#emini #spfutures #SP500 #ES

Market Pressures:

Copper is in consolidation around the 200 day MA. Gold is short but very near important support. Silver looks weak.

Crude oil breaking out of the channel to new highs. Natural gas is back into a short and about to test the 200 day MA.

US 30 year Treasuries are down but could have a bounce.

US Dollar futures are  down and expect a test of the 94 support.

____________________

S&P 500 Futures_

Monthly – Backtesting the September and October 2021 lows. Trade pressures are up but continue to decline. Volumes close the month of January 2022 as bearish. The next target up is 5018. A close below 4252 would confirm any weekly move lower.

Weekly – In the move down from the 4505 short confirmation. Trade pressures are down. Volumes are now neutral. The next target down is 4059. A close above 4596 would confirm any daily move higher.

Daily – In a retracement down of the late January move up off the 4212 low. Trade pressures are up. Volumes are bullish. The next target down is 4445 which would restart a short trade. A close above 4526 would signal higher.

____________________

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 up 2% to approximately $84,000. The Year-to-Date portfolio performance is now down 16%.

 

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