#emini #spfutures #SP500 #ES

Market Pressures:

Copper is in the downtrend needing a close above 4.32. Gold and silver now longs.

Crude Oil is long but at resistance. Natural gas is short but near a downside target.

The US 30YR T-Bond is trending higher, but resistance at 164.

The US Dollar futures are trending higher to the 96.89 target.

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S&P 500 Futures_

Monthly – Spiked to new high. Trade pressures are up but rolling over. Volumes closed the month of November as bullish. The next target up is 5018. A close below 4187 would confirm any weekly move lower.

Weekly – In the consolidation around the 4600 level. Trade pressures are up but declining. Volumes are bearish. The next target up is 5473. A close below 4430 would confirm any Daily move lower.

Daily – Short in the short trade from the 4660 short entry. Trade pressures are down. Volumes are bearish. The next target down is 4567. A close above 4682 would reestablish the uptrend.

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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 turned back down to approximately 135,000, now 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 and now in the year end chop..

EPAM Systems (EPAM) and TFII International (TFII) will be replaced by CubeSmart (CUBE) and Ford Motor Company (F) at the open on Monday.

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