#emini #spfutures #SP500 #ES

Market Pressures_

 

Copper has continue the rally towards 5.00. Gold and  silver continued the move higher.

Crude oil is retesting the March highs. Natural gas Is at the 200 day MA and looking to break above.

The US Treasury Bond is near a completion of the retracement move up.

The US Dollar futures are retesting the February lows.

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S&P 500 futures_

Monthly – This year long run is looking a bit steep. Trade pressures are up. Volumes closed the March month as bullish, the 10th month. The next target up is 4366. A close below 3764 would confirm any weekly move lower.

Weekly – In the move up from the October long entry at 3550. Trade pressures are up, volumes continue to be bullish albeit with lower volumes. The next target up is 4638. A close below 3946 would confirm any daily move lower.

Daily – Still in the move up from the September 3535 long entry. Trade pressures are up. Volumes are bullish. Price has broken above the upper channel boundary in a show of strength. The next target up is 4603. A close below 4142 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 and ended the week 4% 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 2021, then a low of $100,000 a few weeks later and now back to approximately $125,000.

 

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