#emini #spfutures #SP500 #ES

Market Pressures_

Copper continues higher. Gold retraces in the downtrend. Silver moves side ways. New stimulus package negotiates.

Crude Oil is higher while Natural Gas forms a new downtrend.

The US 30year Treasury breaks lower.

The US Dollar futures continue the move lower.

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S&P 500 Futures_

Monthly – Another high. Trade pressures are up. Volumes closed the month of November as bullish. The next target up is 3948. A close below 3379 would confirm any weekly move lower.

Weekly – Breaking up and out of the April 2020 upper median line. Trade pressures are in the neutral zone. Volumes are bullish. The net target up is 3879. A close below 3413 would confirm any daily mover lower.

Daily – Flat. In the move up from the November close above 3533. Trade pressures are up and trending. Volumes are bullish. The next target up is 3909. Touching the upper bound of the rising channel at 3702. A close below 3549 would signal 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 portfolio stocks were down for the week on the back of the ZM earnings and are now valued at approximately $118,000, up 18% for the YTD. The March-April 2020 down move of 32% has been completely reversed.

 

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