US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXH24

Weekly –  Remains in the new December downtrend, but testing resistance.  Trade pressures are up. Volumes remain bullish.

Daily – Flat.  Continues with a second leg up from 102.36 on 1/16.  Trade pressures are now up.  Volumes are bullish.

In a small bull flag The next target up is 104-31.  104.71 is the over-bot level.

A close below 103.17 would signal lower.  The expected oversold levels are 103.13.

 

US30YR T-BOND_ USH24

Weekly – In the new December 2023 uptrend.  Trade pressures remain are down.  Volumes are bearish.

Daily  – Flat. No follow thru of the breakout; near the oversold levels. Watch the 10yr yields.  Trade pressures are down. Volumes are bearish.

The next target down is 118-31 and would be a new short entry.  Oversold levels remain 115-09.

A close above 120-30 would resume the move higher.  The next target up is 122-28.

[2-13-24: Short at 118-31. Set the SL at 119-23. TP at 117-26.]

[2-14-24: Profit stop met in the first hour.]

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLH24

Weekly – Still in the December 2023 downtrend. Trade pressures are up. Volumes are now bullish.

Daily – Long. The break out on 2/8 at 73.62.  Trade pressures are now up.  Volumes are bullish.

The next target up is the 120ML at 78.93.  The expected over-bot level is 75.83.

A close below 71.93 would signal higher.  The expected oversold levels are 70.60.

[2-8-24: Take profits at 78.72. Raise SL to 74.79.]

[2-13-24: Raise SL to 76.68.]

[2-14-24: Profit stop met in the first hour.]

 

NAT GAS_ NGH24

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

Daily – Flat. in the downtrend from 2.60 on 1/16.  Trade pressures are down.  Volumes remain bearish.

The next target down is a break below 2.03 to the 1.74 downside target.  The expected oversold level would be 1.90.

A close above  1.90 would signal higher.   The expected overbought level is 2.25.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGH24

Weekly – Remains in the December 2023 uptrend. Trade pressures are up but declining. Volumes remain bearish.

Daily – Flat. now in a downward channel.  Trade pressures are down.  Volumes remain bearish.

The next target down is 3.64.  The expected oversold levels are 3.68.

A close above 3.73 would signal higher. The expected overbought levels are 3.90.

 

GOLD_ GCJ24

Weekly – In the December 2023 uptrend.  Trade pressures are in the neutral zone.  Volumes remain bearish.

Daily – Flat. Out of the downward channel and backtesting the breakout.  Trade pressures are down.  Volumes remain bearish.

the next target up is 2079. The expected overbought level is 2082.

A failure at below 2029 would signal lower.  The expected oversold level is 2014.

US dollar remains in an uptrend but facing resistance.

[2-13-24: Inflation surprises to the upside. 10yr yields up, Dollar up, Gold down.]

 

SILVER_ SIH24

Weekly – In the December uptrend, but down near support.  Trade pressures are down but rising toward the neutral zone.  Volumes remain bearish.

Daily – Flat. has traded above the Dec trend line and is now back testing.  Trade pressures are down.  Volumes are now bearish.

The next target up is the 23.71 long entry.  Overbought levels are 26.34.

A close below the LML at 22.32 would resume the downtrend.  Oversold levels are 21.62.

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Summary:

Copper long is stopped out.  Gold breaks out of channel, now retesting.  Silver pulls back to retest the breakout.

The Crude long entry fails at 78..  Natural gas remains in the downtrend, needs 2.10 to get long.

The US 30yr Treasury Bond breaks out then pulls back.  10yr rates rise again.

The US Dollar futures breaks out of consolidation as international money flows come this way.

_________________

S&P 500 Futures   #ESH24

Monthly – February continues the new highs. Trade pressures remain in the neutral zone. Volumes closed the month of January as bullish.  The next target up is 5173.  A close below 4687 would confirm any weekly move lower.

Weekly – The weekly rallies above the prior week highs again.  Trade pressures remain up.  Volumes are bullish.  The next target up is 5390.  A close below 4865 would confirm any daily move lower.

Daily – Flat, In the new move up after the close above 4926 into new highs.  Trade pressures are down but rising.  Volumes remain bullish.  The next target up is 5079.  The overbought level rises to 4950; still below the next target up. So, expect consolidation and retracement.  A close below 4936 would signal lower. The expected oversold level rises to 4801.

___________________

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.  The Navellier portfolio stocks closed up 17% for the 2023 Year.

Portfolio stock values for 2024 closed higher at approximately $109,000. The Year-to-Date portfolio performance closed up 9%.

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

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXH24

Weekly –  Remains in the new December downtrend, but testing resistance.  Trade pressures are up. Volumes remain bullish.

Daily – Flat.  Continues with a second leg up from 102.36 on 1/16.  Trade pressures are now up.  Volumes are bullish.

Still in the up trending channel. The next target up is 104-28.  103.65 is the over bot level.

A close below 103.22 would signal lower.  The expected oversold levels are 102.61.

 

US30YR T-BOND_ USH24

Weekly – In the new December 2023 uptrend.  Trade pressures remain are down.  Volumes are bearish.

Daily  – Long. Breaks out of the downtrend channel from 120-26 on 1/30.  Trade pressures are up but turning down. Volumes are again bearish.

The next target down is a back test at 119-29.  Oversold levels remain 115-12.

A close above 122-31 would resume the move higher.  The next target up is 128-12.

