Market Summary:

Copper near new long entry. Gold in consolidation. Silver fails the long entry, pulls back to the lower median line parallel.

Crude needs a test of the 200 day MA lower.  Natural Gas breaks down and now forming a second bear flag.

The US 30yr Treasury remains in the move up from 114-30.
The 10yr yields lower 4.05%.  The expected oversold level for the 10yr yield declines to 4.07%

The US Dollar – moving lower as rates go lower.

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S&P 500 Futures   #ESH26

Monthly –Monthly bar rallys off support. Trade pressures remain up. Volumes closed the month of January as bullish.  The 7043 price remains the adjusted high.  7208 is the next target up. A close below 6732 would confirm any weekly move lower.

Weekly – The weekly bar creates a lower high and moves lower.  Trade pressures are now down. Volumes are now bearish.  Price below the prior high pivot of 7043. The support trendline is at 6773. A close below 6692 would confirm any daily move lower.

Daily – Short. The rally tested the upper median line parallel and then turned lower at 6953 on 2/12 to form a lower high. Trade pressures are down. Volumes are bearish.

The next target down is 6778. The expected oversold level rises to 6776.

A close above 6910 would signal higher. The expected overbought level declines to 7013.

[OB/OS trend is widening.] Expect increasing volatility.

[2-14-26: Take Profit at the 6776 OverSold level. Set the SL at 6948.]

[2-17-26: Raise the Profit stop to 6792, Lower the SL to 6883.]

[2-17-26: Profit Stop triggered. Flat at 6792.]

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Market Summary:

Copper near new long entry. Gold a new long entry, but tight stops. Silver has too much room above and below .

Crude is a new long entry soon.  Natural Gas forming a bear flag.

The US 30yr Treasury in a new move up from 114-30.
The 10yr yields continue above 4.22%.  The expected oversold level for the 10yr yield holds to 4.17%

The US Dollar – moving higher, with negative correlations to other asset classes.

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S&P 500 Futures   #ESH26

Monthly –Monthly bar rallys off support. Trade pressures remain up. Volumes closed the month of January as bullish.  The 7043 price remains the adjusted high.  7208 is the next target up. A close below 6732 would confirm any weekly move lower.

Weekly – The weekly bar breaks back above the trendline resistance.  Trade pressures are now down. Volumes remain bullish.  Price below the prior high pivot at 7043. The support trendline is at 6751 which was just tested in this last week’s move down. A close below 6692 would confirm any daily move lower.

Daily – Flat. The early week move down was from 6935 to 6776, then rallied hard to recoup most of the early week losses. Trade pressures are down but rising. Volumes are bullish.

The next target up is 7001. The expected overbought level rises to 7051.

A close below 6896 would signal lower. The expected oversold level declines to 6746.

[OB/OS trend is widening.] Expect increasing volatility.

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Market Summary:

Copper ripped higher then collapsed. Now look for a re-entry long.. Gold and Silver crash back to support levels .

Crude is still a long, but took profits.  Natural Gas may test the 5.00 prior high.

The US 30yr Treasury in a new move up from 114-24.
The 10yr yields continue above 4.20%.  The expected oversold level for the 10yr yield rises to 4.17%

The US Dollar – after a significant move lower, now moving higher.

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S&P 500 Futures   #ESH26

Monthly –Monthly bar still showing indecision. Trade pressures remain up. Volumes closed the month of December as bullish.  The 7036 price remains the adjusted high.  7208 is the next target up. A close below 6725 would confirm any weekly move lower.

Weekly – The weekly bar breaks back above the trendline resistance.  Trade pressures are down into the neutral zone. Volumes are bullish.  Price above the prior high pivot at 7013. The support trendline is at 6729. A close below 6769 would confirm any daily move lower.

Daily – Flat. In the move down from 6987 and testing the 6917 support. Trade pressures are down. Volumes remain bullish.

The next target down is 6863. The expected oversold level rises to 6845.

A close above 7008 would signal higher The expected overbought level declines to 7037.

[OB/OS trend is widening.] Increasing volatility.

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Market Summary:

Copper in a new move up after the pullback to 5.70. Gold and Silver up, both at ATH’s.

Crude is a long, moving higher after the pullback.  Natural Gas stages a complete reversal higher.

The US 30yr Treasury in a new move up from 114-24.
The 10yr yields continue above 4.20%.  The expected oversold level for the 10yr yield rises to 4.16%

The US Dollar sells off on the “Sell America ” trade.

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S&P 500 Futures   #ESH26

Monthly –Monthly bar showing indecision. Trade pressures remain up. Volumes closed the month of December as bullish.  The 7036 price remains the adjusted high.  7208 is the next target up. A close below 6725 would confirm any weekly move lower.

