#emini #spfutures #SP500 #ES

Market Pressures_

Copper is pulling back inside it’s uptrend. Gold is trying move lower. Silver is in a shallow move down.

Crude is a retracement move up. Natural gas is in a choppy move inside a wide channel.

The US 30 Year Treasuries are side ways but looking for a new move down.

The US Dollar futures remain in the wide channel.

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S&P 500 Futures_

Monthly – The April bar has engulfed the March bar. Trade pressures are up. Volumes closed the month of April as Neutral (buyers equaled sellers).  Still in the move down. The next target down is 2461. A close above the 3176 level would confirm any weekly move higher.

Weekly – Still in the move up. Trade pressures are up Volumes are bullish. The next target up is 2833 then 3240. A close below 2671 would confirm any daily move lower.

Daily – Flat. The time pressures are down and will begin a new cycle up in the next week. Trade pressures are down into the neutral zone. Volumes are bearish. The next target up is 3262. A close below 2742 would signal lower and a target of 2361.

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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 fell back another 1% this week to approximately $87,000, now down 13% YTD. The 13% gains from these first two months of 2020 have evaporated., but so have the down 32% lows of March. The portfolio fundamentals should become more important as the market narrows.

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