#emini #spfutures #SP500 #ES

Market Pressures:

Copper pressing higher. Gold and silver in new longs.

Crude Oil is at a decision point. Natural Gas looks lower.

The US 30 year Treasury is holding support at the 200 day MA.

The US Dollar futures are retracing the June -July move up.

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S&P 500 Futures_

Monthly – Another new high; endless money? Trade pressures are up. Volumes closed the month of July as bullish. Time cycles are coming to an end in these next few weeks. The next target up is 5027. A close below 3995 would confirm any weekly move lower.

Weekly – In the move up from the Nov 2020 long entry at 3524. Trade pressures are up. Volumes are very low and showing neutral. The next target up is 4599. a close below 4197 would confirm any daily move lower.

Daily – In the “buy the dips” staircase higher. Trade pressures are up. Volumes remain bullish. The next target up is 4594. A close below 4372 would signal 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 traded up and ended the week at approximately $148,000, up 48% 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 near 50% once again.

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