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S&P 500 Futures Buy-Sell Levels

|Includes: The Chemours Company (CC), HTHT, NVR, RACE, TTWO


Copper is making a nice move up. Gold has begun a retracement up after the second leg down. Silver is attempting a new move up on very low volume.

Crude is in between signals. Natural Gas continues the move down.

The US 30 Year Bond futures broke down as expected. Probably. the reaction is more about the tax bill than the dollar.

The US Dollar futures are grinding around the 25x5 moving average resistance level.

S&P 500 Futures_

Monthly - Peeked a little higher. Trade pressures are up . Volumes closed the month of November as bullish. The next target up is 2766. A close below 2477 would confirm a move lower in the weekly.

Weekly - In the fifteenth week of a rally off the breakout from the 2484 target. Trade pressures are up. Volumes are bullish, but holiday light. The next target is 2718. A close below 2625 would confirm any Daily move lower.

Daily - Flat. At the daily target of 2696. Trade pressures are up but showing some divergence. Volumes are bullish but, again, light for the Holiday week.

A close below 2677 could start a quick retracement to 2617 and the 25x5 moving average. This 2617 level would be below the 2625 weekly confirmation level and would spook the market.

The Navellier Top 5 have performed well. The picks started in the Blog in this last quarter and are up nicely. The 40 futures trades show a performance consistent with the prior years solid numbers.