Market Summary:

Copper 4.30 profit stop met.  Gold spikes higher and then begins a correction.  Silver in the new move up, but now at 28.90 resistance (also the profit stop).

Crude in consolidation at 88.00.  Natural gas continues the move down breaking support and testing recent lows.

The US 30yr Treasury Bond continues down. The 10yr yields rally to upper channel resistance.

The US Dollar futures tests the 106 levels.

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S&P 500 Futures   #ESM24

Monthly – April month’s high was fractionally higher. Trade pressures are up. Volumes closed the month of March 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 and the new short entry at 5193.  Trade pressures remain up, but declining.  Volumes are now bearish.  The next target down is 5052.  A close above the prior week’s open at 5263 would confirm any daily move higher.

Daily – Flat.  The close below 5193 has signaled lower. Trade pressures are now down.  Volumes are now bearish.  The next target down is 5052.  The overbought level drops to to 5278 (lower highs on the OS/OB).  The expected oversold level is declining to 5128.

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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 $131,000. The Year-to-Date portfolio performance closes up 31%.