#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.]

#emini #spfutures #SP500 #ES

Market Summary:

Copper is looking higher.  Gold is over the overbought levels. Silver is a new long entry.

The Crude is near oversold levels. Natural gas July contract long was stopped out at a gain.

The US 30yr Treasury Bond June contract remains a long but near resistance; expect some consolidation or retracement.

The US Dollar futures are still  retracing after the resistance at the 200 day MA.

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S&P 500 Futures (June contract)

Monthly – 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 short after closing below 4032. Trade pressures are down into the neutral zone. Volumes are now bullish. The next target down remains 3822. A close above 3998 would confirm any daily move higher.

Daily – Long. A new long trade is signaled at the 3944 level on 3/17. Trade pressures are up. Volumes are bullish. The next target up is 4049. Overbought is 3989. A close below 3941 would signal lower. Oversold is 3805. With the two entries close together, wait for a trade pressure bullish reversal in the lower time frames.

[3/19 Long at 3962.] [3/20/23 stopped out in the Asian overnight markets 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.

This week’s market ended attempting to move above the 4000 level. Values vacillated around $102,000. The Year-to-Date portfolio performance remains 2%.

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

#emini #spfutures #SP500 #ES

Market Summary:

Copper is looking lower.  Gold is near the overbought levels. Silver is a new counter-trend long entry.

The Crude oil rally has failed and back near the entry. Natural gas July contract long was stopped out at a gain.

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

The US Dollar futures are retracing after the resistance at the 200 day MA.

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S&P 500 Futures

Monthly – Now 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 3008. A close above 4169 would confirm any weekly move higher.

Weekly – The weekly has reversed to a short after closing below 3997. Trade pressures are down into the neutral zone. Volumes are now bearish. The next target down remains 3787. A close above 4040 would confirm any daily move higher.

Daily – Short. The long trade was stopped out at a breakeven and the close below 4012 signaled a new short entry. Trade pressures have moved to down. Volumes are now bearish. The next target down is 3817.  3891 is the new oversold level. A close back above 3950 would signal higher. 4034 would be the new overbought level. Set the 3950 new long signal as the SL. [3/12/23 Sunday nite stopped out at 3950.]

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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 with a break below the 4000 level. Values move lower to approximately $102,000. The Year-to-Date portfolio performance is now 2%.

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