#emini #spfutures #SP500 #ES

Market Summary:

Copper rallies to overbought.  Gold fails at 2000. Silver rallies off support.

The Crude rallies off oversold levels. Natural gas breaks out into long trade.

The US 30yr Treasury Bond rallies to overbought levels . Ten year yields looks lower.

The US Dollar futures corrected and now long again.

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S&P 500 Futures

Monthly – The close above the 4200 continues. Trade pressures are up. Volumes closed the month of April as bullish. The next target up is 4917. A close below 3867 would confirm any weekly move lower.

Weekly – The weekly long at 3998 moves above the 4256 target. Trade pressures are still up. Volumes remain bullish. The next target up is 4514. A close below the prior short signal of 4098 would confirm any daily move lower.

Daily – Long. In the move up from the reversal at 4148  on 5/26 to long. The 6/2 break above 4250 starts a new uptrend. Trade pressures are neutral. Volumes are bullish. The next target up is 4429.  Overbought is now 4245. A break below 4175 would signal lower. The next oversold level is 4094.

Set the SL at 4246.

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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.

This week’s market moved down then up this week. Portfolio values moved up to approximately $112,000. 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 broke below the 3.66 consolidation then returned to that consolidation area.  Gold short looking to consolidate. Silver at support.

The Crude bias is short; at interim support. Natural gas rally stalls.

The US 30yr Treasury Bond short continues lower. Ten year yields still higher to 3.85 target.

The US Dollar futures continue long, but now at the overbought levels.

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S&P 500 Futures

Monthly – The close above the 4200 confirmed. Trade pressures are up. Volumes closed the month of April as bullish, May volumes now catching up. The next target up is 4917. A close below 3850 would confirm any weekly move lower.

Weekly – The weekly long at 3998 continues to move higher and the week closed again above the prior week high. Trade pressures are still up. Volumes remain bullish. The next target up remains 4256. A close below the prior short signal of 4032 would confirm any daily move lower.

Daily – Flat. The close below 4126 on 5/26 triggered a new short. Trade pressures are up. Volumes are now bullish. The next target up is 4246.  Overbought is now 4196. A break below 4150 would signal lower. The next oversold level is 4073. Set the SL at the prior high.

[5-29-23: Take the loss on the short from 4126 at 4227. Now Flat.]

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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.

This week’s market moved down then up this week. Portfolio values moved down on the First Solar retracement to approximately $111,000. 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 consolidating at lower levels.  Gold short at support levels. Silver drops to first target; looking lower.

The Crude long trade is meeting resistance; looking for reversal. Natural gas signals higher.

The US 30yr Treasury Bond breaks down. But recessionary fears should attract buyers; watch the 10yr yields.

The US Dollar futures now long with a break above the 102 levels.

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S&P 500 Futures

Monthly – A close above the 4200. Trade pressures are up. Volumes closed the month of April as bullish, May volumes remain low. The next target down is 3084. A close at 4204 confirms the weekly move higher.

Weekly – The weekly long at 3998 continues to move higher and the week closed above the prior week high. Trade pressures are still up. Volumes remain bullish. The next target up remains 4256. A close below the prior short signal of 4032 would confirm any daily move lower.

Daily – Long. The close above 4148 has triggered the new long. Trade pressures are up. Volumes are now bullish. The next target up is 4246.  Overbought is now 4207. A break below 4122 would signal lower. The next oversold level is 4062.

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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.

This week’s market moved sideways all week. Portfolio values moved down on the First Solar retracement to approximately $114,000. The Year-to-Date portfolio performance is now up 14%.

 

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

#emini #spfutures #SP500 #ES

Market Summary:

Copper rally failed.  Gold short continues. Silver breaks above the resistance line and fails.

The Crude long trade is meeting resistance. Natural gas slow decline continues.

The US 30yr Treasury Bond is changed from bias up to bias down. But recessionary fears should attract buyers; watch the 10yr yields.

The US Dollar futures now long with a break above the 101 levels.

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S&P 500 Futures

Monthly – Still looking for the break above the 4200 level. Trade pressures are now up. Volumes closed the month of April as bullish, May volumes are low, so far. The next target down is 3084. A close above 4204 would confirm any weekly move higher.

Weekly – The weekly long at 3998 continues to move higher; a third attempt to move down closed below the prior week’s low. Trade pressures are still up. Volumes remain bullish. The next target up remains 4256. A close below the prior short signal of 4032 would confirm any daily move lower.

