#emini #spfutures #SP500 #ES

Market Summary:

Copper is in a new move up above the 200 day. Gold has broken above resistance. Silver has reached the target in the second leg up.

Crude oil is down below the long entry. Natural gas is in free fall.

The US 30YR Treasury bond is turning up.

The US Dollar futures are down hard on the JOBS report.

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S&P 500 Futures_

Monthly – In consolidation at the lows. Trade pressures are down but rising. Volumes closed the month of December 2022 as neutral for the second month. The next target down remains the 3008 level. A close above 4169 would confirm any weekly move higher.

Weekly – Pulled back to the lower median line which acts as support in the uptrend. Trade pressures are down into the neutral zone. Volumes are bearish. The next target up is 3957. A close below 3768 would confirm any daily move lower.

Daily – Flat. In the move down from the 3969 short entry on 12/15/22. Trade pressures are up into the neutral zone. Volumes are now bullish. The next target down is 3758. A close above 3941 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 2023 year.

The Navellier portfolio stocks closed down 35% for the 2022 Year.

This week’s market ended with a breakout of the trading range to the upside. The portfolio value remained unchanged at approximately $100,000. The Year-to-Date portfolio performance is now up 0%.

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