#emini #spfutures #SP500 #ES

Market Pressures:

Copper is in a short trade. Waiting for gold and silver to confirm a move higher.

Crude Oil is in a new leg down. Natural gas continues higher but the curve is too steep.

The US 30 Year Bond is also in a new leg down with a big move higher in the 10yr rates.

The US Dollar futures are higher as capital seeks a haven.

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S&P 500 Futures_

Monthly – The previous month was up this month seems to be the reversal of that. Trade pressures are up but declining. Volumes closed the month of March as neutral. The next target up is 5018. A close below 4252 would confirm any weekly move lower.

Weekly – The new leg up was triggered at 4485; but no follow thru yet. Trade pressures are rising into the neutral zone. Volumes are now neutral. The next target up is 4767. A close below 4258 would confirm any daily move lower.

Daily – Short in the move down from the 4517 entry on 4/6. Trade pressures are down. Volumes are bearish. The next target down is 4390. A close above 4458 would signal a retracement higher.

[4-14-22:Take profits at the next test of the 4390 target. SL @ 4458] [4389.50 traded just before the close; out at the 4390 profit 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 closed up 39% for the 2021 Year.

This week was down 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.]