Weekly – The weekly bar breaks back above the trendline resistance.  Trade pressures are down into the neutral zone. Volumes are bullish, and on rising volumes.  Price above the prior high pivot at 7013. The support trendline is at 6715. A close below 6685 would confirm any daily move lower.

Daily – Long. Tested the 6818 support and now in a new move up from 6881. Trade pressures are up. Volumes are bullish.

The next target up is 6984. [Watch for a lower high at 6984.] The expected overbought level rises to 7039.

A close below 6922 would signal lower. The expected oversold level declines to 6825.

[OB/OS trend is widening.] Increasing volatility.

[Set 6922 as the long SL.]

[1-25-26: Stopped out at the 6922 SL in the overnight session. New SL at 6955.]

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Market Summary:

Copper sells off from the 6.15 highs, sustains weekly selling volumes. Gold and Silver off highs as well and consolidating in a bull flag.

Crude is a long, but in a pullback.  Natural Gas continues lower.

The US 30yr Treasury breakout touches the mid 116’s, then sells off.
The 10yr yields trade above 4.20%.  The expected oversold level for the 10yr yield rises to 4.12%

The US Dollar trading still higher.

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S&P 500 Futures   #ESH26

Monthly –Monthly bar off new highs. Trade pressures remain up. Volumes closed the month of December as bullish.  The 7036 price is the new adjusted high.  A close below 6725 would confirm any weekly move lower.

Weekly – The weekly bar breaks back above the trendline resistance.  Trade pressures are down into the neutral zone. Volumes are bullish, and on rising volumes.  Price above the prior high pivot at 7013. The support trendline is at 6842. A close below 6706 would confirm any daily move lower.

Daily – Long. After the rally to 7036, in the retracement down.  Trade pressures are down. Volumes are bearish.

The next target up is 7087. The expected overbought level rises to 6977.

A close below 6962 would signal lower. Set 6961 as the long SL. The expected oversold level rises to 6889.

[OB/OS trend is rising.]

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Market Summary:

Copper moves up off support but sustains weekly selling volumes. Gold and Silver off supports as well and consolidating.

Crude breaks out of downtrend resistance and is a new long.  Natural Gas breaks still lower.

The US 30yr Treasury does breakout above Bull Flag.
The 10yr yields trade above 4.15%.
The expected oversold level for the 10yr yield rises to 4.10%

The US Dollar trading higher; does break above 200 day MA.

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S&P 500 Futures   #ESH26

Monthly –Monthly bar at new highs. Trade pressures remain up. Volumes closed the month of December as bullish.  The 7017 price is the new adjusted high.  A close below 6706 would confirm any weekly move lower.

Weekly – The weekly bar breaks back above the trendline resistance.  Trade pressures are down into the neutral zone. Volumes have turned bullish, but on very low volumes.  Price above the prior high pivot at 7013. The support trendline is at 6893. A close below 6663 would confirm any daily move lower.

Daily – Long. In the new move up from 6969 on 1/9/26.  Trade pressures are up. Volumes are bullish.

The next target up is 7087. The expected overbought level declines to 6977.

A close below 6971. Set 6971 as the SL. The expected oversold level rises to 6855.

[OB/OS trend is narrowing.]

[1-12-26: Stopped out of the long trade at 6971.]

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Market Summary:

Copper sells off to pre-breakout levels. Gold and Silver give up their spike highs.

Crude showing higher lows, but meets resistance.  Natural Gas basing with higher lows, also.

The US 30yr Treasury needs to breakout above Bull Flag.
The 10yr yields trade above 4.15%.
The expected oversold level for the 10yr yield declines to 4.09%

The US Dollar trading lower, need to break above 200 day MA acting as resistance.

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S&P 500 Futures   #ESH26

Monthly –Monthly bar holding near the prior month close above the 6893 target. Trade pressures remain up. Volumes closed the month of December as bullish.  The 7013 price remains the adjusted high.  A close below 6702 would confirm any weekly move lower.

Weekly – The weekly bar breaks back below the trendline resistance.  Trade pressures are up, but continuing to turn down. Volumes have turned neutral.  The prior high pivot at 7013 is the next target up. The support trendline is at 6686. A close below 6663 would confirm any daily move lower.

Daily – Short. In the pull back from the the 6939 short entry on 12/30.  Trade pressures are down. Volumes are bearish.

The next target down is 6859. The expected oversold level declines to 6791.

A close above 6933 would signal higher. The expected overbought level rises to 6986.

[OB/OS trend is widening.]

[1-2-26:The Dow Jones index seems to be leading. Long the YMH26 @ 48598, SL 48100.]

[1-7-26: Sell YMH26 at 49235.]

