#emini #spfutures #SP500 #ES

Market Pressures:

Copper is in a new long. Gold and silver are long but near resistances.

Crude Oil is still moving down. Nat gas is near a downside support.

The US 30 year Treasury is out of the long trade and looking for a short entry.

The US Dollar broke out to new highs, expect retracement.

_________________________

S&P 500 Futures_

Monthly – Another new high month. Trade pressures are up but rolling over. Volumes closed the month of October as bullish. The next target up is 5018. A close below 4155 would confirm any weekly move lower.

Weekly – In the  move up from the November 2020 long entry at 3508. Trade pressures are up. Volumes remain bullish. The next target up is 5489. A close below 4508 would confirm any daily move lower.

Daily – In the move up off the 10/28 long entry at 4579. Trade pressures are up but rolling over. Volumes are bearish to neutral. The next target up is 4936. A close below 4628 would signal lower. Support is at 4535, the next downside target.

____________________

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 lost $1000 over the last week moving down to approximately $143,000, up 43% 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 seem to have provided some relief.

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