#emini #spfutures #SP500 #ES

Market Pressures_

Copper remains in the move up. Gold and silver are in a pullback, but looking for a new move up.

Crude Oil is in the move down.

The US 30 year Treasuries are consolidating around the 180-00 level.

The US Dollar futures are in a bear flag move up.

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S&P 500 Futures_

Monthly – Big move off the lows. Trade pressures are down but showing a bullish reversal. Volumes  closed the month of March as bearish. The next target down is 1882.  A close above 2858 would confirm any weekly move higher.

Weekly – In the move up from the 2440 long entry. Trade pressures are up. Volumes are bullish. The next target up is 3240. A close below 2598 would confirm any daily move lower.

Daily – Flat. In the move up from the 2428 long entry level. Trade pressures are up but declining. Volumes are bullish. Met the 2849 target. The next target up is 3252, but the 200 day MA is at 2949 and would be expected to turn the rally down for some profit taking.

The 60 min chart has a new short entry at 2832 which bears watching. Watch the dollar, declines should benefit the equity markets.

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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 fell back this week to approximately $90,000, now down 10% YTD. The 13% gains from these first two months of 2020 have evaporated., but so have the down 32% lows of March. The fundamentals should remain intact.

 

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