#emini #spfutures #SP500 #ES

Market Pressures_

Copper is showing lower. Gold and silver are both in a retracement down after the big move up.

Crude oil is in a the flat sideways move. Natural gas made a big move up and si now in increasing daily ranges as it tries to find new direction.

The US 30 year Treasury is testing resistance after a move down.

The US Dollar futures are experiencing some short covering.

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S&P 500 Futures_

Monthly – New highs. Trade pressures are up. Volumes closed the month of July as bullish. The next target up is 3948. A close below 2928 would confirm any weekly move lower.

Weekly – In the move up. Trade pressures are up. Volumes are bullish. The next target up is 3485. A close below 3110 would confirm any daily move lower.

Daily – Flat. Moving up through old highs. Trade pressures are up but declining. Volumes remain bullish. The next target up is 3540. The stochastic indicators are all showing over bought. A close below 3306 would signal lower.

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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 Top 5 portfolio stocks rallied with earnings reports during this last week. The portfolio stocks are up 5% for the week and valued at approximately $112,000, now up 12% for the YTD. The portfolio fundamentals continue to be important as the market narrows.

 

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