#emini #spfutures #SP500 #ES

Market Summary:

Copper breaks to the upside. Gold and silver move up late in the week.

Crude oil is higher. Natural gas is basing with a new long entry nearby.

The US 30year treasury bond is a long entry, but not much follow thru.

The US Dollar futures are lower within the long move up.

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S&P 500 Futures_

Monthly – Trading between 3590 and 3880. Trade pressures are down. Volumes closed the month of October 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 long entry. Trade pressures are down but rising. volumes are bearish. The next target up is 3927. A close below 3729 would confirm any daily move lower.

Daily – In the move up from the 3664 long entry on 10-18. Now in a pullback from the upper median line resistance. Trade pressures are down. Volumes are bullish. The next target up is 3927. The 11/3 close below 3725 signaled lower but was quickly rejected the next day with a 100 pt move higher. However, a second move down thru this short trigger would signal lower.

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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 down. The portfolio value remained unchanged at approximately $75,000. The Year-to-Date portfolio performance is now down 25%.

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