#emini #spfutures #SP500 #ES

Market Summary:

Copper is at resistance levels. Gold and silver are showing some divergences in the move up.

Crude oil is oversold. Natural gas has trigger a new long entry.

The US 30 year treasury trade pressures are diverging at the upside targets.

The US Dollar futures are at oversold levels.

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S&P 500 Futures_

Monthly – Retracing the prior month move up. Trade pressures are up into the neutral zone. Volumes closed the month of November as neutral. The next target down is 3008. A close above 4138 would confirm any weekly move higher.

Weekly – In the move up from 3705 at the October week ending 10/21. Trade pressures are up. Volumes are now neutral. The next target up is 4221. A close below 3942 would confirm any Daily move lower.

Daily – In the move up off the weekly 3705. Trade pressures are down. Volumes are neutral. The next target up is 4221. Overbought levels are 4034. A close below 3942 and the support levels at 3916 would signal lower. Oversold levels are 3813 and can be used as further targets.

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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 down 8% to approximately $62,000. Again, the concentration in energy stocks fell with the crude futures. The Year-to-Date portfolio performance is now down 38%. A serious underperformance of all the Indices; perhaps some style drift?

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