Market Summary:

Copper moves on thru the upside target.  Gold correcting. Silver continues the move up.

The Crude stopped out then moves up again.  Natural gas breaks down from the LML.

The US 30yr Treasury Bond in correction. The 10yr yields rise with inflation numbers.

The US Dollar futures trading down the bull flag channel.

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S&P 500 Futures   #ESM24

Monthly – March continues the new highs. Trade pressures are up just out of the neutral zone. Volumes closed the month of February as bullish.  At the 5233 upside target.  The next target up is 5578.  A close below 4945 would confirm any weekly move lower.

Weekly – The weekly closes again above the prior week high, but forms a spinning top.  Trade pressures remain up.  Volumes remain bullish.  The next target up is 5839.  A close below 5116 would confirm any daily move lower.

Daily – Flat.  Trade pressures are down.  Volumes are now bearish.  The next target up is 5432.  The overbought level rises to 5198; still below the next target up.  The next target down is 5136. A close below 5116 would signal lower. The expected oversold level rises to 5073.

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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 the week lower due to SMCI, at approximately $138,000. The Year-to-Date portfolio performance closed up 38%.

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