#emini #spfutures #SP500 #ES

Market Summary:

Copper consolidating at lower levels.  Gold short at support levels. Silver drops to first target; looking lower.

The Crude long trade is meeting resistance; looking for reversal. Natural gas signals higher.

The US 30yr Treasury Bond breaks down. But recessionary fears should attract buyers; watch the 10yr yields.

The US Dollar futures now long with a break above the 102 levels.

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S&P 500 Futures

Monthly – A close above the 4200. Trade pressures are up. Volumes closed the month of April as bullish, May volumes remain low. The next target down is 3084. A close at 4204 confirms the weekly move higher.

Weekly – The weekly long at 3998 continues to move higher and the week closed above the prior week high. Trade pressures are still up. Volumes remain bullish. The next target up remains 4256. A close below the prior short signal of 4032 would confirm any daily move lower.

Daily – Long. The close above 4148 has triggered the new long. Trade pressures are up. Volumes are now bullish. The next target up is 4246.  Overbought is now 4207. A break below 4122 would signal lower. The next oversold level is 4062.

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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 moved sideways all week. Portfolio values moved down on the First Solar retracement to approximately $114,000. The Year-to-Date portfolio performance is now up 14%.

 

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