#emini #spfutures #SP500 #ES

Market Pressures_

Copper tracking down with the equity markets. Gold down to the downtrend line. Silver looking to test the 200 day MA.

Crude oIl rallied to the uptrend line. Nat gas seeing downward pressures.

The US 30 year Treasury is steadily down mirroring the re-opening trade.

The US Dollar futures are up in a new uptrend.

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S&P 500 Futures_

Monthly – The close remains above the prior month high. Trade pressures are up. Volumes closed the month of February as bullish. The next target up is the 3918 prior target. A close below 3491 would confirm many weekly move lower.

Weekly – Still in the move up from the 3550 November long entry. Trade pressures are up. Volumes are bullish. The next target up is 3926. A close below 3656 would confirm any daily  move lower.

Daily – The short signal remains intact. Trade pressures are down but rising. Volumes are bullish. The next target down is 3725 which was breached but did not close below. The sharp rally Friday may be short covering, but was very strong nonetheless. A close above 3881 would signal higher.

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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 down hard this week and are now valued at approximately $108,000, up 8% for the 2021 YTD.  The portfolio had a brief touch of the $150,000 value in previous weeks but the tech selloff took back all the gains made in the first two months of the year.

 

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