Market Summary:
Copper moving down with the equity markets. Gold forms a lower high. Silver is consolidating at the 200 day MA.
Crude is a long, OB. Natural Gas is a long, also OB.
The US 30yr Treasury is lower, needs a breakout. The 10yr yields down to the 4.30’s.
The US Dollar is at a long entry.
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S&P 500 Futures #ESM25
Monthly –Monthly bar continues to rally. closes above the prior month high. Trade pressures remain in the neutral zone. Volumes closed the month of April as bullish. The 6283 price remains the adjusted high. The next target up is 5935. A close below 5586 would confirm any weekly move lower.
Weekly – The weekly bar moves higher and again touches the October median line. Trade pressures remain down, turning up. Volumes are bullish. The next target up is 5911. A close below 5410 would confirm any daily move lower.
Daily – Long. Flat; stopped out of the 5319 long trade on 5/7. Trade pressures are up; turning down. Volumes are bearish.
The next target up remains 5761, but near the OB levels. The expected overbought level rises to 5724.
A close below 5630 would signal lower. The expected oversold level rises to 5466.
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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 2025 year.
These Navellier Top 5 portfolio stocks closed:
Down 35% for the 2022 Year.
Up 17% for the 2023 Year.
Up 42% for the 2024 Year.
Portfolio stock values for 2025.
The portfolio value is down for the week, now at $119,000.
The Year-to-Date portfolio performance is up 19%.