#emini #spfutures #SP500 #ES
Market Pressures:

Copper is consolidation in the long trade. Gold is long and has made a nice move. Silver is also long but missed the long entry.

Crude oil is showing a short, but volumes say bullish. Natural gas is trending up.

The US 30 year Treasury is now a new long.

The US Dollar futures are in the move down but with upward pressures.

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S&P 500 Futures_

Monthly – In the move down from the 4808 all time high. Trade pressures are up but turning down. Volumes closed the month of January as bearish. The next target up is 5018. A close below  4252 would confirm any weekly move lower.

Weekly – In the move down from the 4505 short entry. Trade pressures are down. Volumes are bearish. The next target down is 4202 which was touched 4 weeks ago. A close above 4596 would confirm any daily move higher.

Daily – In the move down from the 4445 short entry. Trade pressures are neutral to down. Volumes are bearish. The next target down is 4288. A close above 4408 would signal higher.

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Navellier Top 5 Stocks – This Top 5 model portfolio begins each year at $100,000. The Top 5 Growth stocks are tracked throughout each year. This portfolio is marked to the market and is restarted at $100,000 for the 2022 year.

The portfolio stocks closed up 39% for the 2021 Year.  This last week in 2022 was down 3% to approximately $82,000. The Year-to-Date portfolio performance is now down 15%.

 

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