Chas Waring’s Post

New Post: S&P 500 Futures - https://lnkd.in/gGNPRbwZ #emini #spfutures #SP500 #ES Market Summary: Copper remains strong with a new long entry.  Gold correction continues, still at support.  Silver hit the profit stop and is now in correction remains near support. Crude remains in consolidation looking weaker.  Natural gas finally rallies, but still in downtrend. The US 30yr Treasury Bond moves slightly higher. The 10yr yields off the highs. The US Dollar futures move down from the 106 resistance levels. _________________ S&P 500 Futures   #ESM24 Monthly – May begins up off the April lows. Trade pressures remain up. Volumes closed the month of April as bearish.  The next target up is 5439.  A close below 5022 would confirm any weekly move lower. Weekly – The weekly closes up off the October median line.  Trade pressures remain up, but declining.  Volumes remain bullish.  The 4986 downside target was touched at that median line. The next target down is 4771. Closed above the prior week’s high at 5146 confirms the daily move higher. Daily – Flat.  After moving down to oversold levels started a move up and closed above the 4/29 prior pivot high and now near overbought levels. Trade pressures are up.  Volumes are bullish.  The next target up is a test of the 5195 resistance.  The overbought level is 5125.  The expected oversold level is rising to 4975. At overbought levels. Look for another dip to close the 5092 gap to enter any new long. ___________________ 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, portfolio hold steady to remain unchanged, at approximately $130,000. The Year-to-Date portfolio performance closes up 30%.    

New Post: S&P 500 Futures - https://lnkd.in/gGNPRbwZ #emini #spfutures #SP500 #ES Market Summary: Copper remains strong with a new long entry.  Gold correction continues, still at support.  Silver hit the profit stop and is now in correction remains near support. Crude remains in consolidation looking weaker.  Natural gas finally rallies, but still in downtrend. The US 30yr Treasury Bond moves slightly higher. The 10yr yields off the highs. The US Dollar futures move down from the 106 resistance levels. _________________ S&P 500 Futures   #ESM24 Monthly – May begins up off the April lows. Trade pressures remain up. Volumes closed the month of April as bearish.  The next target up is 5439.  A close below 5022 would confirm any weekly move lower. Weekly – The weekly closes up off the October median line.  Trade pressures remain up, but declining.  Volumes remain bullish.  The 4986 downside target was touched at that median line. The next target down is 4771. Closed above the prior week’s high at 5146 confirms the daily move higher. Daily – Flat.  After moving down to oversold levels started a move up and closed above the 4/29 prior pivot high and now near overbought levels. Trade pressures are up.  Volumes are bullish.  The next target up is a test of the 5195 resistance.  The overbought level is 5125.  The expected oversold level is rising to 4975. At overbought levels. Look for another dip to close the 5092 gap to enter any new long. ___________________ 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. 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, portfolio hold steady to remain unchanged, at approximately $130,000. The Year-to-Date portfolio performance closes up 30%.    

New Post: S&P 500 Futures - https://lnkd.in/gGNPRbwZ #emini #spfutures #SP500 #ES Market Summary: Copper remains strong with a new long entry.  Gold correction continues, still at support.  Silver hit the profit stop and is now in correction remains near support. Crude remains in consolidation looking weaker.  Natural gas finally rallies, but still in downtrend. The US 30yr Treasury Bond moves slightly higher. The 10yr yields off the highs. The US Dollar futures move down from the 106 resistance levels. _________________ S&P 500 Futures   #ESM24 Monthly – May begins up off the April lows. Trade pressures remain up. Volumes closed the month of April as bearish.  The next target up is 5439.  A close below 5022 would confirm any weekly move lower. Weekly – The weekly closes up off the October median line.  Trade pressures remain up, but declining.  Volumes remain bullish.  The 4986 downside target was touched at that median line. The next target down is 4771. Closed above the prior week’s high at 5146 confirms the daily move higher. Daily – Flat.  After moving down to oversold levels started a move up and closed above the 4/29 prior pivot high and now near overbought levels. Trade pressures are up.  Volumes are bullish.  The next target up is a test of the 5195 resistance.  The overbought level is 5125.  The expected oversold level is rising to 4975. At overbought levels. Look for another dip to close the 5092 gap to enter any new long. ___________________ 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. 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, portfolio hold steady to remain unchanged, at approximately $130,000. The Year-to-Date portfolio performance closes up 30%.    

