#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in the move up. Gold and silver are in moves up, but volumes has dropped significantly.

Crude oil is in a retracement down and is driven by news. Natural Gas has moved up to resistance levels and is moving down to support.

The US 30 year Treasury Bonds are in a move down.

The US Dollar futures are in a move down.

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S&P 500 Futures_

Monthly – The 2461 target has held the closing lows. Trade pressures are down. Volumes closed the month of March as bearish. The next target down is the previous low of 2174. A close above 2858 would confirm any weekly move higher.

Weekly – The March lows occurred with predominately bullish average volumes. Trade pressures are rising into the neutral zone. Volumes are neutral. Also on very light volumes. The next target up is 2838. A close below 2523 would confirm any daily move lower.

Daily – In the move up from the 2428 long entry. Trade pressures are up. Volumes are bullish. The next target up is 2840. The 200 day MA is at 2957 and should act as resistance and could signal lower prices. A close below 2523 would signal lower.

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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 rallied this week to approximately $91,000, now down 9% YTD. The 13% gains from these first two months of 2020 have evaporated., but so have the down 32% lows of March. The fundamentals should remain intact.

 

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