#emini #spfutures #SP500 #ES

Market Pressures_

Copper is moving sideways. Gold continues to base. Silver is very close to a breakout to the upside.

Crude Oil is consolidating after the November move up. Natural gas may have a move up after the daily pressures reverse to up.

The US 30 year Treasuries are in a long slow move down, but look for a retracement.

The US Dollar futures are in a retracement move up.

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S&P 500 Futures_

Monthly – closed below the prior month’s high. Trade pressures are up. Volumes closed the month of January as bullish. The next target up is 3918. A close below 3391 would confirm any Weekly move lower.

Weekly – Closed below the three prior weekly lows. Trade pressures are up, but showing divergence. Volumes are still bullish. The next target up is 3871. A close below 3558 would confirm any Daily move lower.

Daily – Short. Closed below the 3767 level on Wednesday. Trade pressures are down. Volumes are bearish. The next target down is 3628. A close above 3799 would signal higher.

[2-1-21: Buy Stops @ 3767]

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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 sharply for the week with the rally in Novavax (NVAX) and are now valued at approximately $124,000, up 24% for the 2021 YTD (in the first 30 days.)  Again, an individual may be forgiven for taking profits here and waiting for the next correction, but SOM will hold.

Logitech (LOGI) will be replaced by Crowdstrike (CRWD) on Monday at the open.

 

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