#emini #spfutures #SP500 #ES
Copper is in the move up. Gold and Silver are in the retracement move up.
Crude oil move up sharply thru the new long entry. Natural gas is close to a bullish breakout.
The US 30YR Treasury bond is in the move up.
The US Dollar futures are in the move up again; targeting the prior highs.
S&P 500 Futures_
Monthly – In the move down and back near the 2461 downside target. Trade pressures are down. Volumes closed the month of March as bearish for the second month in a row. Not seen since 2009-2010. The next target close down is 2461. A close above 2856 would confirm any weekly move higher.
Weekly – In the new move up from the 2427 long entry price. Trade pressures are down but turning up. Volumes were bullish but now bearish. The next target up is 2838. A close below 2349 would confirm any daily move lower.
Daily – Long. In the move up from the 2428 long entry. Trade pressures are down. Volumes are bearish. The next target up is 2840. A close below 2411 would signal lower. The weekly trade pressures have had a bullish reversal, so any daily bullish reversal should be positive.
Lots of “event risk” emanating from the white house.
[4-5-20: Sun Nite. Out at 2540. Look for a better entry.]
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 dropped this week to approximately $78,000, now down 22% YTD. The 13% gains from these first two months of 2020 have evaporated. But the fundamentals should remain intact.
[The author may have long or short positions in any of the securities mentioned.]