up but declining. Volumes closed the month of March as neutral. The next target up is 5018. A close below 4252 would confirm any weekly move lower.

Weekly – The new leg up was triggered at 4485; but no follow thru yet. Trade pressures are rising into the neutral zone. Volumes are now neutral. The next target up is 4767. A close below 4258 would confirm any daily move lower.

Daily – Short in the move down from the 4517 entry on 4/6. Trade pressures are down. Volumes are bearish. The next target down is 4390. A close above 4458 would signal a retracement higher.

[4-14-22:Take profits at the next test of the 4390 target. SL @ 4458] [4389.50 traded just before the close; out at the 4390 profit target.]

____________________

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 was down to approximately $84,000. The Year-to-Date portfolio performance is now down 16%.

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

#emini #spfutures #SP500 #ES

Market Pressures:

Copper is coiling for a move, up or down. Gold and silver both look ready for a second leg down.

Crude oil is already in the second leg down. Natural gas is extending the move up.

US 30 year Treasury bond is in a new move up.

The US Dollar futures are in a retracement that looks to be a bull flag, so watch for a breakout.

____________________

S&P 500 Futures_

Monthly – Still in the uptrend. Trade pressures are up but continuing to decline. Volumes closed the month of March as neutral. The next target up is 5018. A close below 4252 would confirm any weekly move lower.

Weekly – In a new move up from the 4485 new long trigger. Trade pressures are up into the neutral zone. Volumes are bullish. The next target up is 4767. A close below 4201 would confirm any daily move lower.

Daily – In this dramatic March move up. Trade pressures are up but showing some divergence. Volumes are bearish. The next target up is 4693. A close below 4517 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 was up to approximately $87,000. The Year-to-Date portfolio performance is now down 13%.

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

#emini #spfutures #SP500 #ES

Market Pressures:

Copper is signaling lower. Gold and silver are at resistance.

Crude Oil is showing lower highs. Natural gas has powered thru the expected targets.

The US 30 year Treasury is at the lower targets; expecting consolidation and retracement.

The US Dollar futures are also showing lower highs.

__________________

S&P 500 Futures_

Monthly – Big Inside bar for the month. Trade pressures are up but rolling over. Volumes closed the month of February as neutral. The next target up remains 5018. A close below 4252 would confirm any weekly move lower.

Weekly – The move down from the 4517 short entry has been voided. Trade pressures are down but rising. Volumes are bullish. The next target down is 4060. The close above 4485 has confirmed the daily move higher.

Daily – The channel breakout to the upside on 3/17 at 4297 has been confirmed. Trade pressures are up. Volumes are bullish. The next target up is the prior high at 4575. However multiple resistances are just ahead at the 4550 level and the VIX is at the low end of the risk range. A close below 4425 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 was neutral remaining at approximately $83,000. The Year-to-Date portfolio performance is now down 17%.

Endava (DAVA), Ford (F), And TFII International (TFII) will be replaced by Fortinet (FTNT), Marathon Oil (MRO) and ZIM Integrated Shipping  (ZIM) at the open on Monday.

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