#emini #spfutures #SP500 #ES

Market Pressures_

Copper in consolidation off the highs. Gold is rising off the recent lows. Silver is about to signal a new long.

Crude oil looking higher. Nat Gas is still showing lower highs; needs to break the downtrend resistance.

The US 30 year Treasury is in the December 2020 downtrend.

The US Dollar futures grind lower, but had a late day rally as the year closes out.

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S&P 500 Futures_

Monthly – Closed on the highs for the year. Trade pressures are up. Volumes closed the month as bullish. The next target up is 3918. A close below 3245 would confirm any weekly move lower.

Weekly – In the move up from the 3550 new long entry. Trade pressures are up. Volumes are neutral. The next target up is 3871. A close below 3462 would confirm any daily move lower.

Daily – Flat. In the move up from the 3533 long entry. Trade pressures are up and trending. Volumes are bullish. The next target up is 3909. A close below 3632 would signal lower.

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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. This portfolio will be marked to the market and restarted at $100,000 for the 2021 year.

The portfolio stocks were down for the week and are now valued at approximately $108,000, up 8% for the 2020 YTD. The March-April 2020 down move of 32% has been completely reversed. There was an opportunity to take a 25% gain in the summer, but that faded into the year end.

The Zoom holding accounts for most of the recent move in the portfolio, both up and down.

 

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