#emini #spfutures #SP500 #ES

Market Summary:

Copper can’ t decide which way to break. Gold is testing a new long entry. Silver’s move down is erratic.

Crude oil is getting near an over bought level. Natural gas is near oversold.

The US 30 year Treasury is in a new long, but 10 year yields are near support.

The US Dollar futures are near oversold.

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S&P 500 Futures_

Monthly – A sizeable retracement up of the previous month move down is underway. Trade pressures are down. Volumes closed the prior month as bearish. The next target down is 3008. A close above 4138 would confirm any weekly move higher.

Weekly – In the move up from the 3674 entry on 10/21. Trade pressures are down but rising. Volumes are bullish but on very low volume. The next target up is 3927. A close below the 3502 low would confirm any daily move lower.

Daily – The Friday close above the upper median line signals higher. Trade pressures are up. Volumes are bullish. Mid week experienced more than a 100 S&P point down-move, which was reversed on Friday to close on the highs. The next target up is 3927. A close below 3698 would signal lower. FED reports on Wed.

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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’s market closed up. The portfolio value remained unchanged at approximately $76,000. The Year-to-Date portfolio performance is now down 24%.

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