US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXU23

Weekly –  In the new September 2023 uptrend. Trade pressures are up. Volumes remain bullish.

Daily – Long. In the move up from the long signal at 100.26 on 7/27.  Trade pressure remains up. Volumes are now bullish.

The next target up is 106.79. The overbought levels are 105.71.

A close below 103.87 would signal lower. The expected oversold levels are now 102.96.

 

US30YR T-BOND_ USZ23

Weekly – In the October 2021 downtrend and moving down and away from upside resistance. Trade pressures are down. Volumes remain bearish.

Daily  – Long. In consolidation lower after the long signal. Trade pressures are up. Volumes remain bearish.

Look for a pullback to enter a long trade around the oversold levels. The next target up is 123-20.  Expected overbought levels are 122-010.

A close below 118-06 would signal lower. The next target down is 117-10. Expected oversold levels are 117-10.

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLV23

Weekly – In a new August 2023 uptrend. Trade pressures are up. Volumes remain bullish.

Daily – Flat. In the second leg up from the 81.85 long entry on 8/31. Trade pressures are up and trending.  Volumes  remain bullish.

The next target up is 88.69.  The overbought levels are now 89.57. Support is at 79.99.

A close below 79.99 would signal lower. The expected oversold levels are 81.80.

 

NAT GAS_ NGV23

Weekly – In the December 2022 downtrend; holding at long term support. Trade pressures are up into the neutral zone. Volumes are now bearish.

Daily – Flat. The new uptrend off the 2.50 triggered a new long at 2.58 on 9/7.  Trade pressures are up into the neutral zone. Volumes re neutral.

The next target up is 2.66. The expected overbought level is 2.86.

A close below 2.55 would signal lower. The expected oversold level is 2.42.

[The average daily range is moderating. Still too much volatility; stops won’t work.  Stay Away.]

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGZ23

Weekly – In the May 2023 downtrend. Trade pressures are up into the neutral zone. Volumes are now bearish.

Daily – Flat. Now in the move down from the 9/6 break down from the consolidation area at 3.79.  Trade pressures are down. Volumes remain bearish.

Got a pull back to 3.74. then breaks below that level. The expected oversold levels are 3.70. The next target down is 3.66.

A close above 3.89 would signal higher. Expected overbought levels are now 3.87.

 

GOLD_ GCZ23

Weekly – In the new August 2023 downtrend, breaking the support levels. Trade pressures are still up into the neutral zone. Volumes remain bearish.

Daily – Flat. The 200 day MA at 1980 acted as resistance. Trade pressures are down. Volumes remain bearish.

A break down of the LML at 1937 would signal lower. The next target down is 1927, then 1903. The expected oversold levels are the lower lows of 1913.

Need a close above 1953 to enter a new long trade. The expected overbought levels are 1972.

 

SILVER_ SIZ23

Weekly – In the April 2023 uptrend. Trade pressures are now testing the neutral zone. Volumes are now bearish.

Daily – Flat. In the move down from the median line touch at 25.33. Trade pressures are down. Volumes are bearish.

The close below 23.88 signaled lower. The next target down is 22.78, the August 2022 trendline. Oversold levels are expected at 21.27.

Need a close above 23.83 to signal higher. The next target up would be 24.53.  Overbought levels are 26.66.

 

S&P 500 Futures

#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.

_________________

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.

___________________

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.]

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXU23

Weekly –  In the November 2022 downtrend and still testing the upside resistance. Trade pressures are up. Volumes remain bullish.

Daily – Long. In the move up from the long signal at 100.26 on 7/27.  Trade pressure remains up. Volumes are now bearish.

The next target up is 104.38. The overbought levels are 104.23.

A close below 103.12 would signal lower. The expected oversold levels are now 102.91.

 

US30YR T-BOND_ USU23

Weekly – In the October 2021 downtrend and moving down and away from upside resistance. Trade pressures are down. Volumes remain bearish.

Daily  – Long. A bounce off the 117-18 lows rallied thru the long entry at 120-22  to 122-01, then sold off hard on Friday. Trade pressures are down. Volumes are bearish.

Look for a pullback to enter the long trade around 118-10. The next target up is 123-20.  Expected overbought levels are 121-09.

