#emini #spfutures #SP500 #ES

Market Summary:

Copper is in the move down. Gold is in a pullback after the 150 pt move up. Silver is in a short trade.

Crude oil is in a short trade. Natural gas is consolidating at over-sold levels.

The US 30 yr Treasury is in a steady move up, despite over sold 10 yr yields.

The US Dollar futures are oversold.

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S&P 500 Futures_

Monthly – Still holding above prior month close. Trade pressures are down but rising. Volumes close the month of October as bearish. The next target down is 3008. A close above 4138 would confirm any weekly move higher.

Weekly – In the move up off the 3674 entry price for the week ending 10/21. Trade pressures are up into the neutral zone. Volumes are bullish. The next target up is 4190. A close below 3851 would confirm any daily move lower.

Daily – Flat. Forming a bull flag in these last four days. Trade pressures are up and still showing divergence. Volumes are bullish. The next target up is 4190. Overbought levels are now at 4013. a close below 3851 would signal lower. Oversold expectations are at 3669 and the next projected target down would be 3629.

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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 down. The portfolio value move down 5% to approximately $71,000. The energy stocks fell with the crude futures. The Year-to-Date portfolio performance is now down 29%.

At the open Monday, CF Industries (CF), Devon Industries (DVN), Petro Brazil (PBR), and Sociedad Quimica (SQM) will be replaced by Conoco Phillips (COP), Imperial Oil (IMO), Occidental Petroleum (OXY), and Valero Energy (VLO).

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