#emini #spfutures #SP500 #ES

Market Pressures:

Copper is in a new long trade. Gold has signaled a new move up. Silver is in consolidation.

Crude oil is in a new move up. Natural gas is consolidating at the 200 day MA.

The US 30 Year Treasury Bond continues the move lower, but is near a long entry.

The US  Dollar future is in retracement lower.

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S&P 500 Futures_

Monthly – Breaks the June lows. Trade pressures are down. volumes closed the mont of September as bearish. The next target down is 3008. A close above 4232 would confirm any weekly move higher.

Weekly – A the 3597 downside target. Trade pressures are down. Volumes are bearish. The next target down is 3181. A close above 3230 would confirm any daily move higher.

Daily – In the move down from the 9/13 short entry at 4070. Trade pressures are down. Volumes are bearish. The next target down is 3552. A  close above 3757 would signal higher.

[10/4/22: Long @ 3734. Take profits at 3916. SL @ BE, 3734.]
[10/5/22: Stopped out @3734.]

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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 week’s market closed on its lows. The portfolio value increased to approximately $65,000. The Year-to-Date portfolio performance is now down 35%.

On Monday, Cenovus Energy (CVE) and Occidental Petroleum (OXY) will be replaced by Petroleo Brasileiro (PBR) and Sociedad Quimica y Minera (SQM).

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