Category: S&P

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Summary:

Copper retraces below the 200 day MA, now rallies to open a new long.  Gold rallies in retracement, consolidating at the 200 day MA.  Silver breaks down after the sharp rally; breaks below the 200 day MA.

The Crude fails support, looking for a new long entry.  Natural gas downtrend showing signs of basing.

The US 30yr Treasury Bond reached upside target of 120-22.  Expect consolidation and retracement.

The US Dollar futures move out of downtrend.  Pressures still rising, now in the neutral zone.  .

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S&P 500 Futures   #ESH24

Monthly – December trades above the November highs. Trade pressures remain down into the neutral zone. Volumes closed the month of November as neutral.  The next target down is 4073. This November close above the upper median line (UML) confirms the weekly move higher. Expect consolidation and a back-test (4460) of the breakout. The next target up is the 4736 prior high.

Weekly – The weekly continues the move up off the 4310 long entry on 11/03 and has closed above the 44639 upside target.  Trade pressures are now up.  Volumes have closed the week as bullish again.  The next target up remains the upper median line at 4697.

Daily – Flat, the move up after the break above the 4475 (adjusted) long entry on 11/10 continues.  Trade pressures are up.  Volumes remain bullish.  Friday closed again above the September and October highs at 4660.  The next target up is 4657.  A close below 4543 would signal lower.  Multiple resistance levels just higher at 4700.  Expect consolidation and retracement at 4700.

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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 2023 year.

The Navellier portfolio stocks closed down 35% for the 2022 Year.

Portfolio values closed at approximately $109,000. The Year-to-Date portfolio performance is now up 9%.

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

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Summary:

Copper breaks above the 200 day MA.  Gold rallies to the upper median line, expect consolidation.  Silver continues the sharp move up after breaking the 200 day MA.

The Crude consolidating at the lower median line, expect support. Natural gas downtrend accelerating.

The US 30yr Treasury Bond higher. Are lower rates signaling recession? Watch crude (lower) for that confirmation.

The US Dollar futures consolidating above the 200 day MA. Pressures still rising.

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S&P 500 Futures #ESZ23 [Contract rolls soon]

Monthly – November breaks above the downward sloping upper median line to signal higher. Trade pressures remain down into the neutral zone. Volumes closed the month of November as neutral.  The next target down remains 4025. This November close above the trend line confirms the weekly move higher. Expect consolidation and a back-test (4370) of the breakout. The next target up is 5170.

Weekly – The weekly continues the move up off the 4310 long entry on 11/03 and has closed above the 4586 upside target. Trade pressures are now up.  Volumes have closed the week as bullish again. The next target up is the upper median line at 4649.

Daily – Flat, the move up after the break above the 4426 long entry on 11/10 continues.  Took profits ahead of the rollover.  Trade pressures are up.  Volumes remain bullish.  Friday closed just above the September and October highs at 4600.75.  The next target up is 4643.  A close below 4491 would signal lower.  Multiple resistance levels just higher.  Expect consolidation and retracement.

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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 2023 year.

The Navellier portfolio stocks closed down 35% for the 2022 Year.

Portfolio values closed at approximately $107,000. The Year-to-Date portfolio performance is now up 7%.

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

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Summary:

Copper rallies to the 200 day MA.  Gold rallies above the 200 day MA.  Silver in a second leg up off the 22.00 support.

The Crude looking lower at 75-76. Natural gas still looks down further to LML.

The US 30yr Treasury Bond signals a short at 115.

The US Dollar futures consolidating above the 200 day MA. Pressures rising.

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S&P 500 Futures #ESZ23

Monthly – November headed for a back-test at 4700 of the September 2023 breakdown. Trade pressures remain down into the neutral zone. Volumes closed the month of October as bearish. The next target down remains 4025. The September close below 4373 had confirmed the weekly move lower.

Weekly – The weekly continues the move up off the 4122 low and has closed above the 4497 upside target. Trade pressures have risen into the neutral zone. Volumes have closed the holiday week as bullish again. The next target up is 4586.

Daily – Long, after the break above the 4426 on 11/10. Trade pressures are up. Volume remains bullish. Now looking for a break above the September and October highs. The next target up is 4586. A close below 4442 would signal lower.

[11/20/23: Set SL at 4517.  NVDA reports Tues PM]

[11-26-23: Raise the SL to 4520.]

[11-27-23: Take profits here before the rollover.]

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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 2023 year.

The Navellier portfolio stocks closed down 35% for the 2022 Year.

Portfolio values closed at approximately $108,000. The Year-to-Date portfolio performance is now up 8%.

