#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.]

#emini #spfutures #SP500 #ES

Market Summary:

Copper is trending in a sideways channel.  Gold has rallied off the oversold levels. Silver is holding the 20 support level.

Crude oil has rallied of the 76.00 long entry. Natural gas July contract long at 2.90 on 2/24.

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

The US Dollar futures continue moving up, but in a tight range. 105.54 is the overbought level and is also the 200 day MA.

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S&P 500 Futures

Monthly – Now off the December highs. Trade pressures are rising but still in the neutral zone. Volumes closed the month of February as neutral following a neutral January. 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 up but rolling over. Volumes are now neutral. The next target down is 3787. A close above 4084 would confirm any daily move higher.

Daily – Long. The close above 4106 triggered the new long entry on Friday. Trade pressures have moved from down to up. Volumes are now bullish. The next target up is 4128. 4060 is the overbought level: so SL at the entry. A close below 4012 would signal lower.  3913 is an expected oversold 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 ended with a successful close above the 4000 level. The recent changes to the portfolio helped values move higher to approximately $104,000. The Year-to-Date portfolio performance is now 4%.

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

#emini #spfutures #SP500 #ES

Market Summary:

Copper is in a sharp move down to near oversold levels. .  Both gold and silver continue to be in oversold territory. Watching  the 10yr and the dollar.

Crude oil looks lower. Natural gas looks higher on the July contract.

The US 30yr Treasury Bond June contract is a short, but near oversold levels.

The US Dollar futures continue moving up, but in a tight range. 104.97 is the overbought level.

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S&P 500 Futures

Monthly – Holding near the December highs. Trade pressures are rising but still in the neutral zone. Volumes closed the month of January 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 up but rolling over. Volumes remain bullish. The next target down is 3787. A close above 4106 would confirm any daily move higher.

Daily – Flat. The close below 4137 triggered the short and it is still active. Trade pressures have moved from neutral to down. Volumes are now bearish. Met the 4012 target and 3793 is the next target down. 3949 is the oversold level. A close above 4106 would signal higher.  4095 is an expected overbought 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 ended with a successful close below the 4000 level. The energy related portfolio value moves down another 1% to approximately $102,000. The Year-to-Date portfolio performance is now 2%.

Occidental (OXY) and Valero (VLO) will be replaced by Cadence (CDNS) and Novo Nordisk (NVO) at the next market opening.

 

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

 

#emini #spfutures #SP500 #ES

Market Summary:

Copper is in a rally to the overbought level.  Both gold and silver have moved to oversold, look for new long entries.

Crude oil breaks support. Natural gas remains near the downside targets and is over sold, but trade pressures failed after consolidation.

The US 30yr Treasury Bond now a new short with ten year yields rising, but 30yr is showing bullish volumes.

The US Dollar futures continue moving up, but in a tight range. 104.81 is the overbought level.

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S&P 500 Futures

Monthly – Holding near the December highs. Trade pressures are rising but still in the neutral zone. Volumes closed the month of January as neutral. The next target down is 3008. A close above 4169 would confirm any weekly move higher.

Weekly – In the weekly move up from the 3941 long entry. Trade pressures are up. Volumes remain bullish. Met the 4188 target up and is retracing. A close below 4009 would confirm any daily move lower.

Daily – Flat. The close below 4137 triggered the short and it is still active. Trade pressures have moved from neutral to down. Volumes are now bearish. The next target down is still 4012 and 3981 is the oversold level. The back-test of the broken downtrend line, now around 4057, is complete. Expect some consolidation and retracement. Looking for a new entry. A close above 4110 would signal higher.  4172 is the expected overbought 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 ended with another attempt to close below the 4000 level. The energy related portfolio value moves down 1% to approximately $103,000. The Year-to-Date portfolio performance is now 3%.

#emini #spfutures #SP500 #ES

Market Summary:

Copper is holding at the oversold level. Both gold and silver pressured by the rise in rates.

Crude oil breaks short term resistance and rallies to resistance. Natural gas remains near the downside targets and is over sold, but trade pressures are rising.

The US 30yr Treasury Bond resistance held at the 200 day, near a new short entry.

The US Dollar futures continue moving up. 104.26 is the overbought level.

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S&P 500 Futures

Monthly – Holding near the December highs. Trade pressures are rising but still in the neutral zone. Volumes closed the month of January as neutral. The next target down is 3008. A close above 4169 would confirm any weekly move higher.

Weekly – In the weekly move up from the 3941 long entry. Trade pressures are up. Volumes remain bullish. The next target up is 4188. A close below 4009 would confirm any daily move lower.

Daily – Short. the close below 4137 triggered the short. Trade pressures have moved from up back to neutral. Volumes are now bearish. The next target down is 4012 and 3961 is the oversold level. Still expecting a back-test of the broken downtrend line around 4001. A close above 4111 would signal higher. (Use this as the SL). 4178 is the expected overbought level.

[2/13/23: AM. Stopped out at the 4111 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 ended with an attempt to close below the 4000 level. The energy related portfolio value move up 4% to approximately $104,000. The Year-to-Date portfolio performance is now 4%.

 

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

#emini #spfutures #SP500 #ES

Market Summary:

Copper is now lower. Both gold and silver break lower.

