#emini #spfutures #SP500 #ES

Market Pressures:

Copper is the China manufacturing signal; looking higher. Gold and silver are still in the downward sloping channel.

Crude oil still in the aggressive move up. Natural Gas is consolidating in a wide range.

The US 30 year Treasury is now in a new short trade.

The US Dollar futures are now at resistance.

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S&P 500 Futures_

Monthly – Consolidating. Trade pressures are up. Volumes closed the month of September as bearish. The next target up is 5027. A close below 3984 would confirm any weekly move lower.

Weekly – In the move up from the November entry at 3524. Trade pressures are down. Volumes are now neutral. The next target up remains 4599. A close below 4237 would confirm any daily move lower.

Daily  – The pullback has touched the short entry at 4263, but no close. Trade pressures are up. volumes are bullish. The next target up is 4438. A close below 4236 would signal an new short entry.

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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 ended down again for the week  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 rose once again above 50% in early September. October earnings reports may provide some relief.

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