#emini #spfutures #SP500 #ES

Market Pressures:

Copper is in a long trade as is June gold. Silver rallied to a profit target, now looking for a pullback to re-enter.

Crude oil is extended expect some selling. Nat Gas is in consolidation.

The US 30 year Treasury is in a move down but without conviction.

The US Dollar futures are showing lower.

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S&P 500 Futures_

Monthly – Continues the move up from the 2020 Covid lows. Trade pressures are up but declining. Volumes closed the month of December as bullish. The next target up is 5018. A close below 4243 would confirm any weekly move lower.

Weekly – In the November 2020 move up from the 3499 long entry. Trade pressures are up but showing divergence. Volumes are bullish. The next target up is 5473. A close below 4440 would confirm any Daily move lower.

Daily – After the move down to the 4567 target and below, the 12/22 4682 long entry has taken the S&P to the 4702 upside target. Trade pressures are up. Volumes remain bullish. The next target up is 4936. A close below 4716 would signal lower.

[1-5-22: Closed below the 4720 short entry. The next target down is 4622. SL is the 4728 retracement target.]

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Navellier Top 5 Stocks – This Top 5 model portfolio begins each year at $100,000. The Top 5 Growth stocks are tracked throughout each year. This portfolio is marked to the market and is restarted at $100,000 for the 2022 year.

The portfolio stocks rallied 4% these last two weeks to approximately 139,000, now up 39% for the 2021 Year.  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 up 39% for the 2021year.

The Top 5 Stocks will reset at the open on Monday.

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