#emini #spfutures #SP500 #ES

Market Summary:

Copper is consolidating at the 4.09 target.  Gold is approaching at overbought levels. Silver at 24 resistance.

The Crude is at upside targets. Natural gas July contract has fallen thru support.

The US 30yr Treasury Bond June contract remains a long but still in consolidation.

The US Dollar futures are now at support, but could fall farther from here.

_________________

S&P 500 Futures (June contract)

Monthly – Five months of neutral volumes suggest accumulation. Trade pressures are rising but still in the neutral zone. Volumes closed the month of March as neutral. The next target down is 3084. A close above 4204 would confirm any weekly move higher.

Weekly – The weekly has reversed to a long after closing above the 3998 long entry. Trade pressures are now down. Volumes are now bullish. The next target up is 4256. A close below the 3939 weekly low would confirm any daily move lower.

Daily – Flat. The new long trade signaled at the 3944 level on 3/17 remains in place. Trade pressures are up five day in this week. Volumes are bullish. The next target up is 4259. Overbought is 4063. A close below the lower median line at 4085 would signal lower. Oversold is 3890.
Looking for a pullback to near the 4000 level after this quarter end.

___________________

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 up above the 4100 level. Portfolio values moved up nicely to above $109,000. The Year-to-Date portfolio performance is up 9%.

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