S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Summary:

Copper attempted higher, now retesting the 4.00 support.  Gold in retracement down, needs to hold support here. Silver triggers new long and fails.

Crude’s move down reverses.  Natural Gas held 3.00 support, rallies to the 200 day MA and retraces.

The US 30yr Treasury Bond falls back.

The US Dollar now a long. The 10yr yields rise to 4.37%, near the 4.35% overbought expectations.

_________________

S&P 500 Futures   #ESH25

Monthly –Monthly bar closes higher. Trade pressures remain up. Volumes closed the month of November as bullish.  The 6019 target was touched and did provide resistance, briefly. The next target up is 6602.  A break below 5844 would confirm any weekly move lower. The next target down then would be 5844.

Weekly – The weekly has a lower close.  Trade pressures remain up and rising. Volumes remain bullish.  The 6127 target has been met.  A close below 6040 would confirm any daily move lower.

Daily – Flat. Meeting resistance at the upper trendline, creating a lower high. Trade pressures are up but declining sharply to the neutral zone.  Volumes are bearish.
The next target down is 6030 and would be a short entry.
A close above 6139 would signal higher and then the next target up would be 6266.
The expected oversold level rises to 6006.
The expected overbought level declines to 6112.
___________________

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 2024 year.

These Navellier Top 5 portfolio stocks closed:
down 35% for the 2022 Year.
up 17% for the 2023 Year.

Portfolio stock values for 2024. 
The portfolio value declines to $148,000.
The Year-to-Date portfolio performance is  up 48%.

[The author may be long or short any of these issues mentioned],

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXH25

Weekly –  In the new October 2024 uptrend.  Trade pressures remain up but are turning down. Volumes is now bullish.

Daily – Long. The close above 106.09 on 12/10 triggered the long trade. Trade pressures are up.  Volumes are bullish.

The next target up is 107.52. The expected overbought level declines to 107.11.

A close below 106.40 would signal lower. The expected oversold levels rise to 105.94.

 

US30YR T-BOND_ USH25

Weekly – In a new October 2024 downtrend.  Trade pressures rises just above the neutral zone.  Volumes are bearish.

Daily  – Flat. In the  move down from the 119-17 close on 12/09. Trade pressures are down.  Volumes are bearish.

The next target down is 115-22. Oversold levels are 116-28.

A close above 117-16 would signal higher. Overbought levels are 118-13

[The 10yr yield oversold level rises to 4.14%.
Higher inflation expectations continue thru 1Q25 and 2Q25.]

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLF25

Weekly – In the September 2024 downtrend. Trade pressures are now up. Volumes are bullish.

Daily – Long. The first move up failed but a new close up on 12/13 above 69.84 . The close below the Sept trendline of the recent lows confirms the new short from 69.94 on 12-6.  Trade pressures are down. Volumes are bearish.

The next target up is 73.72 . The expected overbought levels rise to 71.06.

A close below 70.53 would signal lower. Use this as the SL. The expected oversold level rises to 67.24.

 

NAT GAS_ NGF25

Weekly – Remains in the July 2024 downtrend. Trade pressures are down into the neutral zone.  Volumes are bullish.

Daily – Flat.  In the move down from the second touch of the 200 day MA at 3.51. Trade pressures are up.  Volumes remain bearish.

The next target down is 3.19. The expected oversold level rises to 3.10.

A close above 3.34 signals higher. The expected overbought level declines to 3.51.

[Set a SL for the short at 3.34]

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGH25

Weekly – In the September 2024 uptrend; still testing support. Trade pressures are down but rising to the neutral zone. Volumes remain bearish.

Daily – Flat. Higher highs and higher lows since 11/4. Trade pressures are down.  Volumes are bearish.

A close above 4.26 would still signal higher. The expected overbought levels have risen to 4.25.

A close below 4.09 would signal lower. The expected oversold levels rise to 4.11.

 

GOLD_ GCG25

Weekly – In the December 2023 uptrend.  Trade pressures break support.  Volumes are now bearish.

