S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Summary:

Copper’s new long failed.  Gold down to the lower median line. Silver continued the sell off, must hold the 22.84 support.

The Crude moving into overbought. Natural gas breaks out of bull flag.

The US 30yr Treasury Bond rallies thru the long trigger, then pulls back.

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


S&P 500 Futures #ESZ23

Monthly – The selloff is testing monthly support. Trade pressures remain up. Volumes closed the month of August as bullish. The next target up remains 5010. A close below 4373 would confirm any weekly move lower.

Weekly – The weekly moves up off the 4399 lows but still in the move down. Trade pressures are still up, but are turning down. Volumes remain bearish. The close below 4583 confirms the daily move lower. The next target down is 4280. A close above 4640 would confirm any Daily move higher.

Daily – Flat. In the pull back from the 4587 resistance.  Trade pressures are now down. Volumes are neutral. A close above 4529 would signal short term higher. The next target up is 4587.  But the expected overbought level is 4511.  A close below 4480 would signal lower. The expected oversold level is 4366.

[9-10-23: Close the September long into contract expiration for a loss.]


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 unchanged at approximately $111,000 with the new changes. The Year-to-Date portfolio performance is now up 11%.

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