#emini #spfutures #SP500 #ES

Market Pressures:

Copper is now a new long. Gold and silver are in moves up, with Silver lagging.

Crude oil is at resistance. Natural Gas had aggressive resumption of the move up after breaking out of the retracement bull flag on Thursday and Friday.

The US 30 year Treasury is in retracement.

The US Dollar futures are also retracing.

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S&P 500 Futures_

Monthly – Another new high. Trade pressures are up Volumes closed the month of July as bullish. The next target up is 5027. A close below 3953 would confim any weekly move lower.

Weekly – Still in the November 2020 move up from 3524. Trade pressures are up. Volumes are bullish. The next target up is 4599. A close below 4244 would confirm any Daily move lower.

Daily – The constant flow of funds has kept price above the November trendline. Trade pressures are up but rolling over. volumes remain bullish. The next target up is 4584. A close below the trendline at 4389 would signal retracement.

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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 and ended the week at approximately $153,000, up 53% 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 above 50%. Is 50% enough for the year?

Charles River Labs (CRL), Generac (GNRC) and Tempur-Sealy (TPX) will be replaced with BioNTech (BNTX), Extrage Space Storage (EXR) and Ternium (TX) at the open on Monday.

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