#emini #spfutures #SP500 #ES

Market Pressures_

Copper showing some neutral volumes. Gold and silver are in a small retracement down.

Crude oil remains in the uptrend. Natural gas is in a move up.

The US 30 year is approaching upside resistance.

The US Dollar futures are in a new move up.

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S&P500 Futures_

Monthly – In this strong rally since the March 2020 crash. Trade pressures are up. Volumes closed the month of April as bullish. The next target up is 4366. A close below 3742 would confirm any weekly move lower.

Weekly – In the move up from the November 3550 entry. Trade pressures are up. Volumes are bullish. The next target up is 4638. A close below 3924 would confirm any daily move lower.

Daily – Remains in the move up after the April 1st break to the upside. Trade pressures are up but declining. Volumes remain bullish. The next target up is 4603. A close below 4116 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 up this week on a reaction to the administration tax proposals and ended the week 4% higher at approximately $129,000, up 29% for the 2021 YTD.  The portfolio had a brief touch of the $150,000 value in early March 2021, then a low of $100,000 a few weeks later and now back to approximately $130,000.

Logitech (LOGI), Horizon (HZNP) and Novavax (NVAX) will be replaced with NIO Inc. (NIO), United Microelectronics (UMC) and Willams Sonoma (WSM) on Monday at the open.

 

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