#emini #spfutures #SP500 #ES

Market Summary:

Copper is looking higher.  Gold is approaching new overbought levels. Silver reached the upside target.

The Crude is in a new long trade. Natural gas July contract retracing the move up.

The US 30yr Treasury Bond June contract remains a long but in consolidation.

The US Dollar futures are now a short after the resistance at the 200 day MA.

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S&P 500 Futures (June contract)

Monthly – Still below the February lows. Trade pressures are rising but still in the neutral zone. Volumes closed the month of February as neutral. The next target down is 3084. A close above 4204 would confirm any weekly move higher.

Weekly – The weekly has reversed to a long after closing above the 3998 long entry. Trade pressures are now down. Volumes are now bullish. The next target up is 4256. A close below the 3939 weekly low would confirm any daily move lower.

Daily – Flat. The new long trade signaled at the 3944 level on 3/17 remains in place. Trade pressures are down into the neutral zone.. Volumes are bullish. The next target up is 4049. Overbought is 3999. A close below the lower median line at 3923 would signal lower. Oversold is 3822.
Again, with the two entries close together, wait for a trade pressure bullish reversal in the lower time frames.

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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.

This week’s market ended above the 4000 level. Values vacillated around $104,000. The Year-to-Date portfolio performance is up 4%.

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

#emini #spfutures #SP500 #ES

Market Summary:

Copper is looking higher.  Gold is over the overbought levels. Silver is a new long entry.

The Crude is near oversold levels. Natural gas July contract long was stopped out at a gain.

The US 30yr Treasury Bond June contract remains a long but near resistance; expect some consolidation or retracement.

The US Dollar futures are still  retracing after the resistance at the 200 day MA.

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S&P 500 Futures (June contract)

Monthly – Below the February lows. Trade pressures are rising but still in the neutral zone. Volumes closed the month of February as neutral. The next target down is 3084. A close above 4204 would confirm any weekly move higher.

Weekly – The weekly has reversed to a short after closing below 4032. Trade pressures are down into the neutral zone. Volumes are now bullish. The next target down remains 3822. A close above 3998 would confirm any daily move higher.

Daily – Long. A new long trade is signaled at the 3944 level on 3/17. Trade pressures are up. Volumes are bullish. The next target up is 4049. Overbought is 3989. A close below 3941 would signal lower. Oversold is 3805. With the two entries close together, wait for a trade pressure bullish reversal in the lower time frames.

[3/19 Long at 3962.] [3/20/23 stopped out in the Asian overnight markets for a loss.]

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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.

This week’s market ended attempting to move above the 4000 level. Values vacillated around $102,000. The Year-to-Date portfolio performance remains 2%.

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

#emini #spfutures #SP500 #ES

Market Summary:

Copper is looking lower.  Gold is near the overbought levels. Silver is a new counter-trend long entry.

The Crude oil rally has failed and back near the entry. Natural gas July contract long was stopped out at a gain.

The US 30yr Treasury Bond June contract remains a long.

The US Dollar futures are retracing after the resistance at the 200 day MA.

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S&P 500 Futures

Monthly – Now below the February lows. Trade pressures are rising but still in the neutral zone. Volumes closed the month of February as neutral. The next target down is 3008. A close above 4169 would confirm any weekly move higher.

Weekly – The weekly has reversed to a short after closing below 3997. Trade pressures are down into the neutral zone. Volumes are now bearish. The next target down remains 3787. A close above 4040 would confirm any daily move higher.

Daily – Short. The long trade was stopped out at a breakeven and the close below 4012 signaled a new short entry. Trade pressures have moved to down. Volumes are now bearish. The next target down is 3817.  3891 is the new oversold level. A close back above 3950 would signal higher. 4034 would be the new overbought level. Set the 3950 new long signal as the SL. [3/12/23 Sunday nite stopped out at 3950.]

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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.

This week’s market ended with a break below the 4000 level. Values move lower to approximately $102,000. The Year-to-Date portfolio performance is now 2%.

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