Market Summary:

Copper turned higher after a pause.  Gold breaks multi year highs.  Silver retracement starts a new move up but now at resistance.

Crude breaks above the upsloping channel boundary.  Natural gas continues the move down to the 1.30’s.

The US 30yr Treasury Bond turns down. The 10yr yields rally.

The US Dollar futures tests the 105 levels.

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S&P 500 Futures   #ESM24

Monthly – March fractionally higher. Trade pressures are up. Volumes closed the month of February as bullish.  The next target up is 5439.  A close below 5022 would confirm any weekly move lower.

Weekly – The weekly closes below the 4/1 intra week pivot high; lower closing lows.  Trade pressures remain up.  Volumes are now bearish.  The next target up remains 5893.  A close below the prior week’s low at 5200 would confirm any daily move lower.

Daily – Flat.  Touched the 5193 short entry, but next day closed 50 pts higher. Trade pressures are now down.  Volumes are now neutral.  The next target down is 5052.  The overbought level drops to to 5284 (lower highs on the OS/OB).  A close below 5193 would signal lower. The expected oversold level declines to 5125.

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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, moved to close the week lower, at approximately $136,000. The Year-to-Date portfolio performance closed up 36%.