Market Pressures_
Copper has pulled back from the first move up. Gold is sinking, but Silver is in a new long trade.
Crude oil is at the weekly upside target. Natural Gas ran to the 3.05 target and now is consolidating.
The US 30 year Treasury Bond was stopped out of the short trade during FED week.
The US Dollar futures fell but stopped short of a new short trade, then rallied into the FED announcement.
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S&P 500 Futures_
Monthly – Closed just twelve point higher than August. Trade pressures are up. Volumes closed the month of September as bullish. The next target up is 3383. A close below 2726 would confirm any weekly move lower.
Weekly – Closed just off last week’s high at the 2927 target level. Trade pressures are up. Volumes are still bullish. The next target up is 3234. A close below 2867 would confirm any daily move lower.
Daily – Flat. Consolidating at the 2938 upside target level. Trade pressures are down into the neutral zone. Volumes are bearish. The next target up is 2988. A close below 2886 would signal lower.
Navellier Top 5 stocks are changing with the updated October list. ABMD and HFC are dropped and BURL and FTNT are added. The yearly virtual gains are now approximately $28,000 with ABMD as the big winner. (see the 2018 results)