#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.]

#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.]

#emini #spfutures #SP500 #ES

Market Summary:

Copper’s Tried to break down but recovered late in the week.  Gold down fails and now in a retest of support which has become resistance. Silver held the 22.87 support.

The Crude is overbought. Natural gas falls after breakout.

The US 30yr Treasury Bond needs to breakout of the wedge formation.

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

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S&P 500 Futures #ESZ23

Monthly – The spinning top selloff is testing monthly support. Trade pressures remain up. Volumes closed the month of August as bullish. The next target up remains 5010. A close below 4373 would confirm any 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 confirms the daily move lower. The next target down is 4280. A close above 4640 would confirm any Daily move higher.

Daily – Flat. In the pull back from the 4566 resistance trend line.  Trade pressures are down. Volumes are bearish. A close above 4566 would signal short term higher. The next target up is 4593.  But the expected overbought level is 4534.  A close below 4484 would signal lower. The expected oversold level is 4405.

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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 down hard for the week at approximately $105,000 with the new changes. The Year-to-Date portfolio performance is now up 5%.

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

#emini #spfutures #SP500 #ES

Market Summary:

Copper’s new long failed.  Gold down to the lower median line. Silver continued the sell off, must hold the 22.84 support.

The Crude moving into overbought. Natural gas breaks out of bull flag.

The US 30yr Treasury Bond rallies thru the long trigger, then pulls back.

The US Dollar futures remain in the move up, but remains at overbought levels.

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S&P 500 Futures #ESZ23

Monthly – The selloff is testing monthly support. Trade pressures remain up. Volumes closed the month of August as bullish. The next target up remains 5010. A close below 4373 would confirm any weekly move lower.

Weekly – The weekly moves up off the 4399 lows but still in the move down. Trade pressures are still up, but are turning down. Volumes remain bearish. The close below 4583 confirms the daily move lower. The next target down is 4280. A close above 4640 would confirm any Daily move higher.

Daily – Flat. In the pull back from the 4587 resistance.  Trade pressures are now down. Volumes are neutral. A close above 4529 would signal short term higher. The next target up is 4587.  But the expected overbought level is 4511.  A close below 4480 would signal lower. The expected oversold level is 4366.

[9-10-23: Close the September long into contract expiration for a loss.]

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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 up for the week unchanged at approximately $111,000 with the new changes. The Year-to-Date portfolio performance is now up 11%.

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

#emini #spfutures #SP500 #ES

Market Summary:

Copper’s is a new long, but overbought and at resistance.  Gold near overbought levels, but Silver paused at resistance then moved thru only to sell off.

The Crude in a new up move after consolidation. Natural gas forming a bull flag.

The US 30yr Treasury Bond rallies thru the Long trigger.

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

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S&P 500 Futures #ESU23

Monthly – Tests the prior 4634 high. Trade pressures remain up. Volumes closed the month of August as bullish. The next target up remains 4961. A close below 4323 would confirm any weekly move lower.

Weekly – The weekly moves up off the 4350 lows but still in the move down. Trade pressures are still up, but are turning down. Volumes remain bearish. The close below 4437 confirmed the daily move lower. The next target down is still 4230. A close above 4591 would confirm any Daily move higher.

Daily – Long. The close above 4478 on 8/29 signaled higher.  Trade pressures are now up. Volumes are bullish. The next target up is 4537.  The expected overbought level is 4542.  A close below 4418 would signal lower. The expected oversold level is 4329.

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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 up for the week at approximately $112,000 with the new changes. The Year-to-Date portfolio performance is now up 12%.

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

#emini #spfutures #SP500 #ES

Market Summary:

Copper’s is near a new long.  Gold down near overbought levels, but Silver rallied hard to the 24.20 target and resistance.

The Crude in a new down move, but looks to be consolidation. Natural gas in a  move up.

The US 30yr Treasury Bond attempted another rally. It does appear to basing.

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

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S&P 500 Futures #ESU23

Monthly – The selloff has taken price down near the 4400 level. Trade pressures remain up. Volumes closed the month of July as bullish. The next target up is 4961. A close below 4323 would confirm any weekly move lower.

Weekly – The weekly bounces off the 4350 lows. Trade pressures are still up. but are turning down. Volumes are bearish. The close below 4437 confirmed the daily move lower. The next target down is 4230. A close above 4591 would confirm any Daily move higher.

Daily – Short. In the move down from the 4533 short signal on 8/3.  Trade pressures are down. Volumes remain bearish. The next target down is 4230. The expected oversold level is 4322. A close above 4378 would signal higher. The expected overbought level is 4449.

Although the market is approaching oversold levels, the last week of August is likely not the time to be entering new positions.

[8-18-23: Short stopped out at 4504.]

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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 approximately unchanged for volatile week 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.]

#emini #spfutures #SP500 #ES

Market Summary:

Copper’s is basing.  Gold in the steady decline, but Silver is holding at the 200 day MA; however, with still downward pressures.

