#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in the new move up and quickly at the targets. Gold has tried to rally but looks lower. Silver is overbought.

Crude has rallied to the mid 20’s and is also overbought. Natural gas has sold down to support, look for a rally.

The US 30 year Treasury Bonds are looking lower.

The US Dollar Futures are in the channel with another leg down, but already oversold.

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S&P Futures_

Monthly – Still in the monthly move down. Trade pressures are up. Volumes closed the  month of April as neutral. The next target down is 2461. The close above 2858 confirms the weekly move up. The next target up is 3176.

Weekly – In this volatile move up from 2440. Trade pressures are up and extended. Volumes are bullish. The next target up is 3240. A close below 2678 would confirm any daily move lower.

Daily – Flat. In the move up from the 2428 long entry in late March. Trade pressures are up. Volumes are bullish but on very low volumes. The next target up is the confluence of the 200 day MA at 2936 and the recent high pivot at 2965. Beyond these targets is the upper bound of the channel at 3252.

Time pressures now begin to decline into the end of May.

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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 Top 5 portfolio rose 7% this week to approximately $94,000, now down only 6% YTD. The 13% gains from these first two months of 2020 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.]