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

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Summary:

Copper found support and rallied to the upper channel.  Gold rallied off the 1939 downside target.  Silver short fails. Rallies to the Median line at 23.88

The Crude finds support at the Median line and the 200 day MA. Natural gas down further to LML.

The US 30yr Treasury Bond remains a cautious long now above the downtrend line.

The US Dollar futures have turned back down below that upsloping median line. Next target is below the 102 level.

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S&P 500 Futures #ESZ23

Monthly – November headed for a back-test of the September 2023 breakdown. Trade pressures remain down into the neutral zone. Volumes closed the month of October as bearish. The next target down remains 4025. The September close below 4373 had confirmed the weekly move lower.

Weekly – The weekly continues the move up off the 4122 low and has closed above the 4497 upside target. Trade pressures have risen into the neutral zone.. Volumes have closed the week bullish again. The next target up is 4586.

Daily – Long, after the break above the 4426 on 11/10. Trade pressures are up. Volume remains bullish. Now looking for a break above the September and October highs. The next target up is 4586. A close below 4408 would signal lower.

[11/20/23: Set SL at 4517.  NVDA reports Tues PM]

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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 2023 year.

The Navellier portfolio stocks closed down 35% for the 2022 Year.

Portfolio values closed at approximately $106,000. The Year-to-Date portfolio performance is now up 6%.

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

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Summary:

Copper new long failed, looking for support.  Gold breaks down.  Silver is a short. (What’s this mean for the Middle east?)

The Crude is down looking for support. Natural gas breaks down.

The US 30yr Treasury Bond stopped out but remains a cautious long.

The US Dollar futures have turned down; but found support at the upsloping median line.

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S&P 500 Futures #ESZ23

Monthly – November headed for a back test of the breakdown. Trade pressures remain down into the neutral zone. Volumes closed the month of October as bearish. The next target down remains 4025. The September close below 4373 had confirmed the weekly move lower.

Weekly – The weekly continues the move up off the 4122 low and has closed above the 4364 new long entry. Trade pressures remain down but rising. Volumes have closed the week bullish again. This close above 4364 has confirmed the Daily move higher, and now permits buying the dips. The next target up is 4497.

Daily – Stopped out of the long from 4184 on 11/08, at 4378. Trade pressures are up. Volumes remain bullish. The expected retracement was shallow, now have a break above the October highs. A close above 4426 would signal a new long. Current support is the 200 day MA at 4343.

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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 2023 year.

The Navellier portfolio stocks closed down 35% for the 2022 Year.

Portfolio values closed at approximately $105,000. The Year-to-Date portfolio performance is now up 5%.

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

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Summary:

Copper is a new long.  Gold is consolidating.  Silver is consolidating near a new short entry. Interest rate moves should dictate the next move in the metals.

The Crude has turned down. Natural gas is in the chop mode.

The US 30yr Treasury Bond remains a cautious long.

The US Dollar futures have turned down with a sharp move late in the week.

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S&P 500 Futures #ESZ23

Monthly – November rallies off the 4100 lows. Trade pressures remain down into the neutral zone. Volumes closed the month of October as bearish. The next target down remains 4025. The September close below 4373 had confirmed the weekly move lower.

Weekly – The weekly moved sharply up off the 4122 low. Trade pressures remain down. Volumes have closed the week as slightly bullish. This close above 4364 has confirmed the Daily move higher. The next target up is 4634

Daily – Long from the 4184 open on 10/30, the prior Monday; which has now closed above the 200 day MA at 4338. Trade pressures are up. Volumes are bullish. Now well above the expected overbought at 4278 which would suggest some retracement here. A close below 4333 would signal lower.

SL 4350.

[11-7-23: Raise SL to 4378.]

[11-8-23: Stopped out at 4378.]

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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 2023 year.

The Navellier portfolio stocks closed down 35% for the 2022 Year.

Portfolio values closed at approximately $100,000. The Year-to-Date portfolio performance is now down 0%.

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

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Summary:

Copper attempted another rally but not quite a new long yet.  Gold was stopped out with a profit, (watch the movement for signs that the hedgers have new info on the Middle East events).  Silver near a new short entry.

The Crude has turned up. Natural gas is in another retracement after reaching overbought.

The US 30yr Treasury Bond is again a cautious long.

The US Dollar futures have turned up once again, still a safe haven trade.

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S&P 500 Futures #ESZ23

Monthly – The third month down. Trade pressures remain down into the neutral zone. Volumes closed the month of September as bullish, October, while not quite finished, looks bearish. The next target down remains 4025. The close below 4373 had confirmed the weekly move lower.

Weekly – The weekly moved sharply down after breaching the downside target of 4280. Trade pressures are down. Volumes have closed the week as bearish.  The next target down is still 4030. A close above 4364 would confirm any Daily move higher.

