S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in new move down. Gold and Silver are reacting the the Dollar.

Oil has signaled anew short trade. Natural Gas remains lower.

The us 30 year Treasury Bonds are close to a new buy signal.

The US Dollar Futures are pulling  back after a sharp run to new highs.

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S&P 500 Futures_

Monthly – In the new move up if price can close the month above 2900. Trade pressures are up. Volumes closed the month of March as Bullish. The next target up is 3408. A close above the 2900 will confirm any weekly move higher.

Weekly – Still in the move up from the Christmas lows. Trade pressures are up. Volumes are bullish. The next target up is 2976. A close below the 2793 level would confirm any daily moves lower.

Daily – Flat. In the move up from the 2862 long entry level. Trade pressures are up but turning down. Volumes remain bullish.

The next target up is 2976.

A close below 2824 would signal lower.

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Navellier Top 8 Stocks –  The $100,000 Model portfolio is down with the reductions in forward guidance from  the semi conductor group. The weekly value closed at $118,000; still up nicely but off the highs. On Monday at the open O’Reilly (ORLY), Atlassian (TEAM), and Medifast (MED) will be replaced by Autozone (AZO), Cadence Design (CDNS) and Haverty’s (HVT).

 

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

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