#emini #spfutures #SP500 #ES

Market Pressures_

Copper now a short, with the equity markets. Gold in the downtrend. Silver remains in the uptrend.

Crude oil is a short in the OPEC meeting. Natural gas has triggered a short entry.

The US 30 year Treasury bond continues the move down, but shows some short covering.

The US Dollar futures are basing and exhibiting some signs of strength.

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S&P 500 Futures_

Monthly – Overshot the 3918 target and now in a pullback from there. Trade pressures are still up. Volumes closed the month of February as bullish. the next target up is now that 3918 target. A close below 3738 (2008-09 projection) would presage a weekly move lower.

Weekly – Remains in the move up. Trade pressures are up. Volumes closed as bearish for the week. The next target up is 3926. A close below the 3656 short entry would confirm any Daily move lower.

Daily – Short. In the move down from the 3864 short entry. Trade pressures are down. Volumes are bearish. The next target down is 3769, then 3725. A close above 3934 prior high would signal higher. Use this as a short stop level.

[03-01-21: the rally has taken price near resistance. Enter short at the 3924 level. set stop at the prior swing high, 3934.] [03-03-21: [Not executed, cancel this open order.]

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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 2021 year. This portfolio has been marked to the market and restarted at $100,000 for the 2021 year.

The portfolio stocks were down this week and are now valued at approximately $127,000, up 27% for the 2021 YTD.  The portfolio had a brief touch of the $150,000 value last week. Hindsight.

Docusign (DOCU) will be replaced by Logitech (LOGI) at the Monday opening.

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