#emini #spfutures #SP500 #ES

Market Pressures_

Copper declines with the S&P. Gold and silver have shot up as the dollar declines.

Crude rallied with the market and now is in a small retracement. Natural Gas is trying to rally inside the long downtrend.

The US 30 year Treasuries moved higher with the dollar decline.

The US Dollar futures are down hard and look oversold.

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S&P 500 Futures_

Monthly – In the move up from the 2845 long entry. Trade pressures are up. Volumes closed the month of June as neutral. The next target up is the prior high of 3375.00. A close below 2818 would confirm any weekly move lower.

Weekly – In the move up from the April 2430 long entry. Trade pressures are up. Volumes are bullish.The next target up is the prior high of 3375. In consolidation now at the 3230 upside target. A close below the 2952 level would confirm any daily move lower.

Daily – Flat. In a retracement move lower after reaching the 61% target at 3235. Trade pressures are up. Volumes are bearish. Still in the uptrend. So for the moment the trade is still buy the dips. The next target up is the 3264 recent high. A close below 3119 would signal lower and a new downtrend.

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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 stocks sold off with the market during this last week. The portfolio stocks are down 1% for the week and valued at approximately $105,000, now up 5% 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.]