Market Summary:

Copper a new long with resistance nearby.  Gold in the downtrend channel, still looking lower.  Silver tests the resistance line once more and succeeds.

The Crude’s third attempt at a long entry finally succeeds.  Natural gas in the downtrend, needs 2.25 to get long.

The US 30yr Treasury Bond in retracement.  10yr rates continue to rise.

The US Dollar futures in consolidation for this next week.

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S&P 500 Futures   #ESH24

Monthly – January turns higher still. Trade pressures remain in the neutral zone. Volumes closed the month of December as bullish.  The next target up is 5173.  A close below 4623 would confirm any weekly move lower.

Weekly – The weekly rallies above the prior week highs.  Trade pressures remain up.  Volumes are bullish.  The next target up is 5390.  A close below 4801 would confirm any daily move lower.

Daily – Flat, In the new move up after the close above 4859 into new highs.  Trade pressures are up.  Volumes remain bullish.  The next target up is 5079.  The overbought level rises to 4925; still below this next target up; so, expect consolidation and retracement.  A close below 4890 would signal lower. The expected oversold level rises to 4750.

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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.  The Navellier portfolio stocks closed up 17% for the 2023 Year.

Portfolio stock values for 2024 closed at approximately $101,000. The Year-to-Date portfolio performance closed up 1%.

Top Build (BLD) and Toll Brothers (TOL) will be replaced with Coca-Cola Consolidated (COKE) and Super Micro Computer (SMCI at the open of the next trading day.

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