S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Summary:

Copper new long failed, looking for support.  Gold breaks down.  Silver is a short. (What’s this mean for the Middle east?)

The Crude is down looking for support. Natural gas breaks down.

The US 30yr Treasury Bond stopped out but remains a cautious long.

The US Dollar futures have turned down; but found support at the upsloping median line.

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S&P 500 Futures #ESZ23

Monthly – November headed for a back test of the breakdown. Trade pressures remain down into the neutral zone. Volumes closed the month of October as bearish. The next target down remains 4025. The September close below 4373 had confirmed the weekly move lower.

Weekly – The weekly continues the move up off the 4122 low and has closed above the 4364 new long entry. Trade pressures remain down but rising. Volumes have closed the week bullish again. This close above 4364 has confirmed the Daily move higher, and now permits buying the dips. The next target up is 4497.

Daily – Stopped out of the long from 4184 on 11/08, at 4378. Trade pressures are up. Volumes remain bullish. The expected retracement was shallow, now have a break above the October highs. A close above 4426 would signal a new long. Current support is the 200 day MA at 4343.

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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.

Portfolio values closed at approximately $105,000. The Year-to-Date portfolio performance is now up 5%.

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

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXZ23

Weekly –  In the September 2023 uptrend. Trade pressures remain up, but declining. Volumes remain bearish.

Daily – Flat. Bounced off the LML at 104.09  Trade pressures are up. Volumes are neutral.

In a retracement up. Expect resistance at 106.12. The overbought levels are 107.05

A close below 105.88 would signal lower. The expected oversold levels are then 104.78.

 

US30YR T-BOND_ USZ23

Weekly – In the October 2021 downtrend. Trade pressures are down but rising. Volumes are  bearish.

Daily  – Flat. Consolidating the rally off 110-02 on 10-27 . Trade pressures are now down into the neutral zone. Volumes are now neutral.

The next target up is still 114-12.  A close above 115-13 would signal a new long. Expected overbought levels remain 116-12.

A close below 112-17 would signal lower. The expected oversold levels are 110-09.

 

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLZ23

Weekly – In a new August 2023 uptrend but testing support. Trade pressures are down. Volumes remain bearish.

Daily – Flat.  In the move down from 85.39 on10/23.  Trade pressures are down.  Volumes remain bearish.

The next target down is 73.18. The expected oversold levels are now 74.35.

Crude is basing around the 200 day MA.

A close above 81.82 would confirm any signal higher. The expected overbought levels are 82.66.

 

NAT GAS_ NGZ23

Weekly – In the December 2022 downtrend; holding at long term resistance. Trade pressures are still down. Volumes are now bullish.

Daily – Flat. Back into an uptrend on 11/3 from 3.52.  Trade pressures are down but rising. Volumes are now neutral.

A close above 3.08. The expected overbought level is 3.45.

A close below 2.98 would signal lower. The expected oversold level is 2.90.

 

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGZ23

Weekly – In the May 2023 downtrend. Trade pressures are down but rising. Volumes are bearish.

Daily – Flat. The move up from 3.64 on 10/27 was stopped at the upper ML at 3.7.  Trade pressures are down. Volumes are bearish.

Support is at 3.54, the LML The expected overbought levels remain 3.70.

A close below 3.56 would signal lower. Expected oversold levels are now 3.52.

 

GOLD_ GCZ23

Weekly – In the August 2023 downtrend, testing the resistance levels. Trade pressures are down. Volumes are now bearish..

Daily – Flat. The close below 1968 signaled lower. Trade pressures down. Volumes are bearish.

Closed below the 1939 downside target. The expected oversold levels is 1938. So, expect consolidation.

A new long entry would be signaled with a close above 1983. The expected overbought levels are now 2014.

 

SILVER_ SIZ23

Weekly – In the September 2023 downtrend. Trade pressures are down into the neutral zone. Volumes are now neutral.

Daily – Flat. In the move down from the 22.70 signal, looking for a better short entry. Trade pressures are now down. Volumes are now bearish.

The close below 22.70 signaled lower. Support at 22.05.  Oversold levels are expected at 21.23.

A close above 22.58 would signal higher  The next target up remains 23.99. Overbought levels are still 24.74.

 

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Summary:

Copper is a new long.  Gold is consolidating.  Silver is consolidating near a new short entry. Interest rate moves should dictate the next move in the metals.

The Crude has turned down. Natural gas is in the chop mode.

The US 30yr Treasury Bond remains a cautious long.

The US Dollar futures have turned down with a sharp move late in the week.

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S&P 500 Futures #ESZ23

Monthly – November rallies off the 4100 lows. Trade pressures remain down into the neutral zone. Volumes closed the month of October as bearish. The next target down remains 4025. The September close below 4373 had confirmed the weekly move lower.

Weekly – The weekly moved sharply up off the 4122 low. Trade pressures remain down. Volumes have closed the week as slightly bullish. This close above 4364 has confirmed the Daily move higher. The next target up is 4634

Daily – Long from the 4184 open on 10/30, the prior Monday; which has now closed above the 200 day MA at 4338. Trade pressures are up. Volumes are bullish. Now well above the expected overbought at 4278 which would suggest some retracement here. A close below 4333 would signal lower.

SL 4350.

[11-7-23: Raise SL to 4378.]

[11-8-23: Stopped out at 4378.]

___________________

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 $100,000. The Year-to-Date portfolio performance is now down 0%.

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

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXZ23

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

Daily – Short. In the second break down thru the 105.27 short entry.  Trade pressures are down. Volumes are bearish.

