S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper rallied to stop out the shorts. Gold dropped with the dollar rally. Silvr as well.

The Crude trade continues, but consolidating here. Natural gas in consolidation.

The US 30 Year Treasures are in the move up, but near a profit target.

The US Dollar futures are pressing up against the 97 targets and resistance.


S&P 500 Futures_

Monthly – In the move up but still in the short trade. Trade pressures are rising. Volumes closed the moth of March as bullish. The next target down is 2372. A close above the 2900 level would confirm any weekly move up.

Weekly – In the move up. consolidating here at the October breakdown levels. Trade pressures are up. Volumes are bullish. The next target up is 2976. A close below 2715 would confirm any daily move lower.

Daily – Flat. In the long move up from the November 2417 long entry level. Trade pressures are in the neutral zone and rising. Volumes are bullish.

The next target up is 2976.

A close below 2747 would signal a new move lower.


Navellier Top Stocks – The $100,000 model portfolio values rise to approx $115,000 as of this week.

BG Staffing (BGSF), Dexcom (DXCM), Fortinet (FTNT), Lululemon(LULU), Veeva Systems (VEEV), Insperity (NSP) will be replaced with O’Reilly Auto (ORLY), Altassian (TEAM), VM Ware (VMW), Capital Southwest Bank (CSWC), Medifast (MED), Xilinx (XLNX) at the opening prices on Monday.


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

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