#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in a move down. Gold started a move down and rallied; silver as well.

Crude in the long move up. Natural gas basing at the lows.

US 30 Year Treasuries are in the longer cycle down, but rallying close to a new long entry.

The Us Dollar futures are turning down.

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S&P 500 Futures_

Monthly – Remains in the downtrend. Trade pressures are rising into the neutral zone.Volumes have closed as neutral foe both the January and February months. The next target down is 2372. A close above the 2900 level would confirm the weekly moves up.

Weekly – Continues the move up from the 2423 long entry price. Trade pressures are up. Volumes are bullish. The next target up is 2976. A close below 2686 would confirm any daily move lower.

Daily – Flat. Have cleared the 2818 pivot high with the Friday close of 2836. Trade pressures are up. Volumes are bullish. The next target up is 2970. A close below the 2718 level would signal lower.

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Navellier Top 8 – The value of the $100,000 Model Portfolio is sightly more than 116,000 for a nice percentage move up for the first three months. Of the eight stocks, four have been replaced. All are A-rated within the screening system employed by Worth Asset Management, LLC.

 

[The author may have long or short positions in any of the securities mentioned.]