#emini #spfutures #SP500 #ES

Market Pressures_

Copper coming off the rally with the equity markets. Gold stalling at the 200 day. Silver above the 200 day and at the 62% target.

Crude oil beginning a horizontal channel; consolidating. Natural gas pressing upwards on the 200 day MA.

The US 30 year Treasuries are in a slow retracement move up.

The US Dollar futures are holding at the 89-90 support.

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S&P 500 Futures_

Monthly – The March 2016 161% projection off the 2009 lows is now close to becoming a reality. Trade pressures are up. Volumes closed the month of April as bullish. The next target up is 4366. A close below 3770 would confirm any weekly move lower.

Weekly – Remains in the November 2020 move up from the 3550 long entry. Trade pressures are up. Volumes remain bullish. The next target up is 4638. A close below 3952 would confirm any daily move lower.

Daily – In the move up off the 3514 Sep long entry. Trade pressures are up. Volumes are now neutral. A retracement short entry was signaled at 4143, with a target of 4004. The 3-hour chart is in a retracement move up, off the three day daily move down. Watch for a retest of the prior highs. A failure would be significant.

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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 traded down this week and ended the week 8% lower at approximately $117,000, up 17% for the 2021 YTD.  The portfolio had a brief touch of the $150,000 value in early March 2021, then a low of $100,000 a few weeks later.

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