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLH24

Weekly – In the December 2023 downtrend. Trade pressures are up. Volumes are now bearish.

Daily – Flat. The break out on 1/25 at 74.99 rises to 78.00, then fails.  Trade pressures are now down.  Volumes are bearish.

The next target down is 66.00.  The expected oversold levels are 72.83.

A close above 74.00 would signal higher.  The expected overbought levels are 78.11.

[2-8-24: Long entry at 75.63. Set the SL at 72.90.]

[2-8-24: Take profits at 78.72. Raise SL to 74.79.]

 

NAT GAS_ NGH24

Weekly – In the new January 2024 uptrend.  Trade pressures are down into the neutral zone.  Volumes remain bearish.

Daily – Flat. in the downtrend from 2.60 on 1/16.  Trade pressures are down.  Volumes remain bearish.

The next target down is a break below 2.03 to 1.74.  The expected oversold level would be 1.93.

A close above  2.09 would signal higher.   The expected overbought level is 2.36.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGH24

Weekly – Remains in the December 2023 uptrend. Trade pressures are now up. Volumes are now bearish.

Daily – Flat. Pulls back to the 3.81 long entry on 1/24.  Trade pressures are down.  Volumes are now bearish.

The next target down is 3.78 3.64.  The expected oversold levels are 3.72.

A close above 3.82 3.77 would signal higher. The expected overbought levels are 3.92.

 

GOLD_ GCJ24

Weekly – In the December 2023 uptrend.  Trade pressures are rising to the neutral zone.  Volumes remain bearish.

Daily – Flat. In the move down from 2085 resistance.  Trade pressures are down.  Volumes remain bearish.

Backtesting the breakout of the downward channel. Need a reversal above 2060 to enter long. The expected overbought level is 2086.

A failure at below 2038 would signal lower.  The expected oversold level is 2013.

US dollar remains in an uptrend.

 

SILVER_ SIH24

Weekly – In the December uptrend but at support.  Trade pressures are rising toward the neutral zone.  Volumes remain bearish.

Daily – Flat. has traded above the Dec trend line and is now back testing.  Trade pressures are down.  Volumes are now bearish.

The next target up is the 23.32 long entry.  Overbought levels remain 25.98.

A close below the LML at 22.51 would resume the downtrend.  Oversold levels are 21.62.

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Summary:

Copper a new long with resistance nearby.  Gold in the downtrend channel, still looking lower.  Silver tests the resistance line once more and succeeds.

The Crude’s third attempt at a long entry finally succeeds.  Natural gas in the downtrend, needs 2.25 to get long.

The US 30yr Treasury Bond in retracement.  10yr rates continue to rise.

The US Dollar futures in consolidation for this next week.

_________________

S&P 500 Futures   #ESH24

Monthly – January turns higher still. Trade pressures remain in the neutral zone. Volumes closed the month of December as bullish.  The next target up is 5173.  A close below 4623 would confirm any weekly move lower.

Weekly – The weekly rallies above the prior week highs.  Trade pressures remain up.  Volumes are bullish.  The next target up is 5390.  A close below 4801 would confirm any daily move lower.

Daily – Flat, In the new move up after the close above 4859 into new highs.  Trade pressures are up.  Volumes remain bullish.  The next target up is 5079.  The overbought level rises to 4925; still below this next target up; so, expect consolidation and retracement.  A close below 4890 would signal lower. The expected oversold level rises to 4750.

___________________

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.  The Navellier portfolio stocks closed up 17% for the 2023 Year.

Portfolio stock values for 2024 closed at approximately $101,000. The Year-to-Date portfolio performance closed up 1%.

Top Build (BLD) and Toll Brothers (TOL) will be replaced with Coca-Cola Consolidated (COKE) and Super Micro Computer (SMCI at the open of the next trading day.

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

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXH24

Weekly –  Remains in the new December downtrend, but testing resistance.  Trade pressures are up. Volumes remain bullish.

Daily – Flat.  Continues with a second leg up from 102.36 on 1/16.  Trade pressures are down into the neutral zone.  Volumes are bullish.

Still in the up trending channel. 103.74 is the over bot level.

A close below 102.58 would signal lower.  The expected oversold levels are 102.37.

 

US30YR T-BOND_ USH24

Weekly – In the new December 2023 uptrend.  Trade pressures remain are down.  Volumes are bearish.

Daily  – Flat. In the downtrend channel from 122-18 on 1/16.  Trade pressures are down. Volumes remain bearish.

The next target down is 118-22.  Oversold levels remain 115-12.

A close above 120-30 would signal higher.  The expected overbought level is 123-06.

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLH24

Weekly – In the December 2023 downtrend. Trade pressures are rising in the neutral zone. Volumes are now bullish.

Daily – Long. Breaks out on 1/25 at 74.99.  Trade pressures are now up.  Volumes remain bullish.

The next target up is 84.18.  The expected overbought levels are 77.71.

A close below 73.33 would signal lower.  The expected oversold levels are 71.13.

 

NAT GAS_ NGH24

Weekly – In the new January 2024 uptrend.  Trade pressures are down into the neutral zone.  Volumes are now bearish.

Daily – Flat. in the downtrend from 1/16 at 2.60.  Trade pressures are rising into the neutral zone.  Volumes remain bearish.

The next target down is 2.10.  The expected oversold level would be 1.96.

A close above  2.25 would signal higher.   The expected overbought level is 3.06.