#emini #spfutures #SP500 #ES

Market Pressures:

Copper breaks out and immediately falls back to the breakout point. Gold is in the  move up but struggling. Silver is new long.

Crude Oil is at new highs, expect consolidation. Nat gas tried to breakout, but failed.

The US 30 year Treasury is poised for a new long entry.

The US Dollar futures are in the move down, but looking at a retracement up. Should be long in a declining growth environments.

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S&P 500 Futures_

Monthly – Off the highs. Trade pressures are up but declining. Volumes closed the month of December as bullish. The next target up is 5018. A close below 4232 would confirm any weekly move lower.

Weekly – Still in the November 202 move up from the 3499 long entry. Trade pressures are up but declining. Volumes are bearish. The next target up is 5473. A close below 4505 would confirm any Daily move lower.

Daily –  Flat. In the move down from the 4720 short entry. Trade pressures are up into the neutral zone. Volumes are bullish. the next target down is 4578. A close above 4670 would signal higher.

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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 closed up 39% for the 2021 Year.  This last week in 2022 was mixed-to-down to approximately $95,000. The Year-to-Date portfolio performance is now down 5%.

 

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