#emini #spfutures #SP500 #ES

Market Summary:

Copper is short but take profits in the rollover.  Gold is at support. Silver is extended and looking for a correction.

The Crude is now a short. Natural gas July contract still long. Tight stops.

The US 30yr Treasury Bond June contract now a long.

The US Dollar futures now neutral but still near a new long entry.

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S&P 500 Futures (June contract)

Monthly – A break above the 4200 level would be of some monthly significance. 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 long at 3998 continues to move higher, grudgingly, in a back and filling mode. Trade pressures are up thru the neutral zone. Volumes are bullish. The next target up is 4256. A close below lower median line at 4127 would confirm any daily move lower.

Daily – Flat. In the move up from 3944 on 3/17. Trade pressures remain up but have turned down. Volumes remain bullish. The next target up is 4259. Overbought is 4174. A close below 4102 would signal lower. Oversold is 4019 and still looking for a pullback to near that 4000 level.

[4-25-23: ESM23 now short at 4102.]

[4-26-23: Quick drop from 4102 short. Set new SL at the 4102 BE. Profit stop at 3948.]

[4-27-23: Stopped out at BE.]

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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 down a fraction to approximately $110,000. The Year-to-Date portfolio performance is up 10%.

 

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