New Post: S&P 500 Futures - https://lnkd.in/guAQqhQA #emini #spfutures #SP500 #ES Market Summary: Copper near oversold.  Gold in new sideways channel, looking for the 2014 oversold level.  Silver pulls back to retest the breakout. The Crude now long as GDP looks positive.  Natural gas remains in the downtrend, now needs 1.90 to get long. The US 30yr Treasury Bond selling off with the 10yr yields rising. The US Dollar futures in the move up, but overbought. _________________ 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 4737 would confirm any weekly move lower. Weekly – The weekly rallies above the prior week highs once again.  Trade pressures remain up.  Volumes are bullish.  The next target up is 5390.  A close below 4915 would confirm any daily move lower. Daily – Flat, In the new move up after the close above 4926 into new highs.  Trade pressures are up.  Volumes remain bullish.  The next target up is 5079.  The overbought level rises to 5018; still below the next target up. So, expect consolidation and retracement.  A close below 5026 would signal lower. The expected oversold level rises to 4850. ___________________ 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 much higher, with the move in the AI related stocks, at approximately $119,000. The Year-to-Date portfolio performance closed up 19%.

New Post: S&P 500 Futures - https://lnkd.in/gP7U5UTD #emini #spfutures #SP500 #ES Market Summary: Copper turned higher after a pause.  Gold breaks multi year highs.  Silver retracement starts a new move up but now at resistance. Crude breaks above the upsloping channel boundary.  Natural gas continues the move down to the 1.30’s. The US 30yr Treasury Bond turns down. The 10yr yields rally. The US Dollar futures tests the 105 levels. _________________ S&P 500 Futures   #ESM24 Monthly – March fractionally higher. Trade pressures are up. Volumes closed the month of February as bullish.  The next target up is 5439.  A close below 5022 would confirm any weekly move lower. Weekly – The weekly closes below the 4/1 intra week pivot high; lower closing lows.  Trade pressures remain up.  Volumes are now bearish.  The next target up remains 5893.  A close below the prior week’s low at 5200 would confirm any daily move lower. Daily – Flat.  Touched the 5193 short entry, but next day closed 50 pts higher. Trade pressures are now down.  Volumes are now neutral.  The next target down is 5052.  The overbought level drops to to 5284 \(lower highs on the OS/OB\).  A close below 5193 would signal lower. The expected oversold level declines to 5125. ___________________ 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, moved to close the week lower, at approximately $136,000. The Year-to-Date portfolio performance closed up 36%.  

New Post: S&P 500 Futures - https://lnkd.in/guAQqhQA #emini #spfutures #SP500 #ES Market Summary: Copper near oversold.  Gold in new sideways channel, looking for the 2014 oversold level.  Silver pulls back to retest the breakout. The Crude now long as GDP looks positive.  Natural gas remains in the downtrend, now needs 1.90 to get long. The US 30yr Treasury Bond selling off with the 10yr yields rising. The US Dollar futures in the move up, but overbought. _________________ 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 4737 would confirm any weekly move lower. Weekly – The weekly rallies above the prior week highs once again.  Trade pressures remain up.  Volumes are bullish.  The next target up is 5390.  A close below 4915 would confirm any daily move lower. Daily – Flat, In the new move up after the close above 4926 into new highs.  Trade pressures are up.  Volumes remain bullish.  The next target up is 5079.  The overbought level rises to 5018; still below the next target up. So, expect consolidation and retracement.  A close below 5026 would signal lower. The expected oversold level rises to 4850. ___________________ 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 much higher, with the move in the AI related stocks, at approximately $119,000. The Year-to-Date portfolio performance closed up 19%.

New Post: S&P 500 Futures - https://lnkd.in/gRr4bwtC #emini #spfutures #SP500 #ES Market Summary: Copper breaks much higher above recent high.  Gold continues the prior week rally.  Silver has dramatic second leg up. Crude remains in consolidation; volumes turning bullish..  Natural gas continues the rally, but approaching resistances. The US 30yr Treasury Bond showing resistance. The 10yr yields still near support levels. The US Dollar futures continue the move down down; but nearing support levels. _________________ S&P 500 Futures   #ESM24 Monthly – May moving up to erase the April 2024 move down. Trade pressures remain up. Volumes closed the month of April as bearish.  The next target up is 5439.  A close below 5030 would confirm any weekly move lower. Weekly – The weekly closes up for the fourth week.  Trade pressures remain up; and still declining.  Volumes remain bullish.  The move up has reached the prior high. The next target up is the upper median line at 5464.  A close below 5038 would confirm daily move lower. Daily – Flat.  The rally started on 5/3 continues. Trade pressures are up.  Volumes remain bullish.  The close above 5271 started a second leg up in the uptrend.  The expected overbought level has risen to 5324.  The expected oversold level rises to 5133.  A close below 5300 would signal lower. At resistance now. Watching the 10 yr yield. NVDA earnings are announced May 21st and could provide the catalyst for a market move either way. ___________________ 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. 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.  The portfolio moved down for the week to approximately $134,000. The Year-to-Date portfolio performance is now up 34%.

