#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in a retracement down of the recent highs. Gold is testing the downward sloping median line and could rally. Silver could go either way.

Crude oil is at highs and in a small retracement. Natural gas looks lower but could have a relief rally at any point.

The US 30 year Treasury continues lower to the lower 150’s.

The US Dollar futures are having a small retracement rally above 91.

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S&P 500 Futures_

Monthly – Pushing back to the prior highs. Trade pressures are up. Volumes closed the month of February as Bullish. The next target up is 4366. A close below 3491 would confirm any weekly  move lower.

Weekly – Comfortably above the 3926 upside target. Trade pressures are up. Volumes are bullish. The next target up is 4094. A close below 3648 would confirm any daily move lower.

Daily – Long the short signal was voided with price taking out 3881. Trade pressures are up and trending. Volumes are bullish. The next target up is 4035. A close below 3854 would reconfirm a move lower.

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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 during this week but rallied to approximately $116,000, up 16% for the 2021 YTD.  The portfolio had a brief touch of the $150,000 value in early March. Volatile!

 

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