Market Summary_

Copper is a new short. Gold and Silver remain in consolidation.

Crude oil is looking short term toppy. Natural Gas is in a new move up.

The US 30 year Treasury Bonds is in a new short.

The US Dollar futures are still in the move up. but having a pause.

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S&P 500 Futures_

Monthly – Narrow range so far in the month. Trade pressures are up. Volumes closed the month of October as bullish. The next target up is 2766. A close below 2375 would confirm any weekly move lower.

Weekly – The lower weekly close was the first in many weeks. Trade pressures are up, perhaps extended at 78 RSI. Volumes remain bullish. The next target up is 2729. A close below 2522 would confirm any Daily move lower.

Daily – Flat. 30 days of rally after the September breakout at 2522. Retracement would be normal. Trade pressures are now down into the neutral zone. Have not been here since the first week of August 2017. Volumes are still bullish which may suggest continued rotation from sector to sector.

The next target up is 2648.

A close below 2574 would signal lower. This level is very close.

The Navellier TOP 5 stocks are up about 10% since their introduction here in the last week of September 2017.