The next target down is 104.54. Expect support at the 104.62 level. The oversold levels are 105.56.

A close above 105.09 would signal a retracement higher. The expected overbought levels are then 106.87.

 

US30YR T-BOND_ USZ23

Weekly – In the October 2021 downtrend well below the prior week. Trade pressures are down. Volumes are  bearish.

Daily  – Long. The new long was signaled at 110-02 on 10-27 . Trade pressures are now up. Volumes remain bearish.

The trend is now up. The next target up is 114-12.  Expected overbought levels are 116-12.

A close below 112-08 would signal lower. The expected oversold levels are 109-15.

SL at 113-12.

[11-5-23: stopped out at 113-07.]

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLZ23

Weekly – In a new August 2023 uptrend. Trade pressures are down. Volumes are now bearish.

Daily – Flat.  Missed the short entry at the break down of the up move at 85.39 on 10/23.  Trade pressures are down.  Volumes are bearish.

The next target down is 75.39. The expected oversold levels are now 80.04 and the 200 day MA support is at 76.26.

A close above 84.67 would signal higher. The expected overbought levels are 86.99.

 

 

NAT GAS_ NGZ23

Weekly – In the December 2022 downtrend; holding at long term resistance. Trade pressures are still down. Volumes remain bullish.

Daily – Flat. Back into an uptrend on 11/3 from 3.52.  Trade pressures are down but rising. Volumes are now neutral.

The next target up is 3.59. The expected overbought level is 3.77.

A close below 3.43 would signal lower. The expected oversold level is 3.12.

[11-5-23: Opened Sun nite session at 3.40.]

[11-8-23: Lower SL to 3.18.]

[11-9-23: Take profits at 3.10.]

 

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGZ23

Weekly – In the May 2023 downtrend. Trade pressures are down but rising. Volumes remain neutral.

Daily – Long. In the move up from 3.64 on 10/27.  Trade pressures are up. Volumes are bullish.

The expected overbought levels are 3.70 and overhead resistance is the same. Tight stops.

A close below 3.56 would signal lower. Expected oversold levels are now 3.54.

[11-5-23: SL 3.63]

[11-6-23: Raise stop to BE at 3.64.]

[11-8-23: Stopped out for a BE.]

 

GOLD_ GCZ23

Weekly – In the new August 2023 downtrend, breaking the support levels. Trade pressures remain up. Volumes remain bullish.

Daily – Flat. Profit stop triggered at 1983. Trade pressures down into the neutral zone. Volumes remain bullish.

A new long entry would be signaled with a close above 2008 which has been tested three times and failed. The next target up is 2081 with median line resistance at 2010. The expected overbought levels are now 2015.

A close below 1968 would signal lower. The expected oversold levels are 1970.

 

SILVER_ SIZ23

Weekly – In the September 2023 downtrend. Trade pressures remain up. Volumes remain bullish.

Daily – Flat. Still in the move up from the 21.63 signal. Trade pressures are now up. Volumes are now bullish.

In consolidation. The next target up remains 23.99. Overbought levels are still 24.74.

A close below 22.70 signals lower which has been tested three time also.  Oversold levels are expected at 21.23.

[11-7-23: New short at 22.70.  SL @ 22.70.]]

[11-7-23: Stopped out immediately for a BE.]

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Summary:

Copper attempted another rally but not quite a new long yet.  Gold was stopped out with a profit, (watch the movement for signs that the hedgers have new info on the Middle East events).  Silver near a new short entry.

The Crude has turned up. Natural gas is in another retracement after reaching overbought.

The US 30yr Treasury Bond is again a cautious long.

The US Dollar futures have turned up once again, still a safe haven trade.

_________________

S&P 500 Futures #ESZ23

Monthly – The third month down. Trade pressures remain down into the neutral zone. Volumes closed the month of September as bullish, October, while not quite finished, looks bearish. The next target down remains 4025. The close below 4373 had confirmed the weekly move lower.

Weekly – The weekly moved sharply down after breaching the downside target of 4280. Trade pressures are down. Volumes have closed the week as bearish.  The next target down is still 4030. A close above 4364 would confirm any Daily move higher.

Daily – Flat. Made a third touch on the downward sloping median line and closed up off that line setting the stage for a possible rally.  Trade pressures are down. Volumes remain bearish. At the 4124 downside target. The next target down is 4030. The expected oversold level is 4099. A close above 4177 would signal higher.  In the event of a rally, the expected overbought is 4298.

[10-31-23 long at the 4184 open. ]

[11-2-23: SL at 4254.]

[11-3-23: SL 4350.]

___________________

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 $95,000. The Year-to-Date portfolio performance is now down 5%.

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

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXZ23

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

Daily – Long. In the new move up off the 106.22 long entry.  Trade pressures are up. Volumes are bullish.

The next target up is 107.42. Expect resistance at the 106.78 level. The overbought levels are 106.94.

A close below 104.90 signals lower. The expected oversold levels are now 105.50.

 

US30YR T-BOND_ USZ23

Weekly – In the October 2021 downtrend well below the prior week. Trade pressures are down. Volumes are  bearish.

Daily  – Long. A new long is signaled at 110-02 on 10-27 . Trade pressures are now up. Volumes remain bearish.

The trend is still down. Need a close above 114 to change the trend to up. So any long trade here is a counter trade. Follow the trade with tight stops.  Expected overbought levels are 116-10.

A close below 109-02 would signal lower. The expected oversold levels are 106-03.

SL at 109-02.

[11-2-23: Raise SL to 110-31.]

[11-3-23: Raise SL to 113-01.]