A close below 118-06 would signal lower. The next target down is 117-10. Expected oversold levels are 117-11.

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLV23

Weekly – In a new August 2023 uptrend. Trade pressures are up. Volumes remain bullish.

Daily – Flat. In the longer term move up from 73 on 7/11. Trade pressures are up.  Volumes are remain bullish.

The next target up is 90.59.  The overbought levels are now 85.25. Support is at 76.07.

Got the new buy on a pullback to 77.50. A close above 80.88 signaled higher. The next overbought level is 83.26.

A close below 77.50 would signal lower. The expected oversold levels are 79.18.

 

NAT GAS_ NGV23

Weekly – In the December 2022 downtrend; holding at long term support. Trade pressures are up into the neutral zone. Volumes are now bullish.

Daily – Flat. The uptrend is testing the support at 2.73.  Trade pressures are up. Volumes remain bearish.

The next target up is 2.82. The expected overbought level is 2.94.

A close below 2.71 would signal lower. The expected oversold level is 2.52.

[The average daily range is moderating. Still too much volatility; stops won’t work.  Stay Away.]

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGU23

Weekly – In the May 2023 downtrend. Trade pressures are down. Volumes are now neutral.

Daily – Flat. In the move up from the 3.74 trigger on 8-22.  Trade pressures are up. Volumes are now bearish.

Still waiting for a pull back to 3.73.The expected overbought levels remain 3.90.

a breakdown below 3.82 would signal lower. Oversold levels are now 3.68. The next target down would be 3.78.

 

GOLD_ GCZ23

Weekly – In the new August 2023 downtrend, breaking the support levels. Trade pressures are up into the neutral zone. Volumes remain bearish.

Daily – Flat. up against the 200 day MA at 1980. Trade pressures are up. But volumes are bearish.

The next target down is 1927. The expected oversold levels are at higher lows at 1928.

This pullback to 1927 might be a good time to enter a new long trade. The expected overbought levels are 1974.

 

SILVER_ SIU23

Weekly – In the April 2023 uptrend. Trade pressures are now up. Volumes are now nwutral.

Daily – Flat. In the move up from the close above the 22.83 signal. Trade pressures are up. Volumes are bullish.

At 25.31 median line resistance. The next target up is 25.76.  Overbought levels are 26.70.

A close below 23.54 would signal lower. Oversold levels are expected at 21.27.

S&P 500 Futures

#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.

_________________

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.]

___________________

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.]

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXU23

Weekly –  In the November 2022 downtrend and still testing the upside resistance. Trade pressures are up. Volumes are now bullish.

Daily – Long. In the move up from the long signal at 100.26 on 7/27.  Trade pressure remains up. Volumes are now bearish.

The next target up is 104.25. The expected overbought levels are 104.25.

A close below 103.35 would signal lower. The expected oversold levels are now 102.70.

 

US30YR T-BOND_ USU23

Weekly – In the October 2021 downtrend and moving down and away from upside resistance. Trade pressures are down. Volumes remain bearish.

Daily  – Flat. A bounce off the 117-18 lows. Trade pressures are up. Volumes are bullish.

In the move up from 118-24 on 8/23.   Expected overbought levels are 121-08.

A close below 119-06 would signal lower. The next target down is 117-10. Expected oversold levels are 116.16.

 

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLV23

Weekly – In a new August 2023 uptrend. Trade pressures are up. Volumes remain bullish.

Daily – Flat. The 79.42 short entry on 8-18 was stopped out for a loss on 8-20. Trade pressures are down, but rising. Volumes are now bullish.

The next target down is 74.45.  The expected oversold levels are now 78.01. Support at 77.50.

Watching for a new buy on a pullback. A close above 80.88 would signal higher. The next overbought level is 83.26.

 

NAT GAS_ NGV23

Weekly – In the December 2022 downtrend; holding at long term support. Trade pressures are down again. Volumes are now neutral.

Daily – Flat. The move down from 2.90 has now changed to an uptrend.  Trade pressures are down but rising. Volumes remain bearish.

The next target up is 2.87. The expected overbought level is 2.81.

A close below 2.56 would signal lower. The expected oversold level is 2.42.

[The average daily range is moderating. Still too much volatility; stops won’t work.  Stay Away.]