Market Pressures_

Copper fully extended down. Gold and silver continue the move down.

Crude in the sharp rally upward, breaking above the May highs. Natural gas is consolidating at the weekly upside target.

The US 30 year Treasury Bonds futures are up as funds flow into the US Dollar.

The US Dollar futures making another move higher after a pause last week, but momentum seems to be receding.

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S&P 500 Futures_

Monthly – Closed higher now for three months in a row. Trade pressures are up but still trending lower. Volumes closed the month of June as bullish. In the move down from the 2662 short confirmation level. The next target down is 2304. A close above 2883 would confirm a weekly move higher.

Weekly – In a pullback after trading up to the daily long confirmation level of 2796. Trade pressures are up but in a deline toward the neutral zone. Volumes closed the week as bearish. The next target down is 2589. A close above the 2796 level would confirm any daily move higher.

Daily – Flat. In the move down from the 2735 short entry level. Trade pressures are down. Volumes are bearish.

Traded down to the 2693 level and found some end of the week support at the May 28th low.

The next target lower is 2638.

A close above 2740 would signal a new move up.

The Navellier list of the TOP 5 has changes; dropping Boeing (BA), Northrup Grumman (NOC), XPO Logistics (XPO) then adding Holly Frontier (HFC), Ecopetrol SA (EC), and Heico (HEI). The Navellier TOP 5 have had some volatility recently, but are still well ahead of the markets in percentage returns.