#emini #spfutures #SP500 #ES

Market Pressures_

Copper is testing upper resistances. Gold and silver are turning higher.

Crude is in the same 35-45 channel. Natural gas is in a new move up.

The US 30 year Treasury is testing support.

The US Dollar futures are at support.

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S&P 500 Futures_

Monthly – MTD is still near prior month close. Trade pressures are up. Volume close the month of September as bullish. The next target up is the prior high of 3576 then 3948. A close below 3156 would confim,r any weekly close lower.

Weekly – The 4 week retracement stopped at the new short entry of 3273. Trade pressures are up but rolling over. Volumes are still bullish. The next target up is the prior high of 3576. A close below the short entry at 3273 would confirm any daily move lower.

Daily  – Flat. Friday close was a break-out above the downward sloping andrews upper median line. Trade pressures are up. Volumes are bullish. Expect a back test of this breakout; could use that as an entry around the 3400 level. The next target up is 3533. A close below 3395 would signal a new move lower.

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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 benefited from the rally these last two weeks. The portfolio stocks were up for both weeks and are now valued at approximately $131,000, up 31% for the YTD. This move up has absorbed the March down move of 32%.

The portfolio fundamentals continue to be important as the market narrows. Institutions are likely buying these TOP 5 better fundamentals into the next earnings reports..

 

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