#emini #spfutures #SP500 #ES

Market Summary:

Copper oversold.  Gold down to 1825. Silver failed the prior long entry, but is looking higher once again.

The Crude is a short. Natural breaks the 290 resistance and is now overbought.

The US 30yr Treasury Bond is basing with bullish volumes.

The US Dollar futures is now a short.

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S&P 500 Futures #ESZ23

Monthly – Monthly in the move down. Trade pressures are now down into the neutral zone. Volumes closed the month of September as bearish. The next target down remains 4025. The close below 4373 had confirmed the weekly move lower.

Weekly – The weekly has reached the downside target of 4280. Trade pressures are down into the neutral zone. Volumes have closed the week as bullish. The close below 4583 confirmed the daily move lower. The next target down is 4030. A close above 4476 would confirm any Daily move higher.

Daily – Flat. Consolidating around the 4304 downside target.  Trade pressures are down but rising. Volumes are bullish. The next target down is 4124. The expected oversold level is 4202. A close above 4423 would signal higher.  The expected overbought level is 4338.

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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.

Portfolio values closed at approximately $103,000. The Year-to-Date portfolio performance is now up 3%.

Quanta Svcs (PWR). Royal Caribbean Cruise (RCL), and Toll Brothers (TOL) will be replaced with Emcor Gp (EME), Eli Lilly (LLY), and Nivdia (NVDA) on Tuesday.

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