#emini #spfutures #SP500 #ES

Market Pressures_

Copper sells off the highs. Gold weekly and daily pressures are now up. Silver is back-testing the breakout.

Crude oil is in consolidation. Natural gas is retesting the prior lows.

The US 30 year Treasury Bond is making lower highs in a narrow range.

The US Dollar futures are trying to move higher.

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S&P 500 Futures_

Monthly – Again, new monthly highs. Trade pressures are up. Volumes closed the month of November as bullish. The next target up is 3918. A close below 3370 would confirm any weekly move lower.

Weekly – The move up is now confirmed by the trade pressures turning up. Volumes are bullish. The next target up is 3925. A close below 3419 would confirm any daily move lower.

Daily – Flat. Hard to trade the holidays. Trade pressures are up. Volumes are neutral on light volume. The next target up is 3909. Resistance is at the 3717. A close below 3609 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 neutral for the week and are remain valued at approximately $116,000, up 16% for the YTD. The March-April 2020 down move of 32% has been completely reversed.

The Zoom holding accounts for most of the recent move in the portfolio.

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