#emini #spfutures #SP500 #ES

Market Pressures_

Copper continues the move up. Gold is holding the 1848 support. Silver is looking a bit stronger.

Crude oil has broken out to the upside. Natural gas is still probing it lows.

The US 30 Year Treasury is testing the 200 day MA resistance.

The US Dollar futures are retesting the early November lows.

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S&P 500 Futures_

Monthly – A 420 point range low to high so far this November. Trade pressures are up. Volumes closed the month of October as bullish. The next target up is 3948. A close below 3243 would confirm any weekly move lower.

Weekly – The close above 3559 has signaled a new move up. But the move up is at resistance. Trade pressures are down into the neutral zone. Volumes are bearish. The next target up is the prior high of 3668. A close below 3364 would confirm any daily move lower.

Daily – Flat. In the move up from the 3533 new long entry, but also at resistance. Trade pressures are down. Volumes are bearish. The next target up is the prior high of 3668. The next target down is the up trend support at 3463. A break of the Friday lows would signal a test of that support and a subsequent test of the lower channel boundary at 3279. Then higher from there?

A volatile week in store, it appears. A break above the prior high negates the bear thesis.

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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 stocks were flat for the week and remain valued at approximately $109,000, up 9% for the YTD. This move up has absorbed the March-April 2020 down move of 32%.

Logitech (LOGI) will be replaced with JD.com (JD), the Chinese online retailer, on the Monday open.

 

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