#emini #spfutures #SP500 #ES
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.
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.
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.
[The author may have long or short positions in any of the securities mentioned.]