#emini #spfutures #SP500 #ES

Market Pressures_

Copper has cleared the prior highs. Gold and silver are still basing.

Crude oil is moving to the lower bound of the channel. Natural gas is in a move higher.

The US 30 Year Treasury Bond is in a sustained move down.

The US Dollar futures are declining with the bond markets.

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S&P 500 Futures_

Monthly – Remains in the move up. Trade pressures are up. Volumes close the September month as bullish. The next target up is 3948. A close below 3129 would confirm any weekly move lower.

Weekly – In the April move up. Trade pressures are up but reversing. Volumes are bullish. The next target up is the 3579 prior high. A close below 3273 would confirm any daily move lower.

Daily – Flat. In a retracement move down from the 3451 short entry. Trade pressures are up. Volumes are neutral. The next target down is 3351. A close above 3533 would signal a new move higher.

A waiting the stimulus legislation.
$2 trillion would do wonders to the flows in the market.
Q3 earnings reports are surprising to the upside.

[10-28-20: lower stop to 3307.The next target down is 3162.]
[10-29-20: stopped out.]

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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 benefited from the rally this last week. The portfolio stocks were down for the week and are now valued at approximately $124,000, up 24% for the YTD. This move up has absorbed the March down move of 32%.

The portfolio fundamentals continue to be important. Institutions are likely buying these TOP 5 better fundamentals into these earnings reports.

 

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