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Market Summary:

Copper closing the gap to recovery highs. Gold to new highs. Silver rockets to new highs with a $7 up-day.

Crude showing higher lows, but sells off at resistance.  Natural Gas up off lows to test nearby resistance.

The US 30yr Treasury attempting breakout of the Bull Flag.
The 10yr yields trade below 4.15%.
The expected oversold level for the 10yr yield rises to 4.11%

The US Dollar trading lower, need to break the 200 day MA acting as resistance.

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S&P 500 Futures   #ESH26

Monthly –Monthly bar in a move up to test the 7013 highs. Trade pressures remain up. Volumes closed the month of November as bullish.  The 7013 price remains the adjusted high. The next target down is 6702. A close below 6702 would confirm any weekly move lower.

Weekly – The weekly bar breaks above the trendline resistance.  Trade pressures are up, but continuing to turn down. Volumes have turned bearish and continue to rise.  The prior high pivot at 7013 is the next target up. The support trendline is at 6676. A close below 6663 would confirm any daily move lower.

Daily – Long. In the long trade from 6852 on 12/19. Took profits into Xmas Day.  Trade pressures are up. Volumes remain neutral.

The next target up is 7087.  The expected overbought level rises to 6954.

A close below 6939 would signal lower. The expected oversold level rises to 6805.

[OB/OS trend is rising.]

[12-20: Despite the downturn, VIX remains in the teens – allowing a “buy the dips” strategy.]

[12-26-25: There is support at the 6900 level. Watch for possible re-entry in the long trade.]

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Market Summary:

Copper met upside resistance, turned down and immdeiately reversed to recovery highs. Gold choppy, but with an upward bias. Silver’s one day selloff inside the uptrend is reversed immediately to new highs.

Crude showing higher lows, but at resistance.  Natural Gas trying to find support.

The US 30yr Treasury holding support at the 200 day MA.
The 10yr yields trade around 4.15%.
The expected oversold level for the 10yr yield rises to 4.10%

The US Dollar trading up off 97.50 low, but 200 day MA acting as resistance.

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S&P 500 Futures   #ESH26

Monthly –Monthly bar consolidating around 6800 off the 6975 highs. Trade pressures remain up. Volumes closed the month of November as bullish.  The 7013 price remains the adjusted high. The next target down is 6702. A close below 6702 would confirm any weekly move lower.

Weekly – The weekly bar rallies back into the uptrend.  Trade pressures are up, but continuing to turn down. Volumes remain neutral and continue to rise. The upper median line parallel at 6929 acting as resistance.  The prior high pivot at 7013 is the target. A close below 6663 would confirm any daily move lower.

Daily – Long. In the move up off the 6774 prior low pivot on 12/17. New long trade from 6852 on 12/19.  Trade pressures are up. Volumes are now neutral.

The next target up is 6929.  The expected overbought level declines to 6937.

Resistance at 7002. The next target down is 6842. The expected oversold level declines to 6712.

[12-20-25: The OB/OS trend is down, so tight stops. Set the SL at 6826.]

[OB/OS trend is declining.]

[12-20: Despite the downturn, VIX remains in the teens – allowing a “buy the dips” strategy.]

[12-22-25: At the 6929 target. Raise the SL to 6882.]

[12-23-25: Raise the SL to 6916.]

[12-24-25: Sell @ 6961. Done for the year.]

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Market Summary:

Copper meets upside resistance and turns down.  Gold spikes higher and turns down. Silver breaks above multi-year highs and turns down.

Crude showing higher lows after failed long entry .  Natural Gas crashes from 5.49 high.

The US 30yr Treasury moves down to 200 day MA.
The 10yr yields trade back up above 4.19%.
The expected oversold level for the 10yr yield rises to 4.02%

The US Dollar continues lower.

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S&P 500 Futures   #ESH26

Monthly –Monthly bar consolidating around 6800 off the 6975 highs. Trade pressures remain up. Volumes closed the month of November as bullish.  The 6975 price remains the adjusted high. The next target down is 6664. A close below 6664 would confirm any weekly move lower.

Weekly – The weekly bar rallies back into the uptrend.  Trade pressures are up, but continuing to turn down. Volumes are neutral and rising. Price closes at the upper median line parallel at 6890.  The prior high pivot at 6953 is the target. A close below 6603 would confirm any daily move lower.

Daily – Flat. The prior breakout fails. In the move down from 6988 highs, closing at 6890. Trade pressures are down. Volumes are bearish.

The next target down is 6842. The expected oversold level rises to 6812. (and should act as support)

The next target up is 7087.  The expected overbought level declines to 6937.

[OB/OS trend is widening.]

[12-12: VIX remains in the teens – allowing “buy the dips”.  Look for pullback toward mid-to-low 6800’s to re-enter long trade.]

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