#emini #spfutures #SP500 #ES

Market Pressures_

Copper has had a big rally from the Aug long entry. Gold looks lower still. Silver is basing and could break out above 25.

Crude oil is in the move up. Natural gas is basing.

The US30 year Treasury Bonds are in a trading channel.

The US Dollar is testing $90.00 but could have a retracement rally soon.

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S&P 500 Futures_ ESH21

Monthly – In the April uptrend. Trade pressures remain up. Volumes closed the month of November as bullish. The next target up is 3918. a Close below 3344 would confirm any weekly move lower.

Weekly – In the November move up from the 3550 entry. Trade pressures are in the neutral zone and rising. Volumes are bullish. The next target up is 3871. a close below 3440 would confirm any daily move lower.

Daily – Flat. In the November move up from the 3533 long entry. Trade pressures are down. Volumes are bullish. The next target up is 3909. A close below 3579 would signal lower and put the 3403 target in play. If the weekly trade pressures rise out of the neutral zone and the daily has a bullish reversal; then expect a retest of the channel high at 3713.

Brexit and the US stimulus talks may drive events. Perhaps lower before higher.

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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 down for the week and are now valued at approximately $116,000, up 16% for the YTD. The March-April 2020 down move of 32% has been completely reversed.

 

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