#emini #spfutures #SP500 #ES

Market Pressures_

Copper follows the equity markets and is show some strength, but a failure would trigger a short. Gold and silver sold off hard but bounced right back.

Crude Oil is in the long side ways channel. Natural Gas is in a move up and looks higher still.

The US treasury Bonds are near a new short entry. Just be aware of the stimulus talks.

The US Dollar futures have sold off hard and are now oversold.

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S&P 500 Futures_

Monthly – Touched a new high intraday. Trade pressures are up. Volumes closed the month of July as Bullish. The next target up is 2289. A close below 2827 would confirm any weekly move lower.

Weekly – In the move up from the 2430 April long entry. Trade pressures are up. Volumes are bullish. The next target up is 3485. A close below 3096 would confirm any daily move lower.

Daily – In the move up from the 2835 May long entry. Trade pressures are up but reversing. Volumes are bullish.

The next target up is 3420.00.

A close below 3293 would signal a new move down.

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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 during this last week. The portfolio stocks are down 5% for the week and valued at approximately $107,000, now up 7% for the YTD. We exceeded the 13% gains from the first two months of 2020 early in the prior week; but couldn’t hold them into the week’s close. 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.]