#emini #spfutures #SP500 #ES

Market Pressures_

Copper is leading the equity market now, Gold and silver have pulled back but look to move higher.

Crude Oil is in a new short trade but not supported in the higher time frames. Natural gas is in a new uptrend. but no obvious long entry.

The US 30 Year Treasury is rallying, but weekly pressures are still down..

The US Dollar futures look lower.

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S&P 500 Futures_

Monthly – Another intraday high. Trade pressures are are up. Volumes closed the month of May as bullish. The next target up is 4388. A close below 3718 would confirm any weekly mover lower.

Weekly – Still in the move up from the October 3550 long entry. Trade pressures are up. Volumes are bullish. The next target up is 4638. A close below 3900 would confirm any daily move lower.

Daily – In the move up from the March 3786 long entry. Trade pressures are down into the neutral zone. Volumes are bullish. The next target up is 4200. A close below 4097 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 2021 year. This portfolio has been marked to the market and restarted at $100,000 for the 2021 year.

The portfolio stocks traded down this week on a reaction to the administration tax proposals and ended the week 5% lower at approximately $125,000, up 25% for the 2021 YTD.  The portfolio had a brief touch of the $150,000 value in early March and a low of $100,000 a few weeks later.

 

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