#emini #spfutures #SP500 #ES

Market Pressures_

Copper continues to reach for the 3.81 upside target. Gold failed to meet the November high and gives back the rally. Silver does break that high but then immediate fails.

Crude rallies into the 50’s. Natural gas is in a retracement up of the long downtrend.

The US 30 YR Treasuries have broken down with more to go.

The US Dollar futures are retracing upward from the long move down.

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S&P 500 Futures_

Monthly – Closing in on the 3918 target. Trade pressures are up. Volumes closed the month of December as bullish. The next target up is the 3918 level. A close below 3245 would confirm any weekly move lower.

Weekly – Still in the April move up. Trade pressures are up. Volumes remain bullish. The next target up is 3871. A close below 3538 would confirm any daily move lower.

Daily – Powerful move up; breaking above the rising channel. Trade pressures are up. Volumes are bullish. The next target up is 3909. A close below 3636 would signal lower.

Growth and Value both seem to be beneficiaries of the money flows.

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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 2021 year. This portfolio has been marked to the market and restarted at $100,000 for the 2021 year.

The portfolio stocks were up for the week and are now valued at approximately $106,000, up 6% for the 2021 YTD.

 

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