US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXH24

Weekly –  In the new December downtrend.  Trade pressures are down. Volumes are now bearish.

Daily – Flat.  The move up failed at the upper bound of the downward channel.  Trade pressures are down.  Volumes are bullish once again.

Still in the downtrend.  101.42 is the oversold level.

A close above 103.45 would signal higher.  The expected overbought levels are then 103.64.

 

US30YR T-BOND_ USH24

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

Daily  – Flat. Moved above the 200 day MA at 122-31.  In the move up from 114-12 on 11/14.  Trade pressures are up. Volumes are now bullish.

The next target up is 125-25.  Overbought levels are 118-21.

A close below 118-24 would signal lower.  The expected oversold levels remain 115-14.

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLH24

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

Daily – Flat.  Consolidating just below the Median Line and the 200 day MA.  Trade pressures are now up.  Volumes close as bullish.

Need a close above 74.28 to confirm any signal higher.  The expected overbought levels are 74.61.

The next target down is 63.54. The expected oversold levels are now 67.40.

 

NAT GAS_ NGH24

Weekly – In the December 2022 downtrend.  Trade pressures are still down.  Volumes are now bullish..

Daily – Flat. Made the 2.29 lows.  Trade pressures are down but rising.  Volumes went bullish and now neutral.

The next target down is 2.07; below the expected oversold level of 2.22.

A close above 2.31 would signal higher.  The expected over-bot level would be 2.72.

Metals

#copperfutures #goldfutures #silverfutures    [Contracts rollover]

COPPER_ HGH24

Weekly – In the new December 2023 uptrend. Trade pressures remain up but turning down. Volumes remain bullish.

Daily – Long, from the 3.81 resumption of the uptrend on 12/8.  Trade pressures are up. Volumes remain bullish.

The next target up is 3.96.  The expected overbought levels are 3.93.

A close below 3.73 would signal lower. Expected oversold levels remain at 3.71.

[Use 3.73 as the SL]

[12-14-23: Raise SL to BE, 3.81.]

[12-19-23: Take profits at 3.92, the overbought level.]

 

GOLD_ GCG24

Weekly – In the new December 2023 uptrend, with the decisive break above the 2048 the resistance levels now in a complete retracement. Trade pressures are down into the neutral zone. Volumes are now neutral.

Daily – Flat.  After the retracement to the 200 day MA, the FED rally ran gold up to touch the new entry price of 2060. Trade pressures are up. Volumes are neutral.

Reached the 1992 target down.  Support is at 1987, just below the expected oversold levels of 1988.

Did not take new long entry at 2045 because of the gap up. looking for a break out of the downward channel.  The expected overbought levels are now 2090.

 

SILVER_ SIH24

Weekly – Now in the new December uptrend.  Trade pressures are down.  Volumes are neutral.

Daily – Flat. gapped up with gold and out of the downward channel.  Trade pressures are up.  Volumes are bullish.

Tested the target down at 22.98.  Support levels are at 22.99.  Oversold levels are below at 21.62.

The 12/13 close above 23.78 signaled higher, but waiting for a back-test in the low 23’s.  Overbought levels are 25.09.

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Summary:

Copper retraces below the 200 day MA, now rallies to open a new long.  Gold rallies in retracement, consolidating at the 200 day MA.  Silver breaks down after the sharp rally; breaks below the 200 day MA.

The Crude fails support, looking for a new long entry.  Natural gas downtrend showing signs of basing.

The US 30yr Treasury Bond reached upside target of 120-22.  Expect consolidation and retracement.

The US Dollar futures move out of downtrend.  Pressures still rising, now in the neutral zone.  .

_________________

S&P 500 Futures   #ESH24

Monthly – December trades above the November highs. Trade pressures remain down into the neutral zone. Volumes closed the month of November as neutral.  The next target down is 4073. This November close above the upper median line (UML) confirms the weekly move higher. Expect consolidation and a back-test (4460) of the breakout. The next target up is the 4736 prior high.

Weekly – The weekly continues the move up off the 4310 long entry on 11/03 and has closed above the 44639 upside target.  Trade pressures are now up.  Volumes have closed the week as bullish again.  The next target up remains the upper median line at 4697.

Daily – Flat, the move up after the break above the 4475 (adjusted) long entry on 11/10 continues.  Trade pressures are up.  Volumes remain bullish.  Friday closed again above the September and October highs at 4660.  The next target up is 4657.  A close below 4543 would signal lower.  Multiple resistance levels just higher at 4700.  Expect consolidation and retracement at 4700.

___________________

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 $109,000. The Year-to-Date portfolio performance is now up 9%.

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

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXH24

Weekly –  In the August 2023 uptrend and testing the support level. Trade pressures are down. Volumes are now neutral.

Daily – Flat.  Rising out of the downward channel.  Trade pressures in the neutral zone.  Volumes are bullish.

Still in the downtrend.  This target down is 102.68 is the oversold level.

A close above 103.95 would signal higher.  The expected overbought levels are then 104.58.

 

US30YR T-BOND_ USH24

Weekly – In the October 2021 downtrend and still rising to resistance.  Trade pressures remain up.  Volumes remain bullish.

Daily  – Flat. At the 120-22 upside target.  In the move up from 114-12 on 11/14.  Trade pressures are up. Volumes are now neutral.

The next target up is 125-25.  Expected overbought levels are 118-21.

A close below 118-16 would signal lower.  The expected oversold levels remain 115-14.

