#emini #spfutures #SP500 #ES

Market Pressures_

Copper rises with the equity markets. Gold an silver are in the move down.

Crude continues to rise after the break above 53. Natural gas stalled at the 200 day.

Treasuries continue the long, orderly move down.

The US Dollar futures are movi ng up off the 89.33 base.

_____________________

S&P 500 Futures_

Monthly – The new highs are continuing. Trade pressures are up. Volumes closed the month of January as bullish. The next target up is 3918. A close below 3420 would confirm any weekly move lower.

Weekly – Still in the move up from the 3550 long etry. Trade pressures are up, but showing divergence. Volumes are bullish. The next target up is 3925. A close below 3809 would confirm any daily move lower.

Daily – In the move up after the 3830 breakout. Trade pressures are up Volumes are bullish. The next target up is 3901.

Short term support is at 3838. A close below 3798 would signal lower.

_____________________

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 up sharply for the second week with the continued rally in Novavax (NVAX), which has now more than doubled, and are now valued at approximately $143,000, up 43% for the 2021 YTD.  Again, an individual may be forgiven for taking profits here and waiting for the next correction, but SOM will hold.

 

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