#emini #spfutures #SP500 #ES

Market Pressures_

Copper continues the rise with the equity markets. Gold and silver are pressures by the rise in rates.

Crude oil stages a rally into the high 50’s. Natural gas is consolidating even as the freeze moves across the US.

The US Treasury markets are grinding lower as the rates slowly rise,

The US Dollar futures are retracing the move down but lower seems likely.

______________________

S&P 500 Futures_

Monthly – Again new Highs. The 3918 upside target has been reached. Trade pressures are up Volumes closed the month of January as Bullish. The next target up is 4366. A close below 3568 would confirm any weekly move lower.

Weekly – Still in the April 2020 move up from 2411. Trade pressures are up but still showing divergences. Volumes are bullish. The next target up is 4093. A close below 3649 would confirm any daily move lower.

Daily – Flat. In the September move up from the 3545. A rising orderly channel. Trade pressures are up and trending. Volumes are bullish. The Late January correction has been completely overtaken with volume buyers. The next target up is 4069. A close below 3887 would signal lower.

_____________________

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 second week with the continued rally in Novavax (NVAX), which has now more than doubled, and are now valued at approximately $149,000, up 49% for the 2021 YTD.  Again, an individual may be forgiven for taking profits here and waiting for the next correction, but SOM will hold.

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