Daily – Flat, Still in the move down from the 2683 level but inside a longer up move . Trade pressures are down.  Volumes remain bearish.

At 2665 support. The expected oversold level rises to 2627.

A close above 2688 would signal higher. The expected overbought level rises to 2755.

 

SILVER_ SIH25

Weekly – Still in the December 2023 uptrend but has turned down. Support at 28.00. Trade pressures are rising into the neural zone.  Volumes are again bearish.

Daily – Flat. Retesting the rally off the low at the May Median line on 11/29 at 30.09. Trade pressures are down.  Volumes are bearish.

The next target down is 30.39. Oversold levels are 29.39.

A close above 31.56 would signal higher. Overbought levels are 32.48.

 

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Summary:

Copper retested the 4.00 support twice, looking higher.  Gold creates a lower high and is now in retracement down. Silver moves up in a  lackluster fashion.

Crude in a new move down.  Natural Gas could test $3 support.

The US 30yr Treasury Bond is now in a long trade.

The US Dollar now a short.

The 10yr yields are 4.15%, near the 4.10% oversold expectations.

_________________

S&P 500 Futures   #ESZ24

Monthly –Monthly bar closes higher. Trade pressures remain up. Volumes closed the month of November as bullish.  The 6019 target was touched and did provide resistance, briefly. The next target up is 6602.  A break below 5800 would confirm any weekly move lower. The next target down then would be 5452.

Weekly – The weekly has a higher close.  Trade pressures are up and rising. Volumes remain low, but bullish.  The 6057 target has been met.  A close below 5978 would confirm any daily move lower.

Daily – Flat. In a new move up from 5934 on 11/19. Can’t chase this, wait until the next pullback. Trade pressures are up.  Volumes are bullish.  The trendline of the July-November highs is acting as resistance. It has been tested three times now. It may start a correction.
The next target up is 6161. The expected overbought level rises to 6114.
The next target down is 5969 and would be a short entry. The expected oversold level rises to 5950.

___________________

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 2024 year.

These Navellier Top 5 portfolio stocks closed:
down 35% for the 2022 Year.
up 17% for the 2023 Year.

Portfolio stock values for 2024.  The portfolio value declines  to $153,000.
The Year-to-Date portfolio performance is  up 53%.

Guidewire Software (GWRE) and Sprouts Farmers Market (SFM) replaced Allstate Insurance (ALL) and Coca-Cola Consolidated (COKE) on 12-6-24.

[The author may be long or short any of these issues mentioned],

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXZ24

Weekly –  In the new October 2024 uptrend.  Trade pressures remain up but are turning down. Volumes is now neutral.

Daily – Short. The close below 106.37 on 11/27 triggered the short trade. Trade pressures are down.  Volumes are bearish.

The next target down is 104.61. The expected oversold levels declines to 105.40.

A close above 106.09 would signal higher The expected overbought level declines to 107.50.

 

US30YR T-BOND_ USH25

Weekly – In a new October 2024 downtrend.  Trade pressures rise to the neutral zone.  Volumes are bullish.

Daily  – Long. In the  move up from the 115-15 low on 11-18 and the subsequent close above 116-25 on 11/25. Trade pressures are now up.  Volumes are now bullish.

The next target up is 122-24. Overbought levels are 126-17.

A close below 119-17 would signal lower. Oversold levels are 118-09.

[The 10yr yield oversold level declines to 4.10%. Inflation expectations still rise thru 1Q25 and 2Q25.]

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLF25

Weekly – In the September 2024 downtrend. Trade pressures are down. Volumes remain bearish.

Daily – Flat. The move up failed. The close below the Sept trendline of the recent lows confirms the new short from 69.94 on 12-6.  Trade pressures are down. Volumes are bearish.

The next target down is 65.50. The expected oversold level declines slightly to 66.92.

The close above 68.05 signals higher. The expected overbought levels decline to 70.90.

[SL at the BE, 69.94.]

 

NAT GAS_ NGF25

Weekly – In the July 2024 downtrend. Trade pressures are up.  Volumes remain bearish.

