#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in a retracement up. Gold and silver are basing with a new long entry nearby.

Crude oil is near a new long entry. Nat Gas is also near a new long entry.

The US 30 year treasuries are in a new move up.

The US Dollar futures are really stretched and over-bought.

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S&P 500 Futures_

Monthly – Closed below the Dec 2018 lows. Trade pressures are down. Volumes closed the month of February as bearish. The next target down is 1882. A close above 2944 would confirm any weekly move higher.

Weekly – Lower again. Trade pressures are down and oversold. Volumes are bearish. The next target down is 2177. A close above 2613 would confirm any weekly move higher.

Daily – Flat. Too much volatility. Trade pressures are down. Volumes are bearish. The next target down is a retest of 2266 and then 1997. A close above 2389 would signal higher, but this level has been traded thru each of the last two weeks.

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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 2020 year.

The portfolio is down this week to approximately $68,000 or minus 33% YTD, in this March month. The 13% gains from these first two months of 2020 have evaporated. But the fundamentals should remain intact. Once the selling is over it will be very interesting to see how fast these stocks move up. But don’t know when that is. Taiwan and Singapore are back in business while maintaining a close watch on the population with temperature checks and quick isolation; so there’s hope.

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