New Post: S&P 500 Futures - https://lnkd.in/gFnREbbA #emini #spfutures #SP500 #ES Market Summary: Copper breaks higher after a small pullback.  Gold breaks resistance for a late week rally.  Silver, similarly, breaks the trendline resistance and moves higher. Crude remains in consolidation, still looking weaker.  Natural gas continues the rally, but now at trendline support. The US 30yr Treasury Bond move higher meets resistance. The 10yr yields have dropped to support levels. The US Dollar futures continue the move down from the 106 resistance levels. _________________ S&P 500 Futures   #ESM24 Monthly – May still retracing the April lows. Trade pressures remain up. Volumes closed the month of April as bearish.  The next target up is 5439.  A close below 5022 would confirm any weekly move lower. Weekly – The weekly closes up off the October median line.  Trade pressures remain up, but declining.  Volumes remain bullish.  The 4986 downside target was touched at that median line. The next target up is the prior high at 5333. Closed again higher at 5246, which continues the confirmation of the daily move higher. Daily – Long.  The lower median line at 5039 provided support for the ensuing rally starting on 5/3 which is now at 5246. Trade pressures are up.  Volumes remains bullish.  The close above 5237 new long entry provided additional confirmation.  The expected overbought level has risen to 5266.  The expected oversold level rises to 5025. Again, near the overbought levels. Look for another dip to close the 5145 LML. ___________________ 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. 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.  The portfolio move up for the week to approximately $135,000. The Year-to-Date portfolio performance is now up 35%.

New Post: S&P 500 Futures - https://lnkd.in/guAQqhQA #emini #spfutures #SP500 #ES Market Summary: Copper near oversold.  Gold in new sideways channel, looking for the 2014 oversold level.  Silver pulls back to retest the breakout. The Crude now long as GDP looks positive.  Natural gas remains in the downtrend, now needs 1.90 to get long. The US 30yr Treasury Bond selling off with the 10yr yields rising. The US Dollar futures in the move up, but overbought. _________________ 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 4737 would confirm any weekly move lower. Weekly – The weekly rallies above the prior week highs once again.  Trade pressures remain up.  Volumes are bullish.  The next target up is 5390.  A close below 4915 would confirm any daily move lower. Daily – Flat, In the new move up after the close above 4926 into new highs.  Trade pressures are up.  Volumes remain bullish.  The next target up is 5079.  The overbought level rises to 5018; still below the next target up. So, expect consolidation and retracement.  A close below 5026 would signal lower. The expected oversold level rises to 4850. ___________________ 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 much higher, with the move in the AI related stocks, at approximately $119,000. The Year-to-Date portfolio performance closed up 19%.

New Post: S&P 500 Futures - https://lnkd.in/gUTbfgAs #emini #spfutures #SP500 #ES Market Summary: Copper consolidating after rally.  Gold moves up sharply and breaks the bull flag. Silver backtested the breakout, then breaks out of the downtrend. The Crude breaks above the resistance line.  Natural gas basing. The US 30yr Treasury Bond slow uptrend now with the 10yr yields coming off the recent highs. The US Dollar futures correcting in the upward channel and now at the bottom band. _________________ S&P 500 Futures   #ESM24 Monthly – February produces new highs. Trade pressures are up just out of the neutral zone. Volumes closed the month of February as bullish.  The next target up is 5233.  A close below 4838 would confirm any weekly move lower. Weekly – The weekly closes again above the prior week high.  Trade pressures remain up.  Volumes are bullish.  The next target up is 5390.  A close below 5017 would confirm any daily move lower. Daily – Flat.  Trade pressures are up.  Volumes remain bullish.  The next target up is 5368.  The overbought level rises to 5130; still below the next target up. Again, expect consolidation and retracement - but only getting three days of correction last week.  A close below 5013 would signal lower. The expected oversold level rises to 4966 \(rising oversold levels are bullish\). ___________________ 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 much higher, at approximately $130,000. The Year-to-Date portfolio performance closed up 30%.