Daily – Flat.  In the move down from the 200 day MA at 3.57. Trade pressures are down.  Volumes remain bearish.

The next target down is 2.83. The expected oversold level rises to 2.92.

A close above 3.12 signals higher. The expected overbought level rises to 3.57.

 

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGH25

Weekly – In the September 2024 uptrend; still testing support. Trade pressures are down. Volumes remain bearish.

Daily – Flat. Now basing with two touches of the support level at 4.05. Trade pressures are up  Volumes remain neutral.

A close above 4.26 would signal higher. The expected overbought levels have declined to 4.25.

A close below 4.05 would signal lower. The expected oversold levels rise to 4.05.
Look for a new long entry at the 4.27 level.

 

GOLD_ GCG25

Weekly – In the December 2023 uptrend.  Trade pressures break support.  Volumes are now bearish.

Daily – Flat, in the move down form the 2683 level on 11/25 (no trade, holiday week). Trade pressures are down.  Volumes are bearish.

The next target down is 2639. The expected oversold level rises to 2599.

A close above 2667 would signal higher. The expected overbought level declines to 2713.

 

SILVER_ SIH25

Weekly – Still in the December 2023 uptrend but has turned down.  Trade pressures are down but rising.  Volumes are neutral.

Daily – Flat. Off the low at the May Median line on 11/29 at 30.09. Trade pressures are up.  Volumes are bullish.

The next target up is 32.12. Overbought levels are 34.41.

A close below 30.58 would signal lower. Oversold levels are 29.37.

 

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Summary:

Copper retesting the 4.00 support.  Gold vaults out of the bull flag. Silver moves up and out of it’s bull flag.

Crude in a new move up.  Natural Gas rally sells off hard.

The US 30yr Treasury Bond is basing; still looking for a long trade entry.

The US Dollar up near overbought levels.

The 10yr yields are 4.41%.

_________________

S&P 500 Futures   #ESZ24

Monthly –Monthly bar closes higher, but again off the highs. Trade pressures remain up. Volumes closed the month of October as bullish.  The 6019 target was touched and did provide resistance.  A break below 5742 would confirm any weekly move lower. The next target down then would be 5395.

Weekly – The weekly has a higher close.  Trade pressures are up and rising. Volumes remain low, but now bullish.  The next target up 6057 has been met.  A close below 5912 would confirm any daily move lower.

Daily – Flat. In a new move up from 5934 on 11/19. Trade pressures are up.  Volumes are bullish.

The next target up is 6013. The expected overbought level declines to 6034.

The next target down is 5943 and would be a short entry. The expected oversold level rises to 5865.

___________________

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 2024 year.

These Navellier portfolio stocks closed:
down 35% for the 2022 Year.
up 17% for the 2023 Year.

Portfolio stock values for 2024.  The portfolio value rises to $157,000.
The Year-to-Date portfolio performance is  up 57%.

Guidewire Software (GWRE) and Sprouts Farmers Market (SFM) replaced Allstate  (ALL) and Coke Industries (COKE) last week.

[The author may be long or short any of these issues mentioned],

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXZ24

Weekly –  In the new October 2024 uptrend.  Trade pressures remain up. Volumes remain bullish.

Daily – Long. Rally is looking toppy. Trade pressures remain up.  Volumes remain bullish.

The next target up is 107.90 which was touched briefly.  The expected overbought level rises to 107.74.

The break below the 106.75 signals lower. The expected oversold levels rises to 105.59.

 

US30YR T-BOND_ USZ24

Weekly – In a new October 2024 downtrend.  Trade pressures remain down.  Volumes remain bearish.

Daily  – Flat. In the  move down from 119-27 on 10/21. Trade pressures are now down.  Volumes are now bearish.

Retesting  the downside target of 115-25. Oversold levels are 114-31.

A close above 116-25 would signal higher with a bull flag  breakout at. Overbought levels are 117-23.

[The 10yr yield overbought level declines to 4.41%. Inflation expectations still rise thru 1Q25 and 2Q25.]