#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.

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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.]

#emini #spfutures #SP500 #ES

Market Summary:

Copper is a long trade.  Gold and Silver should rise with the new inflation fears.

The Crude met resistance at the 200 day MA. Natural gas rises.

The US 30yr Treasury Bond long restarts, but ten year yields rise on the renewed inflation fears.

The US Dollar futures are now long after retracement, and responding to the rising rates.

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S&P 500 Futures (Sept contract)

Monthly – A close at new highs at 4590. Trade pressures remain up. Volumes closed the month of June as bullish. The next target up is 4961. A close below 4279 would confirm any weekly move lower.

Weekly – The weekly has turned to a long as the 4512 entry is triggered. Trade pressures are still up. Volumes remain bullish. The 4558 target up is offering resistance. A close below 4407 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 4575; but the breakout continues.

A new short entry is nearby at 4508. A retracement target down is 4467 could afford a buy of the dip. The expected oversold level is now 4360. Tight stops.

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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 unchanged at approximately $118,000. The Year-to-Date portfolio performance is now up 18%.

 

[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 at resistance, did not move with silver. Silver has a big move up.

The Crude met resistance at the 200 day MA. Natural gas falls further.

The US 30yr Treasury Bond long restarts.

The US Dollar futures are short, but now at targets so expect some retracement.

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S&P 500 Futures (Sept contract)

Monthly – A close at new highs at 4536. Trade pressures remain up. Volumes closed the month of June as bullish. The next target up is 4961. A close below 4249 would confirm any weekly move lower.

Weekly – The weekly has turned to a long as the 4512 entry is triggered. Trade pressures are still up. Volumes remain bullish. The next target up is 4673. A close below 4378 is needed to confirm any daily move lower.

Daily – Long, from the 4428 long signal off the march lows on 7/11.  Trade pressures are up. Volumes are now bearish at the end of the week. A break above 4441 did confirm the 4428 signal higher with the next target up at 4700. In overbought territory at 4561 but the breakout continues.

A new short entry is nearby at 4532. A retracement target down is 4473 could afford a buy of the dip. The expected oversold level is 4365. Tight stops.

___________________

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 $118,000 with the move in the SuperMicro (SMCI). The Year-to-Date portfolio performance is now up 18%.

 

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

#emini #spfutures #SP500 #ES

Market Summary:

Copper a new long trade.  Gold appears to be basing. Silver a new long also.

The Crude is in the move up. Natural rally fails; european storage is reported to be near capacity.

The US 30yr Treasury Bond long trade fails.

The US Dollar futures are short continues to work lower.

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S&P 500 Futures (Sept contract)

Monthly – A close remaining near the highs at 4434. Trade pressures remain up. Volumes closed the month of June as bullish. The next target up is 4961. A close below 4183 would confirm any weekly move lower.

Weekly – The weekly short is still active. Trade pressures are still up. Volumes remain bullish. The next target down remains at 4368. A close above 4512 is needed to confirm any daily move higher.

Daily – Flat. An irregular double top bears watching. Trade pressures are down. Volumes are bearish. A break above 4428 did signal higher with the next target up at 4700. However, the next overbought is 4466, so expect some retracement.

And now a new short entry is nearby at 4397. The expected oversold level is 4306.

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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 $113,000. The Year-to-Date portfolio performance is now up 13%.

 

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

#emini #spfutures #SP500 #ES

Market Summary:

Copper testing support.  Gold stopped out, looking for new long. Silver near support, probably one more move down.

The Crude is in the move up. Natural gas rallies again after correction.

The US 30yr Treasury Bond long trade is still testing the upper median line.

The US Dollar futures are short for the second time.

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S&P 500 Futures (Sept contract)

Monthly – A close on the highs at 4488. Trade pressures remain up. Volumes closed the month of June as bullish. The next target up is 4961. A close below 4183 would confirm any weekly move lower.

Weekly – The weekly short is in jeopardy with a closing high above the two prior weeks. Trade pressures are still up. Volumes remain bullish. The next target down is 4368. A close above 4512 would confirm any daily move higher.

Daily – Flat. The move up after the BE on the short trade has met the 4473 target. Trade pressures are neutral. Volumes are bullish. A break above 4428 did signal higher. The next target up is 4700.  The next overbought is 4425.

The ramp up into the Quarter end may see some profit taking. A close below 4466 would signal lower. Oversold is now expected at 4307.

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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 remained at approximately $114,000. The Year-to-Date portfolio performance is now up 14%.

On Monday, First Solar (FLSR) and Novo-Nordisk (NVO) will be replaced with Builders First Source (BLDR) and SuperMicro (SMCI).

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