.#emini #spfutures #SP500 #ES

Market Pressures:

Copper in the move up. Gold and silver both retracing the prior move up.

Crude oil looks to be ready to break out to the upside. Nat Gas could go higher but is hyperbolic here. Be careful.

The US 30 Year Treasury looks ready to break out to the upside.

The US Dollar futures are at resistance and could move higher.

__________________

S&P 500 Futures_

Monthly – Well above its two year averages and near the end of some time cycles. Trade pressures are up. Volumes closed the month of August as bullish. The next target up is 5027. A close below 3993 would confirm any weekly move lower.

Weekly – In the move up from the November 2020 entry level at 3524. Trade pressures are up. Volumes remain bullish. The next target up is 4599. A close below 4246 would confirm any daily move lower.

Daily – Flat. Testing the new short entry at 4445. Trade pressures are down hard. Volumes are bearish. If the entry is activated, the next target down is 4411. With Trend support, the dip buyers should come in at this 4455 level, or after a morning selloff.  A close above 4502 would signal higher once again.

____________________

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 down for the week  at approximately $152,000, up 52% 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 this rise above 50%.

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