Daily – Flat. Made a third touch on the downward sloping median line and closed up off that line setting the stage for a possible rally.  Trade pressures are down. Volumes remain bearish. At the 4124 downside target. The next target down is 4030. The expected oversold level is 4099. A close above 4177 would signal higher.  In the event of a rally, the expected overbought is 4298.

[10-31-23 long at the 4184 open. ]

[11-2-23: SL at 4254.]

[11-3-23: SL 4350.]

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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 2023 year.

The Navellier portfolio stocks closed down 35% for the 2022 Year.

Portfolio values closed at approximately $95,000. The Year-to-Date portfolio performance is now down 5%.

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

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Summary:

Copper attempted a rally but none.  Gold and Silver breakout with the middle east fighting

The Crude has turned up. Natural is in a retracement after overbought.

The US 30yr Treasury Bond is now a cautious long.

The US Dollar futures has turned up once again, perhaps a safe haven trade.

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S&P 500 Futures #ESZ23

Monthly – Monthly in the move down but with a “spinning top”. Trade pressures remain down into the neutral zone. Volumes closed the month of September as bullish. The next target down remains 4025. The close below 4373 had confirmed the weekly move lower.

Weekly – The weekly has reached the downside target of 4280 and for the moment it is holding. Trade pressures are down. Volumes have closed the week as bullish. The close below 4583 confirmed the daily move lower. The next target down is 4030. A close above 4476 would confirm any Daily move higher.

Daily – Flat. Rallied to test the prior resistance at 4320 and failed.  Trade pressures are down. Volumes remain bullish. The next target down is still 4124. The expected oversold level is 4201. A close above 4423 would signal higher.  Watching to see what the 4304 level offers as support. There is confluence at the 4304 , the 200 day MA and the lower median line around 10/23. The expected overbought level is 4396.

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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 2023 year.

The Navellier portfolio stocks closed down 35% for the 2022 Year.

Portfolio values closed at approximately $105,000. The Year-to-Date portfolio performance is now up 5%.

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

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Summary:

Copper oversold.  Gold down to 1825. Silver failed the prior long entry, but is looking higher once again.

The Crude is a short. Natural breaks the 290 resistance and is now overbought.

The US 30yr Treasury Bond is basing with bullish volumes.

The US Dollar futures is now a short.

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S&P 500 Futures #ESZ23

Monthly – Monthly in the move down. Trade pressures are now down into the neutral zone. Volumes closed the month of September as bearish. The next target down remains 4025. The close below 4373 had confirmed the weekly move lower.

Weekly – The weekly has reached the downside target of 4280. Trade pressures are down into the neutral zone. Volumes have closed the week as bullish. The close below 4583 confirmed the daily move lower. The next target down is 4030. A close above 4476 would confirm any Daily move higher.

Daily – Flat. Consolidating around the 4304 downside target.  Trade pressures are down but rising. Volumes are bullish. The next target down is 4124. The expected oversold level is 4202. A close above 4423 would signal higher.  The expected overbought level is 4338.

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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 2023 year.

The Navellier portfolio stocks closed down 35% for the 2022 Year.

Portfolio values closed at approximately $103,000. The Year-to-Date portfolio performance is now up 3%.

Quanta Svcs (PWR). Royal Caribbean Cruise (RCL), and Toll Brothers (TOL) will be replaced with Emcor Gp (EME), Eli Lilly (LLY), and Nivdia (NVDA) on Tuesday.

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

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Summary:

Copper did break down.  Gold down, held the 1922 support. Silver is a new long.

The Crude is looking toppy. Natural retested lows.

The US 30yr Treasury Bond breaks down hard.

The US Dollar futures remain in the move up, but still overbought.

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S&P 500 Futures #ESZ23

Monthly – Monthly support fails. Trade pressures remain up but are turning down. Volumes closed the month of August as bullish. The next target down is 4025. The close below 4373 has confirmed the weekly move lower.

Weekly – The weekly has two weeks of a move down. Trade pressures are still up, but are turning down. Volumes remain bearish. The close below 4583 confirmed the daily move lower. The next target down is 4280. A close above 4602 would confirm any Daily move higher.

Daily – Flat. The close below 4484 did signal lower.  Trade pressures are down. Volumes are bearish. The next target down is 4280. The expected oversold level is 4399. A close above 4537 would signal higher.  The expected overbought level is 4449.

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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 2023 year.

The Navellier portfolio stocks closed down 35% for the 2022 Year.

Portfolio values closed at approximately $109,000. The Year-to-Date portfolio performance is now up 9%.

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