#emini #spfutures #SP500 #ES

Market Pressures_

Copper rallied sharply as inflation talk heats up. Gold and silver seem less responsive.

Crude oil rallied toward the 69.00 target, bur has begun a retracement. Natural gas broke above the 200 day MA at 2.91.

The US Treasuries continue the move down.

The US Dollar futures are holding and consolidating at the $89.00 levels.

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S&P 500 Futures_

Monthly – Rallied hard to the 3918 upside target and beyond. Trade pressures are up. Volumes closed up for the month of January. The next target up is 4366. A close below 3491 would confirm any weekly move lower.

Weekly – Still in the move up from the 3550 weekly long entry. Trade pressures are up, but still diverging from the September indicator highs. Volumes are bullish. The next target up is 4093. A close below 3698 would confirm any daily move lower.

Daily – Flat. The 3959 high has brought selling in late in the week. Trade pressures are down. Volumes are bearish. The next target up is 4069. A close below 3864 would signal a retracement of the October rally.

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Navellier Top 5 Stocks – This Top 5 model portfolio begins the year at $100,000. Only the Top 5 Growth stocks will be tracked this 2021 year. This portfolio has been marked to the market and restarted at $100,000 for the 2021 year.

The portfolio stocks were down this week and are now valued at approximately $145,000, up 45% for the 2021 YTD.  The portfolio had a brief touch of the $150,000 value mid-week, but sold off near the end.

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