#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in the move up. Gold and silver are in rally mode.

Crude oil is in the move but pulling back. Natural gas is in a similar move.

The US 30 year Treasuries are in the move up.

The US Dollar futures are pulling back after a strong month up.

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S&P 500_

Monthly – In the move up. Trade pressures are up. Volumes closed the month of January as bullish. The next target up is 3411. A close below 3176 would confirm any weekly move lower.

Weekly – In the move up from the 2943 long entry price . Trade pressures are down into the neutral zone. Volumes are bullish. The next target up is 3484. A close below 3269 would confirm any daily move lower.

Daily – Short . In the move down from the 3336 short entry level. Trade pressures are  down. Volumes are bearish. The next target down is 3237. A close above 3375 would resume the move up. With the weekly pressures down any daily move up is likely to be limited.

[2-23-20: short entered on the Sunday nite open at 3310. Set stops at the entry price.]

[2-26-20: lower stops to 3180.] [2-26-20 PM; close short at 3130.]

 

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Navellier Top 5 Stocks – This Top 5 model portfolio begins the year at $100,000. Only the Top 5 Growth stocks will be tracked this 2020 year.

The portfolio is down this week to approximately $109,000 or 9% YTD, in this February month. This portfolio under performed the S&P 500 last year, but now seems to be slightly ahead.

 

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