Market Summary:

Copper retested the 4.00 support twice, looking higher.  Gold creates a lower high and is now in retracement down. Silver moves up in a  lackluster fashion.

Crude in a new move down.  Natural Gas could test $3 support.

The US 30yr Treasury Bond is now in a long trade.

The US Dollar now a short.

The 10yr yields are 4.15%, near the 4.10% oversold expectations.

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S&P 500 Futures   #ESZ24

Monthly –Monthly bar closes higher. Trade pressures remain up. Volumes closed the month of November as bullish.  The 6019 target was touched and did provide resistance, briefly. The next target up is 6602.  A break below 5800 would confirm any weekly move lower. The next target down then would be 5452.

Weekly – The weekly has a higher close.  Trade pressures are up and rising. Volumes remain low, but bullish.  The 6057 target has been met.  A close below 5978 would confirm any daily move lower.

Daily – Flat. In a new move up from 5934 on 11/19. Can’t chase this, wait until the next pullback. Trade pressures are up.  Volumes are bullish.  The trendline of the July-November highs is acting as resistance. It has been tested three times now. It may start a correction.
The next target up is 6161. The expected overbought level rises to 6114.
The next target down is 5969 and would be a short entry. The expected oversold level rises to 5950.

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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 2024 year.

These Navellier Top 5 portfolio stocks closed:
down 35% for the 2022 Year.
up 17% for the 2023 Year.

Portfolio stock values for 2024.  The portfolio value declines  to $153,000.
The Year-to-Date portfolio performance is  up 53%.

[The author may be long or short any of these issues mentioned],