#emini #spfutures #SP500 #ES

Market Summary:

Copper is now lower. Both gold and silver break lower.

Crude oil breaks support line. Natural gas remains near the downside targets and is over sold.

The US 30yr Treasury Bond is consolidating just below the 200 day MA.

The US Dollar futures are now moving up. 101.01 is the oversold level.

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S&P 500 Futures

Monthly – Now above the close of the December month’s bar. Trade pressures are down but rising into the neutral zone. Volumes closed the month of January as neutral. The next target down remans the 3008 level. A close above the 4169 level would confirm any weekly move higher.

Weekly – In the weekly move up from the 3941 long entry. Trade pressures are up. Volumes are now bullish. The next target up is 4188. A close below 4089 would confirm any daily move lower.

Daily – Flat. Out of the move up at 4195 Feb 2nd. Trade pressures have moved from neutral to up. Volumes are now neutral. The next target up 4435. 4203 is the overbought level. Should expect at back-test of the broken downtrend line around 4025. A close below 4137 would signal lower. 3953 is the expected oversold level.

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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 4200 level. The energy related portfolio value move down 5% to approximately $100,000. The Year-to-Date portfolio performance is now 0%.

 

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