S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Summary:

Copper is attempting to rally.  Gold had a huge rally then triggered a new short. Silver ignored any correction talk and has broken above the resistance line.

The Crude is bouncing off the second oversold level. Natural gas July contract stopped out a t BE.

The US 30yr Treasury Bond is consolidating but with the trade pressures showing some movement  up.

The US Dollar futures still near a new long entry, but very little  movement.


S&P 500 Futures

Monthly – Still looking for the break above the 4200 level. Trade pressures are now up. Volumes closed the month of April as bullish. 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; a second attempt to move down also recovered quickly. Trade pressures are up. Volumes are bullish. The next target up remains 4256. A close below 4032 would confirm any daily move lower.

Daily – Flat. In the move up off the 4068 retest of the prior week lows on 5/5. Trade pressures are up. Volumes are now neutral. The next target up is 4246.  Overbought is now 4158. A break below 4068 would signal lower. The next oversold level is 4027.


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 dropped then rallied higher on Friday. Portfolio values moved up a fraction to approximately $110,000. The Year-to-Date portfolio performance is now up 10%.

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