S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is looking lower. Gold and silver are tracking each other sideways.

Crude Oil is lower but expecting a retracement up.

The US 30 Treasury Bond is moving up but will take it’s cue from the US Dollar.

The US Dollar futures are basing and look higher.

___________________

S&P Futures_

Monthly – Trading down hard in the September month. Trade pressures are still up. The Volumes closed the month of August as bullish. The next target up is the 3576 prior high. A close below 3300 will equal the new weekly signal lower.

Weekly – In a retracement down of the prior move up. Trade pressures are up and extended. Volumes are now neutral. The next target up is the prior high at 3576.The next target down at 3273 is the new short entry signal and would confirm any daily move lower.

Daily – A down week, but the 3273 new short entry is not yet triggered. Trade pressures are down and trending. Volumes are bearish. The next target down is that new short entry art 3275. A close above 3358 would signal a retracement move up to test resistance.

_______________________

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 continued the sell off  this last week. The portfolio stocks were flat for the week and are still valued at approximately $110,000, now up 10% for the YTD.

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.]

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.