Market Pressures_

Copper has moved up sharply and has triggered profit stops. Gold triggered a long entry and was taken out with a profit stop also. Silver has followed gold.

Crude triggered a new long entry but the oscillator are overbot. Nat gas has had a nice move up but still in neutral zones.

US 30 year Treasury Bond futures are rising but inside a longer move down.

The US Dollar futures continue their move down. The move is extended so be alert for a change.

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S&P 500 Futures_

Monthly – This Bull leg in place from April 2016. Trade pressures are up and trending. Volumes closed th month of December as bullish. The next target up remains 2768. A close below 2477 would confirm any Weekly move lower.

Weekly – Nearing the final target level of the rally started November 2016. Trade pressures are up and extended. Volumes are bullish. The next target up is 2728. A close below the 2625 level would confirm any Daily move lower.

Daily – Flat.  This uptrend started in mid September 2017 and has been uninterrupted only with the successful test in November of the support line. Trade pressures are up, but turning lower. Volumes have changed from neutral to bearish.

The next target level up is 2737.

A close below 2634 would signal lower with the first targets near the November lows.

The Navellier Top 5 Stock selections have performed well the last quarter of 2017. We carry those positions forward into the 2018 calendar year on our Trade Results 2018.

The futures trading results were rewarding as well. See the Trade Results for 2017.