S&P Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is Is at the 100% target, look for retracement. Gold is stalled in a move down. Silver is in a new long.

Crude oil has moved up to resistance. Natural gas has had a bullish reversal.

The us 30 Year Treasuries are still short but oversold.

The US Dollar futures are in the retracement up and nearing resistance.

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S&P 500 Futures_

Monthly – The fourth month of new highs. Trade pressures are up. Volumes closed the month of November as Bullish. The next target up is 3408. A close below 3008 would confirm any weekly move lower.

Weekly – In the move up from the 2943 long entry. Trade pressures are up but turning down. Volumes are bullish. The next target up is 3484. A close below 3080 would confirm any daily move lower.

Daily – Flat. In the move up from the 3143 long entry. The SOM trade was taken out with a profit stop at 3180. Trade pressures are up and extended. Volumes are bullish. The next target up is 3259. A close below 3169 would signal lower.

There are three trades open which will be closed at the last trading day, if not stopped out prior, to mark-to-the-market for the year end.

 

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Navellier Top 8 Stocks – This Top 8 model portfolio began the year at $100,000 has been steady this week up to  at approximately $115,000, or up about 15 percent for the year-to-date, but is still trailing the major averages. Keysight Tech (KEYS) will be replaced with S&P Global (SPGI) at the open Monday.

Three Dividend growth stocks will be dropped [Apollo (APO), MDC Holding (MDC), (McGrath Rentcorp (MGRC)]. Only the top 5 Growth stocks will be tracked this next year.

 

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

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