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLH24

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

Daily – Flat.  Breaks hard below the 200 day MA.  Trade pressures are down.  Volumes close as neutral.

Crude fails to hold the 200 day MA. The next target down is 63.54. The expected oversold levels are now 69.08.

Need a close above 75.27 to confirm any signal higher.  The expected overbought levels are 76.99.

 

NAT GAS_ NGH24

Weekly – In the December 2022 downtrend; still accelerating. Trade pressures are still down. Volumes remain bearish.

Daily – Flat. In the move down from 3.14 on 11/08.  Trade pressures are down hard. Volumes remain bearish.

The next target down is 2.30; below the expected oversold level of 2.45.

A close above 2.50 would signal higher. The expected overbot level would be 2.96.

Metals

#copperfutures #goldfutures #silverfutures    [Contracts rollover]

COPPER_ HGH24

Weekly – In the new December 2023 uptrend. Trade pressures remain up but turning down. Volumes remain bullish.

Daily – Long, from the 3.81 resumption of the uptrend on 12/8.  Trade pressures are up. Volumes remain bullish.

The next target up is 3.91.. The expected overbought levels are 3.91.

A close below 3.73 would signal lower. Expected oversold levels remain at 3.71.

[Use 3.73 as the SL]

[12-14-23: Raise SL to BE, 3.81.]

 

GOLD_ GCG24

Weekly – In the new December 2023 uptrend, with the decisive break above the 2048 the resistance levels in a complete retracement. Trade pressures are up. Volumes are now bullish.

Daily – Flat.  In the retracement down of the sharp move up on 11/28. Trade pressures are down. Volumes are bearish.

The next target down is 1992.35. Support is at 1991, below the expected oversold levels of 2006.

A new long entry entry would be signaled with a close above 2045. The expected overbought levels are now 2099.

 

SILVER_ SIH24

Weekly – Now in the new December uptrend. Trade pressures remain up. Volumes remain bullish.

Daily – Flat. Crashing from those prior highs. Trade pressures are down. Volumes are bearish.

The next target down is 22.98. Oversold levels are below at 21.62. Support levels are at 22.99.

A close above 24.41 would signal higher.  Overbought levels are 25.11.

 

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Summary:

Copper breaks above the 200 day MA.  Gold rallies to the upper median line, expect consolidation.  Silver continues the sharp move up after breaking the 200 day MA.

The Crude consolidating at the lower median line, expect support. Natural gas downtrend accelerating.

The US 30yr Treasury Bond higher. Are lower rates signaling recession? Watch crude (lower) for that confirmation.

The US Dollar futures consolidating above the 200 day MA. Pressures still rising.

_________________

S&P 500 Futures #ESZ23 [Contract rolls soon]

Monthly – November breaks above the downward sloping upper median line to signal higher. Trade pressures remain down into the neutral zone. Volumes closed the month of November as neutral.  The next target down remains 4025. This November close above the trend line confirms the weekly move higher. Expect consolidation and a back-test (4370) of the breakout. The next target up is 5170.

Weekly – The weekly continues the move up off the 4310 long entry on 11/03 and has closed above the 4586 upside target. Trade pressures are now up.  Volumes have closed the week as bullish again. The next target up is the upper median line at 4649.

Daily – Flat, the move up after the break above the 4426 long entry on 11/10 continues.  Took profits ahead of the rollover.  Trade pressures are up.  Volumes remain bullish.  Friday closed just above the September and October highs at 4600.75.  The next target up is 4643.  A close below 4491 would signal lower.  Multiple resistance levels just higher.  Expect consolidation and retracement.

___________________

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 $107,000. The Year-to-Date portfolio performance is now up 7%.

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

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXZ23 [Contract change soon]

Weekly –  In the September 2023 uptrend now testing the support level. Trade pressures are down. Volumes remain bearish.

Daily – Flat. Rising off  the 200 day MA to test the upper band of the downward channel.  Trade pressures are rising into the neutral zone. Volumes are neutral.

Tested the LML. The next target down is 100.93 which is also the oversold level

A close above 103.53 would signal higher. The expected overbought levels are then 108.05.

 

US30YR T-BOND_ USH24

Weekly – In the October 2021 downtrend but rising to resistance. Trade pressures remain up. Volumes remain bullish.

Daily  – Flat. Stopped out of the short for a loss. (Need to pay attention to the weekly time frame pressures.)  In the move up from 114-12 on 11/14.  Trade pressures are up. Volumes are now bullish.

The next target up 120-20.  Expected overbought levels are 118-21.

A close below 117-04 would signal lower. The expected oversold levels remain 114-19.

 

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLH24

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

Daily – Flat.  At support at the April 2023 median line (74.310.  Trade pressures are down.  Volumes remain bearish.

The next target down is 70.62. The expected oversold levels are now 73.53.

Crude is still basing around the 200 day MA; again the bias seems lower.

A close above 78.54 would confirm any signal higher. Watch the 75.31 level for an early indication.  The expected overbought levels are 78.92.

 

NAT GAS_ NGH24

Weekly – In the December 2022 downtrend; accelerating. Trade pressures are still down. Volumes remain bearish.

Daily – Flat. In the move down from 3.14 on 11/08.  Trade pressures are down hard. Volumes remain bearish.

The next target down is 2.57. The expected oversold level is 2.66.

A close above 2.66 would signal higher; with one test of 2.66 already, this seems more likely.  The expected overbot level would be 3.08.