#emini #spfutures #SP500 #ES

Market Pressures:

Copper is in the downward sloping channel, need a breakout. Gold and Silver are both below their respective 200 day MA’s.

Crude oil is the move up. Natural Gas is in a new long entry.

The US 30 year Treasury is in the move down.

The US Dollar futures are in the move up to the prior highs.

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S&P 500 Futures_

Monthly – After breaking out above the 4332 a period of consolidation seems to be beginning. Trade pressures are up. Volumes closed the month of august as bullish. The next target up is 5027. A close below 3984 would confirm any weekly move lower.

Weekly – In the November 2020 move up from 3524. Trade pressures are now down. Volumes are bullish. The next target up is still 4599. A close below 4237 would confirm any daily move lower.

Daily – Flat. The short trade was stopped out with a nice gain. Trade pressures are up. Volumes are bullish. The next target up is 4495. A close below 4394 would signal a second leg down.

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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 ended down for the week  at approximately $144,000, up 44% 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%.

EPAM Systems (EPAM) and Ternium (TX) will be replaced by Quanta Services (PWR) and Tempur-Sealy (TPX) at the open on Monday.

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