#emini #spfutures #SP500 #ES

Market Pressures:

Copper is retracing the move up off the 4.27 breakout. Gold and Silver are ready for a new move up.

Crude oil is testing resistance, could expect profit taking. Natural Gas is in a new long trade.

The US 30 Year Treasury is moving up to test resistance.

The US Dollar futures are in a move down.

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S&P 500 Futures_

Monthly – Another new high. Trade pressures are up. Volumes close the month of September as bearish. The next target up is 5027. A close below 3995 would confirm any weekly move lower.

Weekly – Still in the move up from the November 2020 3524 long entry. Trade pressures are down near the neutral zone. Volumes are now bullish. The next target up is 4599. A close below 4265 would confirm any Daily move lower.

Daily – Flat. In the move up. Trade pressures are up and trending. Volumes remain bullish. The next target up is 4604 – a new high. A close below 4498 would signal lower. Earnings began well and a swell of reports are due in these next two weeks. The market moved up into the beginning of the reporting and seems to like the results so far. the Nasdaq is lagging.

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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 gained $10.000 over the last two weeks leaving a total value at approximately $139,000, up 39% 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, and rose once again above 50% in early September. October earnings reports seem to provide some relief.

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