#emini #spfutures #SP500 #ES

Market Pressures_

Copper has pulled back to trest support. Gold and Silver declined into the weeks-end as the dollar strengthened.

Crude oil remains in consolidation. Natural gas had a hard sell off down to 2.48 and rebounded into the close for the week.

The US 30 year Treasuries are in a slow move up in the face of a rising dollar.

The US Dollar futures are in the new move up after the basing completed.

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S&P 500 Futures_

Monthly – Over a 300 point drop so far for the month. Trade pressures are up. Volumes closed the Month of August as bullish, albeit on light volumes. The next target up will be the prior high at 3576. A close below 3115 would confirm any weekly move lower.

Weekly – In a retracement down form the 3576 highs. Trade pressures are up but rolling over. Volumes are bullish. The next target up is 3642. A close below 3273 would confirm any daily move lower.

Daily – Short. In the move down from the 3350 short entry. Trade pressures are down but rising. Volumes are now neutral. The next target down is 3239 with the profit target at 3128. A close above the 25×5 MA at 3388 would signal higher.

[9-27-20: Set the stop at 3320.] [9-28-20: Stopped out in the AM. Look for a new short opportunity near 3358]

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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 countered the market sell off once more this last week. The portfolio stocks were up for the week and are now valued at approximately $122,000, up 22% for the YTD.

The portfolio fundamentals continue to be important as the market narrows. Institutions are buying these better fundamentals into the quarter end.

Kroger (KR) and West Pharmaceuticals (WST) will be replaced at the open on Monday with GenMab (GMAB) and Novamax (NVAX).

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