Market Pressures_

Copper is in a move down. Gold is consolidating with a possible retracement in view. Silver is showing downward pressures.

Crude oil is at the 63 target and is ready for a small retracement. Natural gas is running into resistance.

The US 30 year Treasury Bond futures are at down side targets and showing some divergences.

The US Dollar futures are still in the move down but also showing some divergences. The dollar appears to be searching for a bottom as the US equities markets go higher. There may be international flows coming this way.

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S&P 500 Futures_

Monthly – Moving thru the 2766 level with no difficulty. Trade pressures are up. Volumes closed the December month as bullish. The next target up is 3383. A close below 2594 would confirm any Weekly mover lower.

Weekly – Second week up on fair volume after the break of 2729. Trade pressures are up. Volumes is bullish. The next target up is 29.27. A close below 2742 would confirm any daily move lower.

Daily – Flat. The rally continues after the breakout of 2738, beginning to see some down day closes. Trade pressures are up. Volumes are bullish.

The next target up is 2850.

A close below 2769 would signal lower.

The down day volumes were larger than the up day volumes. So there is some skittishness.

This week has been a good week for the Navellier Top 5.