The Crude continues the move to the upside; took profits at 84, looking toppy. Natural gas in the move down.

The US 30yr Treasury Bond attempted a rally, but now lower. It does appear to basing.

The US Dollar futures in the move up.

_________________

S&P 500 Futures #ESU23

Monthly – The 4634 prior weekly close remains resistance. Trade pressures remain up. Volumes closed the month of July as bullish. The next target up is 4961. A close below 4323 would confirm any weekly move lower.

Weekly – The weekly continues the move lower. Trade pressures are still up. but are turning down. Volumes are now bearish. The close below 4437 confirms the daily move lower. The next target down is 4213. A close above 4591 would confirm any Daily move higher.

Daily – Short. In the move down from the 4533 short signal on 8/3.  Trade pressures are down. Volumes remain bearish. The next target down is 4230. The expected oversold level is 4345. A close above 4378 would signal higher. The expected overbought level is 4475.

[8-18-23: Stopped out at 4504.]

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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 down 3% at approximately $106,000 with the $100 crash in Super Micro. The Year-to-Date portfolio performance is now up 6%.

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

#emini #spfutures #SP500 #ES

Market Summary:

Copper’s near support.  Gold and Silver bounce from the 200 day MA failed, in a full downtrend but seeing support nearby.

The Crude continued the move to the upside, took profits at 84, looking toppy. Natural gas has sharp move up but gives most back.

The US 30yr Treasury Bond attempted a rally but now lower.

The US Dollar futures failed at the 103 resistance once and now attempting a breakout.

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S&P 500 Futures #ESU23

Monthly – The 4634 prior weekly close was resistance. Trade pressures remain up. Volumes closed the month of July as bullish. The next target up is 4961. A close below 4323 would confirm any weekly move lower.

Weekly – The weekly continues the move lower. Trade pressures are still up. Volumes is now neutral. The next target up is still 4558 . A close below 4437 is needed to confirm any daily move lower. There is trendline support at 4424.

Daily – Short. In the move down from the 4533 short signal on 8/3.  Trade pressures are down. Volumes are now bearish. The next target down is 4432. The expected oversold level is 4414 and support is at 4424. A close above 4504 would signal higher. The expected overbought level is 4522.

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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 down hard at approximately $109,000 with the $100 crash in Super Micro. The Year-to-Date portfolio performance is now up 9%.

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

#emini #spfutures #SP500 #ES

Market Summary:

Copper’s long trade was stopped out.  Gold and Silver pulled back to the 200 day MA and bounced.

The Crude continues the move to the upside, support now at the 200 day MA. Natural gas rises with volatility.

The US 30yr Treasury Bond long fails once again, looks to test the October 2022 low.

The US Dollar futures failed at the 103 resistance.

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S&P 500 Futures #ESU23

Monthly – The 4634 prior weekly close was tested as resistance. Trade pressures remain up. Volumes closed the month of July as bullish. The next target up is 4961. A close below 4323 would confirm any weekly move lower.

Weekly – The weekly has moved down with Friday closing down sharply. Trade pressures are still up. Volumes remain turned bearish. The next target up is still 4558 . A close below 4323 is needed to confirm any daily move lower.

Daily – Short, from the 4533 short signal on 8/3.  Trade pressures are down. Volumes are now bearish. The next target down is 4432. The expected oversold level is 4491. A close above 4571 would signal higher. The expected overbought level is 4597.

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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 down 2% at approximately $117,000. The Year-to-Date portfolio performance is now up 17%.

 

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

#emini #spfutures #SP500 #ES

Market Summary:

Copper is a long trade.  Gold and Silver need a pullback toward the 200 day MA.

The Crude broke thru to the upside, support now at the 200 day MA. Natural gas rises.

The US 30yr Treasury Bond long fails once again.

The US Dollar futures are now at resisitance.

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S&P 500 Futures #ESU23

Monthly – Another close at new recovery highs at 4634. Trade pressures remain up. Volumes closed the month of June as bullish. The next target up is 4961. A close below 4323 would confirm any weekly move lower.

Weekly – The weekly is in the long trade from the 4512 entry. Trade pressures are still up. Volumes remain bullish. Thru the 4558 resistance. A close below 4452 is needed to confirm any daily move lower.

Daily – Long, from the 4428 long signal off the May lows on 7/11.  Trade pressures are up but declining. Volumes are now neutral at the end of the week. The next target up 4673. In overbought territory at 4581.

A new short entry is nearby at 4533. A retracement target down to 4497 could signal a buy of the dip. The expected oversold level is now 4465. Tight stops.

[8-2-23: long trade from 4512 stopped out at 4533.]

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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 up slightly at approximately $119,000. The Year-to-Date portfolio performance is now up 19%.

Builders First Choice (BLDR) and Quanta Svcs (PWR) will be replace with DR Horton (DRI) and First Solar (FSLR) at the Monday’s Open.

 

 

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