#emini #spfutures #SP500 #ES

Market Pressures:

Copper near the next target down. Gold and Silver looking still lower.

Crude oil is still in consolidation. Natural gas has broken above a small bull flag.

The US 30 year Treasury Bond is consolidating near an upside breakout level.

The US Dollar futures are beginning a retracement down.

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S&P 500 Futures_

Monthly – In the move down from the 4252 break Trade pressures are down into the neutral zone. Volumes closed the month of April as Bearish. The next target down is 3695. A close above 4753 would confirm any weekly move higher.

Weekly – The weekly move above 4485 failed. Trade pressures are down. Volumes are bearish. The next target down is the prior low at 4093. A close above 4485 is required to confirm any daily move higher.

Daily – In the down trending  channel. Trade pressures are down. Volumes are bearish. The next target down is the prior low at 4093. A close above 4371 is required to start a new move up.

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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 $77,000. The Year-to-Date portfolio performance is now down 23%.

Cube Smart (CUBE), Extra Space Storage  (EXR), Fortinet (FTNT) and Zim Integrated Shipping (ZIM) will all be replaced by Conoco-Phillips (COP), Devon (DVN), Israel Chemicals (ICL) and Nutrien (NTR) at the open Monday morning.

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