Market Summary_

Copper made an attempt at a move up but failed at resistance, Gold and Silver remain in a sideways move.

Crude is at highs and is showing divergences. Natural gas is a classic weather trade.

The US 30yr Treasuries are in a move up, indicating some stresses somewhere in the markets.

The US Dollar is still in the retracement down.

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S&P 500 Futurues_

Monthly – The multi year move up continues. Trade pressures are up. Volumes close the month of November as bullish. The next target higher is 2788. A close below 2437 would confirm any weekly move lower.

Weekly – Also in this long move up from the 2162 long entry. Trade pressures are up but becoming extended. Volumes are bullish. The next target up is 2718. A close below 2586 would confirm any daily move lower.

Daily – Flat. In the move up out of consolidation from a new long entry at 2596. Trade pressures are up and also becoming extended. Volumes closed the week on a bullish note.

The week was marked by a rotation out of the Techs into Financials and Industrials. The  Navellier Top 5 pulled back as well. But their fundamentals remain strong and allow for continued purchases. See the results updates at https://southocean.net/trading-results-2/trading-results-2017/