Market Pressures_

Copper is a short with tight stops. Gold and silver are near upside targets.

Crude is in a upside trending move. Natural gas appears to have put in a bottom.

The US 30 year Treasury Bonds are in a sharp move down but at targets that may provide support.

The US Dollar futures are in a sharp move down also.

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S&P 500 Futures_

Monthly – Thru the 2766 upside Monthly target. expect consolidation and or retracement. Trade pressures are up. Volumes closed December as bullish. A close below the 2569 level would confirm any Weekly move lower.

Weekly – Sharp move up after the break above the 2729 level. Trade pressures are up. Volumes remain bullish. A close below 2717 would confirm any Daily move lower.

Daily – Flat. In the move up from the November 2600 entry level. Trade pressures are up. Volumes are bullish.

The break above 2738 has activated the 2850 upside target. Nothing says lower yet. But there is some divergences in the relative strength indicators suggesting some selling into this rally.

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The Navellier Top 5 stock picks have move up more than 5% in this January opening month. % more new buys are added even at these market highs.

Earnings Matter!