Daily – Flat. Now showing lower highs. Trade pressures are down. Volumes are now neutral. The next target up is 4246.  Overbought is now 4159. A break below 4093 would signal lower. The next oversold level is 4049.

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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.

This week’s market moved sideways all week. Portfolio values moved up sharply on the First Solar news to 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 attempting to rally.  Gold had a huge rally then triggered a new short. Silver ignored any correction talk and has broken above the resistance line.

The Crude is bouncing off the second oversold level. Natural gas July contract stopped out a t BE.

The US 30yr Treasury Bond is consolidating but with the trade pressures showing some movement  up.

The US Dollar futures still near a new long entry, but very little  movement.

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S&P 500 Futures

Monthly – Still looking for the break above the 4200 level. Trade pressures are now up. Volumes closed the month of April as bullish. The next target down is 3084. A close above 4204 would confirm any weekly move higher.

Weekly – The weekly long at 3998 continues to move higher; a second attempt to move down also recovered quickly. Trade pressures are up. Volumes are bullish. The next target up remains 4256. A close below 4032 would confirm any daily move lower.

Daily – Flat. In the move up off the 4068 retest of the prior week lows on 5/5. Trade pressures are up. Volumes are now neutral. The next target up is 4246.  Overbought is now 4158. A break below 4068 would signal lower. The next oversold level is 4027.

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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.

This week’s market dropped then rallied higher on Friday. Portfolio values moved up a fraction to approximately $110,000. The Year-to-Date portfolio performance is now up 10%.

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

#emini #spfutures #SP500 #ES

Market Summary:

Copper is oversold.  Gold is in a short trade but not following thru. Silver is also extended and still looking for a correction.

The Crude is bouncing off the oversold level. Natural gas July contract still long. Tight stops.

The US 30yr Treasury Bond stopped out of the long trade.

The US Dollar futures still near a new long entry.

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S&P 500 Futures (June contract)

Monthly – A break above the 4200 level would be of some monthly significance. Trade pressures are now up. Volumes closed the month of April as bullish. The next target down is 3084. A close above 4204 would confirm any weekly move higher.

Weekly – The weekly long at 3998 continues to move higher; attempted a move down but recovered quickly. Trade pressures are up thru the neutral zone. Volumes are bullish. The next target up remains 4256. A close below lower median line at 4160 would confirm any daily move lower.

Daily – Flat. In the move up from 4153 on 4/27. Trade pressures are up. Volumes remain bullish. The next target up is 4259. The close below 4102 took the market down to support below 4100 and then turned higher. Oversold is now 4136. The break above 4153 has signaled a new long with the next target up at 4248. Overbought levels are now 4152.

[5-2-23: The short trade down below 4173 at 9am CST down below the oversold levels at 4126. The next target down is 4076. A close back above 4157 would restart the move up.]

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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.

This week’s market dropped below the 4100 level but quickly recovered. Portfolio values moved down a fraction to approximately $109,000. The Year-to-Date portfolio performance is now up 9%.

Cadence Design Systems (CDNS), Marathon Petroleum (MPC), and Genuine Parts Corp (GPC) will be replaced buy First Solar  (FSLR), Coca Cola FEMSA (KOF), and the return of Quanta Services (PWR) on Monday at the open.

 

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

#emini #spfutures #SP500 #ES

Market Summary:

Copper is short but take profits in the rollover.  Gold is at support. Silver is extended and looking for a correction.

The Crude is now a short. Natural gas July contract still long. Tight stops.

The US 30yr Treasury Bond June contract now a long.

The US Dollar futures now neutral but still near a new long entry.

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S&P 500 Futures (June contract)

Monthly – A break above the 4200 level would be of some monthly significance. Trade pressures are rising out of the neutral zone. Volumes closed the month of March as neutral. The next target down is 3084. A close above 4204 would confirm any weekly move higher.

Weekly – The weekly long at 3998 continues to move higher, grudgingly, in a back and filling mode. Trade pressures are up thru the neutral zone. Volumes are bullish. The next target up is 4256. A close below lower median line at 4127 would confirm any daily move lower.

Daily – Flat. In the move up from 3944 on 3/17. Trade pressures remain up but have turned down. Volumes remain bullish. The next target up is 4259. Overbought is 4174. A close below 4102 would signal lower. Oversold is 4019 and still looking for a pullback to near that 4000 level.

