#emini #spfutures #SP500 #ES

Market Pressures_

Copper continues the rally. Gold broke above the resistance as did silver.

Crude oil continues the rally. Natural gas is testing a new long entry level.

The US 30yr Treasuries are in a move lower.

The US dollar futures continue lower.

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S&P 500 Futures_

Monthly – Breaks above the long term trend line to new highs. Trade pressures are up. Volumes clsoed the month of November as bullish. The next target up is 3916. A close below 3370 would confirm ant weekly move lower.

Weekly – In the move up from the 3550 new long entry. Trade pressures are down into the neutral zone but rising. Volumes are bullish. The next target up is 3871. A close below 3436 would confirm any daily move lower.

Daily – Flat. In the new move up from the 3533. Trade pressures are up but reversing. Volumes are bullish. The next target up is 3909. The Sept line of resistance at 3723 has been tested three times now. A close below 3638 would signal lower. A break out of this Sept line would also be significant.

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

JD.com (JD) and Quidel Corp (QDEL) will be replaced with Logitech (LOGI) and United Microelectronics (UMC) at the open on Monday.

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