#emini #spfutures #SP500 #ES

Market Pressures_

Copper pulling back form the highs. Gold and silver testing the September lows.

Crude oil is down and has triggered a new short. Nat gas is near the 3.41 target and looking to consolidate.

The US Treasuries are down with the Dollar.

The US Dollar is creating a channel between 95 and 92.50.

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S&P 500 Futures_

Monthly – Lower Highs. Trade pressures are up. Volumes closed the month of October as bullish. The next target up is the prior high at 3576. A close below 3259 would confirm any weekly move lower.

Weekly – Now in the new move down. Trade pressures are up but reversing sharply. Volumes are bearish. The next target down is 2970. Any close above 3550 would confirm any daily move higher.

Daily – Short . In the new move down from the 3273 short entry. Trade pressures are down. Volumes are bearish. The next target down is 3162 (take the profit there).  A close above 3402 would signal higher. Use 3402 as the stop for any short.

[11-05-20: election volatility never allowed the trade entry.]

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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 were pushed down hard this last week. The portfolio stocks were down for the week and are now valued at approximately $117,000, up 17% for the YTD. This move up has absorbed the March down move of 32%.

The portfolio fundamentals continue to be important and have performed well in this reporting cycle. Institutions are likely buying these TOP 5 better fundamentals into these earnings reports.

Genmab (GMAB) will be replaced by Logitech (LOGI) on the open.

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