S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is is a new move up after a retest of the 2.60 lows. Gold and silver are in a wide consolidation after reaching upside targets.

Crude oil continues the move up. Natural gas is at the 2.47 upside target.

The US 30 year treasuries are in a move down.

The US Dollar futures are consolidating at the 95-97 levels.

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S&P 500 Futures_

Monthly – In the m ive up off the 2904 long entry. Trade pressures are up. Volumes closed the month of June as bullish. The next target up is 3406. A close below 2797 would confirm any weekly move lower.

Weekly – In the move up from the 2879 new long entry. Trade pressures are up. Volumes are bullish. The next target up is 3048. A close below 2890 would confirm any daily move lower.

Daily – Flat. In the move up from the 2969 new long entry. Trade pressures are up. Volumes are bullish. The next target up is 3067. A close below 2962 would signal lower.

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The Navellier Top 8 Stocks – The $100,000 model portfolio of these stocks is up over $117,000 YTD thru the end of the week. The total buy list of some 50 stocks are characterized by 65% average annual earnings growth and 16.5% average annual sales growth.

According to FactSet, the S&P 500 is forecast to post a 2.6% earnings decline and 3.8% annual revenue growth for the second quarter. So, while the market may slow down or decline, these stocks should be very resilient.

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

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