#emini #spfutures #SP500 #ES

Market Summary:

Copper is in range expansion. Gold is looking for a breakout to the upside. Silver is in consolidation.

Crude oil is near the lower targets. Natural gas is finding resistance at the 200 day MA.

The US 30 year Treasury is in the move up off the November lows.

The US Dollar futures are near support.

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S&P 500 Futures_

Monthly – Now above the prior month close. Trade pressures are down but rising. Volumes closed the month of October as bearish. The next target down is 3008. The next target up is 4138 and would confirm any weekly move higher.

Weekly – In the move up from 3674, the week ending 10-21. Trade pressures are up into the neutral zone. Volumes are bullish. The next target up is 4190. A close below 3851 would confirm any Daily move lower.

Daily – In the move up from the 10/18 long entry at 3674. Trade pressures are up. Volumes are bullish. The next target up is 4190. Resistance is at 4140. A close below 3851 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 moved up 1% to approximately $72,000. The energy stocks fell with the crude futures. The Year-to-Date portfolio performance is now down 28%.

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