#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in a new long trade. Gold and silver are in the move down, but seem stalled.

Crude oil is testing the recent lows. Natural gas attempted a move up, but has settled back into a basing mode.

The US 30 YR Treasuries are in a move down.

The US Dollar futures are in a strong move up as money flows to the US markets.

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S&P 500 Futures_

Monthly – Another new high. Trade pressures are up. Volumes closed the month of January as bullish. The next target up is 3411. A close below 3136 would confirm any weekly move lower.

Weekly – Remains in the move up from the 2943 long entry price. Trade pressures are up but turned down. Volumes are bullish again. The next target up is 3484. A close below 3228 would confirm any daily move lower.

Daily – Flat. In a pull back from the 3367 high. Trade pressures are up. Volumes are neutral. The next target up is 3376. A close below 3296 would signal lower.

Is money coming to the US from Asia? The dollar inflows are taking the dollar futures up at a rapid clip.

 

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Navellier Top 5 Stocks – This Top 5 model portfolio begins the year at $100,000. Only the Top 5 Growth stocks will be tracked this 2020 year.

The portfolio is up approximately to 109,000 or 9% YTD after the January month. This portfolio under performed the S&P 500 last year, but now seems to be slightly ahead.

 

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