[4-25-23: ESM23 now short at 4102.]

[4-26-23: Quick drop from 4102 short. Set new SL at the 4102 BE. Profit stop at 3948.]

[4-27-23: Stopped out at 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 2023 year.

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

This week’s market stayed above the 4100 level. Portfolio values moved down a fraction to approximately $110,000. The Year-to-Date portfolio performance is up 10%.

 

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

#emini #spfutures #SP500 #ES

Market Summary:

Copper is short.  Gold is a short. Silver is extended.

The Crude is meeting resistance. Natural gas July contract going into the teens long and rising into the 2.70’s. Tight stops.

The US 30yr Treasury Bond June contract now a short but with a new long nearby.

The US Dollar futures are down but also near a new long entry.

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S&P 500 Futures (June contract)

Monthly – Now testing the February 2022 downtrend resistance. Trade pressures are rising out of the neutral zone. Volumes closed the month of March as neutral. The next target down is 3084. A close above 4204 would confirm any weekly move higher.

Weekly – The weekly reversal to a long at 3998 continues the march higher. Trade pressures are up into the neutral zone. Volumes are bullish. The next target up is 4256. A close below lower median line at 4103 would confirm any daily move lower.

Daily – Flat. In the move up from 3944 on 3/17. Trade pressures remain up. Volumes are bullish. The next target up is 4259. Overbought is 4169. A close below 4082 would signal lower. Oversold is 4001. Still looking for a pullback to near the 4000 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 2023 year.

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

This week’s market stayed above the 4100 level. Portfolio values moved up nicely to above $111,000. The Year-to-Date portfolio performance is up 11%.

[4-03-23: Quanta Services (PWR was replaced by Genuine Parts Company (GPC).]

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

#emini #spfutures #SP500 #ES

Market Summary:

Copper is consolidating at the 4.09 target.  Gold is approaching at overbought levels. Silver at 24 resistance.

The Crude is at upside targets. Natural gas July contract has fallen thru support.

The US 30yr Treasury Bond June contract remains a long but still in consolidation.

The US Dollar futures are now at support, but could fall farther from here.

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S&P 500 Futures (June contract)

Monthly – Five months of neutral volumes suggest accumulation. Trade pressures are rising but still in the neutral zone. Volumes closed the month of March as neutral. The next target down is 3084. A close above 4204 would confirm any weekly move higher.

Weekly – The weekly has reversed to a long after closing above the 3998 long entry. Trade pressures are now down. Volumes are now bullish. The next target up is 4256. A close below the 3939 weekly low would confirm any daily move lower.

Daily – Flat. The new long trade signaled at the 3944 level on 3/17 remains in place. Trade pressures are up five day in this week. Volumes are bullish. The next target up is 4259. Overbought is 4063. A close below the lower median line at 4085 would signal lower. Oversold is 3890.
Looking for a pullback to near the 4000 level after this quarter end.

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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.

This week’s market ended up above the 4100 level. Portfolio values moved up nicely to above $109,000. The Year-to-Date portfolio performance is up 9%.

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

#emini #spfutures #SP500 #ES

Market Summary:

Copper is looking higher.  Gold is approaching new overbought levels. Silver reached the upside target.

The Crude is in a new long trade. Natural gas July contract retracing the move up.

The US 30yr Treasury Bond June contract remains a long but in consolidation.

The US Dollar futures are now a short after the resistance at the 200 day MA.

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S&P 500 Futures (June contract)

Monthly – Still below the February lows. Trade pressures are rising but still in the neutral zone. Volumes closed the month of February as neutral. The next target down is 3084. A close above 4204 would confirm any weekly move higher.

Weekly – The weekly has reversed to a long after closing above the 3998 long entry. Trade pressures are now down. Volumes are now bullish. The next target up is 4256. A close below the 3939 weekly low would confirm any daily move lower.

Daily – Flat. The new long trade signaled at the 3944 level on 3/17 remains in place. Trade pressures are down into the neutral zone.. Volumes are bullish. The next target up is 4049. Overbought is 3999. A close below the lower median line at 3923 would signal lower. Oversold is 3822.
Again, with the two entries close together, wait for a trade pressure bullish reversal in the lower time frames.

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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.

This week’s market ended above the 4000 level. Values vacillated around $104,000. The Year-to-Date portfolio performance is up 4%.

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