#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in a retracement after the growth stocks sold off. Gold and silver had some profit taking also.

Crude oil rallied to the high end of the range. Nat gas is in a nice move up.

The US Treasuries are In a retracement after a move up.

The US dollar futures have a bullish weekly volume bar in the move down, but no reversal yet.

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S&P 500 Futures_

Monthly – Another monthly high is this recovery run up. Trade pressures are up. Volumes closed the month of July as bullish. The next target up is 3389. A close below 2927 would confirm any weekly move lower.

Weekly – Near the Q1 prior high at 3375. Trade pressures are up. Volumes are bullish. The next target up is 3485. A close below 3061 would confirm any daily move lower.

Daily – Still in the move up. Trade pressures are up. Volumes are bullish. the next target up is 3375. A close below 3276 would signal lower.

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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 Top 5 portfolio stocks rose with the market during this last week. The portfolio stocks are up 2% for the week and valued at approximately $112,000, now up 12% for the YTD. We exceeded the 13% gains from the first two months of 2020 early in the week; but couldn’t hold them into the week’s close. The portfolio fundamentals continue to be important as the market narrows.

 

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