Market Summary:

Copper long is stopped out.  Gold breaks out of channel, now retesting.  Silver pulls back to retest the breakout.

The Crude long entry fails at 78..  Natural gas remains in the downtrend, needs 2.10 to get long.

The US 30yr Treasury Bond breaks out then pulls back.  10yr rates rise again.

The US Dollar futures breaks out of consolidation as international money flows come this way.

_________________

S&P 500 Futures   #ESH24

Monthly – February continues the new highs. Trade pressures remain in the neutral zone. Volumes closed the month of January as bullish.  The next target up is 5173.  A close below 4687 would confirm any weekly move lower.

Weekly – The weekly rallies above the prior week highs again.  Trade pressures remain up.  Volumes are bullish.  The next target up is 5390.  A close below 4865 would confirm any daily move lower.

Daily – Flat, In the new move up after the close above 4926 into new highs.  Trade pressures are down but rising.  Volumes remain bullish.  The next target up is 5079.  The overbought level rises to 4950; still below the next target up. So, expect consolidation and retracement.  A close below 4936 would signal lower. The expected oversold level rises to 4801.

___________________

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 higher at approximately $109,000. The Year-to-Date portfolio performance closed up 9%.

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