S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is range bound during the uncertainties surrounding the trade discussions. Gold and Silver are consolidating at downside targets.

Crude Oil is at upside targets, so look for a move loer. Natural Gas is still basing at the 2.57 level.

The US 30 Year Treasuries are in a move down inside the longer cycle upmove.

The US Dollar futures are pulling back from the $97 dollar level.

_______________________

S&P 500 Futures_

Monthly – The close above the 2900 level now confirm the weekly move higher. Trade pressures are  rising into the neutral. Volumes closed the month of March as bullish. The next target up is 3408. A close below 2730 would confirm any weekly move lower.

Weekly – In the move up from the 2423 level in December. Trade pressures are up. Volumes are bullish. The next target up is 2976. A close below 2766 would confirm any daily move lower.

Daily – Flat. In the move up from the new long entry at 2862. Trade pressures are up. Volumes are bullish.

The next target up is 2976.

A close below 2796 would signal a new  move lower.

____________________

Navellier Top 8 Stocks – The $100,000 model portfolio closed the week above the $119,000 value. Ist Qtr 2019 earnings season begins next week. Navellier Buy List stocks are characterized by 17.3% average annual sales growth and 63.6% average annual earnings growth. So, while the general market may be projecting a slowdown in the growth rates, the investors should begin to focus on those select stocks that have better than average expectations.

 

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

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.