#emini #spfutures #SP500 #ES

Market Pressures_

Copper is still long. Gold is in a new long and silver is Flat.

Crude oil is retracing the recent move up. Natural gas is in a new retracement move down.

The US 30 year Treasury is still in a move up.

The US Dollar futures are trying to move higher but running into short term resistance.

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S&P 500 Futures_

Monthly – At the 4347 target set back in Feb of 2016. Trade pressures are up. Volumes closed the prior month as bullish. The next target up is 5027. A  close below 3918 would confirm any weekly move lower.

Weekly – Still in the November move up from 3524. Trade pressures are up. Volumes are bullish. The next target up is 4599. A close below 4118 would confirm any Daily move lower.

Daily – Flat. In the move up from the June 18th retracement. Trade pressures are down. Volumes are still bullish. The next target up is 4384 , the prior days high. A close below 4332 would signal a retracement down to test the 4255 support levels.
[07-16-20: short entered, 07-19-21 then profit target at the 4255 support.]

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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 mixed and ended the week at approximately $132,000, up 32% 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, now grinding higher once again.

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