#emini #spfutures #SP500 #ES

Market Pressures_

Copper is retracing the highs but not yet short. Gold is in a retracement down off the highs. aSilver is a short.

Crude oil is retracing its highs also. Natural gas is in a move up with the cold weather.

The US 30YR Treasury bonds are near the 166-23 target, but seem to be trying to form a base.

The US Dollar futures are rising off the 89.33 downside target.

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S&P 500 Futures_

Monthly – Forming a Doji candlestick at these highs. Trade pressures are up. Volumes closed the month of December 2020 as bullish. The next target up is 3918. A close below 3356 would confirm any weekly move lower.

Weekly – In the move up from the 3350 new long entry in early November. Trade pressures are up, but showing some divergence. Volumes are bullish. The next target up is 3925. A close below 3521would confirm any daily mover lower.

Daily – Flat. In the side ways t down move off the 3824 highs. Trade pressures are down. Volumes are bearish. The upper median line is acting as resistance. The next target up is the 3824 high. A close below 3740 would signal a new short. ( very close by)

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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 $112,000, up 12% for the 2021 YTD (in the first 16 days.)

 

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