#emini #spfutures #SP500 #ES

Market Summary:

Copper has rallied off the over-sold level. Gold is coming off over-sold. Silver is a new long on Friday.

Crude oil is looking for a decision higher or lower. Natural Gas is crashing after the break below the 200 day.

The US 30 year Treasury is near a 100% target down.

The US Dollar futures are looking still lower.

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S&P 500 Futures_

Monthly – Consolidating at the downside target. Trade pressures are down. Volumes closed the month of September as bearish. The next target down is 3008. A close above 4138 would confirm any weekly move higher.

Weekly – In the new move up from the 3674 entry on 10/21. Trade pressures are down. Volumes are now neutral. The next target up is 3846. A close below the pivot low at 3502 would confirm any daily move lower.

Daily – Long. In the move up from the second entry thru the 3664 long entry level. Trade pressures are up. Volumes are bullish. The next target up is the 3819 recent pivot high. Take profits there. Price is now above the over-bot level at 3736, so use that level as the SL.

[10/24/22: Reached the 3819 upside Profit Target. Over-Bot level is 3787. Time to sell.]

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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 up, after the apparent bottom in the prior week, with a rally on Monday and a follow thru on Friday. The portfolio value rallied almost 10% to approximately $77,000. The Year-to-Date portfolio performance is now down 23%.

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