#emini #spfutures #SP500 #ES

Market Pressures_

Copper has moved back to the prior highs. Gold and Silver are consolidating around 1950 and 28.

Crude oil has broken down. Natgas is in a retracement down.

The US 30 year Treasury bonds are down with the equity markets, not normal.

The US Dollar futures have met the downside targets and are not showing bullish volumes coming in.

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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 August as bullish. The next target up is 3948. A close below 2953 would confirm any weekly move lower.

Weekly – In the move up from the 2430 long entry. Trade pressures are up. volumes are bullish. The next target up is 3642. A close below 3255 would confirm ant daily move lower.

Daily – Flat. In the move up from the 3173 long entry. Trade pressures are down. Volumes are bullish. The next target up is 3980. A close below 3283 would signal a new move lower. The 25×5 MA at 3345 is acting as support. The 200 day at 3076 is a likely downside target.

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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 rallied with the ZOOM earnings reports during this last week. The portfolio stocks were up 3% for the week and valued at approximately $110,000, now up 10% for the YTD. The portfolio was up 23% at one point before the selloff late in the week.

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.]