#emini #spfutures #SP500 #ES

Market Pressures:

Copper is a short. Gold sells off hard to support levels. Silver follows gold.

Crude oil is back testing the July breakout. Natural Gas still looks higher.

The US 30 year Treasury has sold off hard as the jobs report signals improvement in the economy.

The US Dollar futures are sharply higher at the weekend on the same jobs report.

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S&P 500 Futures_

Monthly – In the move up from 3810 in April 2020. Trade pressures are up. Volumes closed the month of July as bullish. The next target up is 5027. A close below 3965 would confirm any weekly move lower.

Weekly – In the move up from the 3924 entry in November 2020. Trade pressures are up. Volumes are bullish. The next target up is 4599. A close below 4167 would confirm any daily move lower.

Daily – In the move up. Trade pressures are up. Volumes are bullish. The next target up is 4548. A close below 4343 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 ended the week at approximately $146,000, up 46% 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, now near 50% once again.

As of the open on Monday, august 2nd, Charles River (CRL), EPAM Systems (EPAM), and Tempur Sealy (TPX) have replaced BioNTech (BNTX), Futu Holdings (FUTU), and Taiwan Semiconductor (TSM).

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