#emini #spfutures #SP500 #ES

Market Pressures_

Copper is now at the 2.91 upside target. Gold is retracing inside the uptrend. Silver is in consolidation.

Crude oil is in a move up but looking for some consolidation here. Nat Gas remains in the move up, but having a small retracement.

The US 30 year Treasury Bond broke out into  new uptrend.

The US Dollar futures are lower and in a new move down.

______________________

S&P 500 futures_

Monthly – In the move up off the 2845 confirmation of the uptrend. Trade pressures are up. Volumes closed the Month of June as neutral. The next target up is the old high at 3375. A close below 2799 would confirm any weekly move lower.

Weekly – In consolidation after the move up to 3220. Trade pressures are up. Volumes are bullish. The next target up is 3230. A close below 2934 would confirm any daily move lower.

Daily – Still in the move up. The Trade pressures are holding in the neutral zone. Volumes are bullish.

The Friday close above the prior three day’s highs signals a new move up. Look for a small retracement for some price improvement to enter a new long.

Stops will be the 25×5 MA currently at 3109.

[7-13-20: Long at 3194.] [Set stops at 3190.]

[7-14-20: Stopped during the selloff yesterday.]

_______________________

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 stocks sold off with the market during this last week. The portfolio stocks are back up 3% for the week and valued at approximately $110,000, now up 10% for the YTD. We may match the 13% gains from these first two months of 2020; but would do well to remember the down 32% lows of March. The portfolio fundamentals continue to be important as the market narrows.

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