#emini #spfutures #SP500 #ES

Market Pressures:

Copper has triggered a new long, but weekly does not confirm. Gold and silver have met downside targets so maybe a small corrective move up.

Crude oil is trying to strait anew move up. Natural gas is in free fall.

The US 30 YR Treasury is in a move up after breaking pout of a channel. Beware of a reverse in the funds flow if the equity markets rebound.

The US Dollar futures are decidedly up; again, a safe haven trade.

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S&P 500 Futures_

Monthly – Now in consolidation. Trade pressures are up but rolling over. Volumes closed the month of November as bullish. The next target up is 5010. A close below the October lows of 4260 would confirm any weekly move lower.

Weekly – In the move up from the 3499 long entry in mid November. Trade pressures are up but declining. Volumes are again bearish. The next target up is the prior upside target of 4590. The next target down is the new short entry at 4437 which would confirm any daily move lower.

Daily – In the move down from the 4657 short entry. Trade pressures are down. Volumes are now neutral. 62% Profit target of 4523 has been met three days in a row. The next target down is 4388. VIX is at very overbot levels. A close above 4605 would signal higher.

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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 dropped more than the overall market to approximately $135,000, up 35% 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.

 

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