#emini #spfutures #SP500 #ES

Market Pressures:

Copper is looking higher. Gold is a new short. Silver also a new short.

Crude Oil is testing a new short entry. Nat Gas is flat but looking for a pull back to re-enter the long.

The US 30 year Treasury is at support in the move down.

The US Dollar futures are in a new move up.

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S&P 500 Futures_

Monthly – touched the long entry confirmation price. Trade pressures are up into the neutral zone. Volumes closed the month of July as bearish. The next target down is 3008. A close above the 4275 level would confirm any weekly move higher.

Weekly -In the move up from the mid June low. Trade pressures are up into the neutral zone. Volumes are bullish. The next target down is 3589. The next target up is 4313 and would confirm any daily move higher.

Daily – Flat. Stopped out of the long trade. Trade pressures are up but declining. Volumes are bearish. The next target down is the new short entry at 4186. A close above 4274 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 portfolio value moved down as the averages met the 200 day MA. The value moved down to approximately $73,000. The Year-to-Date portfolio performance is now down 27%.

 

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