#emini #spfutures #SP500 #ES

Market Pressures:

Copper is looking higher. Gold and silver are searching for lows.

Crude is in a new move up. Natural gas is also moving higher.

The US 30 year Treasuries have stopped out of the long trade.

The US Dollar futures have reached a target and look to be consolidating.

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S&P 500 Futures_

Monthly – In the move down form the 4545 short entry. Trade pressures are down. Volumes closed the month of June as bearish. The next target down is 3008. A close above 4275 would confirm any weekly move higher.

Weekly – At the the 3589 downside target. Trade pressures are down. Volumes are neutral. The next target  down is 2840. A close above 4213 would confirm any daily move higher.

Daily – Long in the move up from the 3818 entry. Trade pressures are up. Volumes are bullish. The next target up is 3969. A close below 3885 would signal lower and is the SL.

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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 was down again and the value moved down to approximately $66,000. The Year-to-Date portfolio performance is now down 34%.

(The Navellier Top 5 Portfolio is all energy. I might not do that, Perhaps add some Gold and the US Dollar ETF to offset the risk. But When this market turns, it is going to chase fundamentals and cashflow and the TOP 5 is that.)

 

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