#emini #spfutures #SP500 #ES

Market Summary:

Copper is short.  Gold is a short. Silver is extended.

The Crude is meeting resistance. Natural gas July contract going into the teens long and rising into the 2.70’s. Tight stops.

The US 30yr Treasury Bond June contract now a short but with a new long nearby.

The US Dollar futures are down but also near a new long entry.

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S&P 500 Futures (June contract)

Monthly – Now testing the February 2022 downtrend resistance. Trade pressures are rising out of the neutral zone. Volumes closed the month of March as neutral. The next target down is 3084. A close above 4204 would confirm any weekly move higher.

Weekly – The weekly reversal to a long at 3998 continues the march higher. Trade pressures are up into the neutral zone. Volumes are bullish. The next target up is 4256. A close below lower median line at 4103 would confirm any daily move lower.

Daily – Flat. In the move up from 3944 on 3/17. Trade pressures remain up. Volumes are bullish. The next target up is 4259. Overbought is 4169. A close below 4082 would signal lower. Oversold is 4001. Still looking for a pullback to near the 4000 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 stayed above the 4100 level. Portfolio values moved up nicely to above $111,000. The Year-to-Date portfolio performance is up 11%.

[4-03-23: Quanta Services (PWR was replaced by Genuine Parts Company (GPC).]

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