S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is reacting to the trade war signals and the equity markets. Gold and silver are looking higher.

Crude oil is in a move up and near resistance. Nat Gas is in a new long.

The US 30year Treasury Bond is at resistance.

The US Dollar futures have resumed their move up.

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S&P 500 Futures_

Monthly – Another new high. Trade pressures are up. Volumes closed the Month Of October as bullish. The next target up is 3408. A close below 2911 would confirm any weekly mover lower.

Weekly – The first weekly close lower in six weeks. Trade pressures are up and extended. Volumes remain bullish. The next target up is 3213. A close below 3004 would confirm any Daily  mover lower.

Daily – Flat. Still in the uptrend from the Oct 4th move up. Trade pressures are up but declining. Volumes are bullish.

The next target up is 3156.

A close below 3072 would signal lower, with support nearby at 3046.

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Navellier Top 8 Stocks – This Top 8 model portfolio began the year at $100,000 has been flart this week  staying at approximately $112,000, or up about 12 percent for the year-to-date which is still trailing the major averages.

Autozone (AZO) and Chipotle (CMG) will be replaced with Copart (CPRT) and Keysight Tech (KEYS). Ajax (AJX), CocaCola Europe (CCEP), and First Amer Financial (FAF) will be replaced by Apollo (APO), MDC Holdg (MDC) and McGrath Rental (MGRC). These changes will occur at the  Monday opening. While these fundamentals look very good, the technicals suggest starting with partial positions and adding more later.

 

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

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