#emini #spfutures #SP500 #ES

Market Pressures_

Copper is moving with the equity markets. Gold and silver both in consolidation inside a retracement move down.

Crude oil is waiting for the producers to further restrict supply. Natural gas remains in the move up towards the 3.00 levels.

The US 30 year Treasury Bond is retracing inside the move up.

The US Dollar futures are trying to move off the recent lows.  May have one more leg down.

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S&P 500 Futures_

Monthly – In the move up. Trade pressures are up. Volumes closed the month of July as Bullish. August volumes appear much lower. The next target up is 3948. A close below 3223.41 would confirm any weekly move lower.

Weekly – Continues in the move up. Trade pressures are up. Volumes are bullish. The next target up is 3582. A close below 3223 would confirm many daily move lower.

Daily – Flat. In the move up. Friday broke up out of a small downward channel to resume the larger move up. Trade pressures are up. Volumes are bullish. The next target up is 3576. A close below 3363 would signal a new move 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 dropped with earnings reports during this last week. The portfolio stocks were down 5% for the week and valued at approximately $107,000, now up 7% for the YTD. The portfolio fundamentals continue to be important as the market narrows.

DexCom (DXCM) and Genmab (GMAB) will be replaced at the open on Monday with Kroger (KR) and West Pharmaceuticals (WST).

 

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