#emini #spfutures #SP500 #ES

Market Summary:

Copper and gold are in breakouts to the upside. Silver is developing a lower high.

Crude oil is in a second attempt to move higher. Natural gas is near the downside targets and is over sold.

The US 30yr Treasury Bond is rejecting the attempt to short.

The US Dollar futures are oversold and near the 101.65 target.

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S&P 500 Futures_

Monthly – Now in the third month of consolidation. Trade pressures are down but rising. Volumes closed the month of December as neutral. The next target down is 3008. A close above 4169 would confirm any weekly move higher.

Weekly – The lower median line held as support at 3800. Trade pressures remain in the neutral zone. Volumes are now bullish. The next target up is 3957. A close below 3804 would confirm any daily move lower.

Daily – Long. In the move up from 3941 on 1-11-23. Trade pressures are up. Volumes are bullish. The next target up is 4112. A close below 3950 would signal lower. Use this as the SL.

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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 2023 year.

The Navellier portfolio stocks closed down 35% for the 2022 Year.

This week’s market ended with an attempt to close above the 2022 downtrend line. The portfolio value move up to approximately $101,000. The Year-to-Date portfolio performance is now up 1%.

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