#emini #spfutures #SP500 #ES

Market Pressures_

Copper is moving down with the equity markets. Gold and silver both rallying on inflation concerns.

Crude oil testing the recovery highs. Natural gas runs into resistance at the 3.22 level.

US 30YR Treasuries are in a consolidation after a long move down.

The US Dollar futures are in a similar consolidation after a move down.

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S&P 500 Futures_

Monthly – No new high. Trade pressures are up. Volumes closed the month of April as bullish. The next target up is 4366. A close below 3770 would confirm nay weekly move lower.

Weekly – In the November move up from 3550. Trade pressures are up. Volumes are bullish. The next target up is 4638. A close below 3935 would confirm any daily move lower.

Daily – Short. In the move down from the 4143 short entry price. Trade pressures are now up. Volumes are neutral. The next target down is 4004. A close above 4185 would signal a resumption of the move up.

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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 lower at approximately $115,000, up 15% 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.

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