#emini #spfutures #SP500 #ES

Market Pressures:

Copper in a new long entry. Gold and Silver are in a pull back for the prior moves up.

June ’22 Crude oil is in the move down to perhaps below 70. Natural gas is in the move down to the 4.64 target.

The US 30 year Treasury bond is in a new move up.

The US Dollar futures are in the move up with resistance here at 96.27.

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S&P500 Futures_ ESZ21

Monthly – New highs. Trade pressures are up but rolling over. Volumes closed the month of October as bullish. The next target up is 5018. A close below 4167 would confirm any weekly move lower.

Weekly – In the move up from the November 2020 entry at 3493. Trade pressures are up, but showing some divergence. Volumes remain bullish. The next target up is 5481. A close below 4437 would confirm any daily move lower.

Daily – In the move up off the 10/28 new long entry at 4579. Trade pressures are up but showing similar divergences. Volumes are now bearish. The next target up is 4936. A close below 4640 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 remained the muted over the last week holding at approximately $143,000, up 43% 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 have provided some relief.

Quanta Services (PWR) and Temper Sealy (TPX) will be replaced with Endava PLC (DAVA) and TFII International, Inc. (TFII) at the open on Monday.

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