Crude oil breaks support line. Natural gas remains near the downside targets and is over sold.

The US 30yr Treasury Bond is consolidating just below the 200 day MA.

The US Dollar futures are now moving up. 101.01 is the oversold level.

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S&P 500 Futures

Monthly – Now above the close of the December month’s bar. Trade pressures are down but rising into the neutral zone. Volumes closed the month of January as neutral. The next target down remans the 3008 level. A close above the 4169 level would confirm any weekly move higher.

Weekly – In the weekly move up from the 3941 long entry. Trade pressures are up. Volumes are now bullish. The next target up is 4188. A close below 4089 would confirm any daily move lower.

Daily – Flat. Out of the move up at 4195 Feb 2nd. Trade pressures have moved from neutral to up. Volumes are now neutral. The next target up 4435. 4203 is the overbought level. Should expect at back-test of the broken downtrend line around 4025. A close below 4137 would signal lower. 3953 is the expected oversold 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 ended with an attempt to close above the 4200 level. The energy related portfolio value move down 5% to approximately $100,000. The Year-to-Date portfolio performance is now 0%.

 

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

#emini #spfutures #SP500 #ES

Market Summary:

Copper consolidating. Gold is in retracement at 1931, after oversold levels are reached. Silver is still consolidating near a lower high.

Crude oil is in a second attempt to move higher but is in a new retracement. Natural gas remains near the downside targets and is over sold.

The US 30yr Treasury Bond is rejecting the attempt to short but is stalled below the 200 day MA.

The US Dollar futures are oversold and remain stalled at the 101.64 target. 101.61 is the oversold level.

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S&P 500 Futures

Monthly – Inside the range of the December month’s bar. Trade pressures are down but rising into the neutral zone. Volumes closed the month of December as neutral. The next target down remans the 3008 level. A close above the 4169 level would confirm any weekly move higher.

Weekly – In the weekly move up from the 3941 long entry. Trade pressures are up. Volumes are now neutral on very low volumes. The next target up is 4112. A close below 3858 would confirm any daily move lower.

Daily – Long. In the move up from the 3941 long entry on Jan 10. Trade pressures have moved from neutral to up. Volumes are bullish. Price is above the January 2022 downtrend line. The next target up is 4112, then 4188. 4073 is the overbought level. Should expect at back-test of the broken downtrend line around 4025. A close below 3960 would signal lower. 3875 is the expected oversold level.

[2-1-23: Fed day. Raise SL to 4011.]

[2-2-23: Close the long trade at 4195.]

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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 an attempt to close above the 2022 downtrend line. The portfolio value move up to approximately $105,000. The Year-to-Date portfolio performance is now up 5%.

On Monday at the open, Conoco (COP) and Marathon oil (MRO) will be replaced by Lamb-Weston (LW) and Quanta Services (PWR).

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

#emini #spfutures #SP500 #ES

Market Summary:

Copper and gold breakouts continue, but oversold levels are reached. Silver is still showing a lower high.

Crude oil is in a second attempt to move higher but is over bought. Natural gas remains near the downside targets and is over sold.

The US 30yr Treasury Bond is rejecting the attempt to short but is stalled at the 200 day MA..

The US Dollar futures are oversold and at the 101.64 target. 101.61 is the oversold level.

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S&P 500 Futures_

Monthly –  Remains in the consolidation Trade pressures are up. Volumes closed the month of December as neutral. The next target down is the 3008 level. A close above 4169 would confirm any weekly move higher.

Weekly – In the new move up from the 3957 entry. Trade pressures are rising in the neutral zone. Volumes are are bullish. The next target up is 4128. A close below 3804 would confirm any daily move lower.

Daily – Long. In the 1/11/23 move up from 3941. Experiencing a retracement inside the move up. Trade pressures are down into the neutral zone. Volumes are now neutral. Price now above the oversold level of 4009. A close below the mid-week lows would signal lower. Use 3960 as the SL and possible short entry. Expected oversold levels are 3809.

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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 an attempt to close above the 2022 downtrend line. The portfolio value move up to approximately $104,000. The Year-to-Date portfolio performance is now up 4%.

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

#emini #spfutures #SP500 #ES

Market Summary:

Copper and gold are in breakouts to the upside. Silver is developing a lower high.

Crude oil is in a second attempt to move higher. Natural gas is near the downside targets and is over sold.

The US 30yr Treasury Bond is rejecting the attempt to short.

The US Dollar futures are oversold and near the 101.65 target.

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S&P 500 Futures_

Monthly – Now in the third month of consolidation. Trade pressures are down but rising. Volumes closed the month of December as neutral. The next target down is 3008. A close above 4169 would confirm any weekly move higher.

Weekly – The lower median line held as support at 3800. Trade pressures remain in the neutral zone. Volumes are now bullish. The next target up is 3957. A close below 3804 would confirm any daily move lower.

Daily – Long. In the move up from 3941 on 1-11-23. Trade pressures are up. Volumes are bullish. The next target up is 4112. A close below 3950 would signal lower. Use this as the SL.

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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 an attempt to close above the 2022 downtrend line. The portfolio value move up to approximately $101,000. The Year-to-Date portfolio performance is now up 1%.

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