#emini #spfutures #SP500 #ES
Copper is attempting to rally. Gold had a huge rally then triggered a new short. Silver ignored any correction talk and has broken above the resistance line.
The Crude is bouncing off the second oversold level. Natural gas July contract stopped out a t BE.
The US 30yr Treasury Bond is consolidating but with the trade pressures showing some movement up.
The US Dollar futures still near a new long entry, but very little movement.
S&P 500 Futures
Monthly – Still looking for the break above the 4200 level. Trade pressures are now up. Volumes closed the month of April as bullish. The next target down is 3084. A close above 4204 would confirm any weekly move higher.
Weekly – The weekly long at 3998 continues to move higher; a second attempt to move down also recovered quickly. Trade pressures are up. Volumes are bullish. The next target up remains 4256. A close below 4032 would confirm any daily move lower.
Daily – Flat. In the move up off the 4068 retest of the prior week lows on 5/5. Trade pressures are up. Volumes are now neutral. The next target up is 4246. Overbought is now 4158. A break below 4068 would signal lower. The next oversold level is 4027.
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 dropped then rallied higher on Friday. Portfolio values moved up a fraction to approximately $110,000. The Year-to-Date portfolio performance is now up 10%.
[The author may have long or short positions in any of the securities mentioned.]