#emini #spfutures #SP500 #ES

Market Summary:

Copper has re-entered the move down. Gold is retesting the 1836 high. Silver is in a short trade.

Crude oil is a new long but retracing. Natural gas is consolidating around the 6.72 target.

The US 30 year Treasury is at the upside target. Expect some retracement.

The US Dollar futures are at the downside target; looking higher.

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S&P500 Futures_

Monthly – Higher closing highs and lower closing lows compared to the November month. Trade pressures are down but rising. Volumes closed the month of November as neutral. The next target down remains 3008. A close above 4169 would confirm any weekly move higher.

Weekly – In a retracement move down from the week ending 12/16 at 3981. Trade pressures are up. Volumes are now bearish. The next target down is 3758. A close above 4103 would confirm any daily move higher.

Daily – Short. In the new move down from the 3981 short entry. Trade pressures are down. Volumes are bearish. The next target down is 3758. Oversold levels are 50 pts lower. A close above 3998 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 week’s market closed down once again. The portfolio value moved up 1% to approximately $63,000. Again, the concentration in energy stocks following the crude futures. The Year-to-Date portfolio performance is now down 37%; a disaster compared to the energy ETF which is up 53% YTD.

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