S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Summary:

Copper’s is a new long, but overbought and at resistance.  Gold near overbought levels, but Silver paused at resistance then moved thru only to sell off.

The Crude in a new up move after consolidation. Natural gas forming a bull flag.

The US 30yr Treasury Bond rallies thru the Long trigger.

The US Dollar futures remain in the move up but still at overbought levels.


S&P 500 Futures #ESU23

Monthly – Tests the prior 4634 high. Trade pressures remain up. Volumes closed the month of August as bullish. The next target up remains 4961. A close below 4323 would confirm any weekly move lower.

Weekly – The weekly moves up off the 4350 lows but still in the move down. Trade pressures are still up, but are turning down. Volumes remain bearish. The close below 4437 confirmed the daily move lower. The next target down is still 4230. A close above 4591 would confirm any Daily move higher.

Daily – Long. The close above 4478 on 8/29 signaled higher.  Trade pressures are now up. Volumes are bullish. The next target up is 4537.  The expected overbought level is 4542.  A close below 4418 would signal lower. The expected oversold level is 4329.


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.

Portfolio values closed up for the week at approximately $112,000 with the new changes. The Year-to-Date portfolio performance is now up 12%.

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