Market Summary:
Tariff “not sustainable”. Copper approaching a new long entry. Gold sells off $200. Silver spikes to 52 then sells off with gold.
Crude move lower continues. Natural Gas continues lower.
The US 30yr Treasury up, breaking weekly resisitance.
The 10yr yields drop to the 4.00’s. The expected oversold level for the 10yr yield declines to 3.93%
The US Dollar rises and falls on rate moves and EU talk of recession.
_________________
S&P 500 Futures #ESZ25
Monthly –Monthly bar trading rallies to form the spinning top once again. Trade pressures are up. Volumes closed the month of September as bullish. The 6812 price remains the adjusted high. The next target up is 6833. A close below 6501 would confirm any weekly move lower.
Weekly – The weekly bar drops to test the support at 6581. Trade pressures are up. Volumes are now bullish. The next target up is the prior high at 6812. A close below 6461 would confirm any daily move lower.
Daily – Flat. The lower channel line was tested twice, but so far has held at 6571. Trade pressures are down into the neutral zone. Volumes are bullish.
Looking for a pullback into the low 6600’s.The expected overbought level rises to 6804.
A close below 6667 may start the pullback. A break below 6461 would signal lower.The expected oversold level declines to 6553.
[OB/OS trend is widening.]
__________________
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 rebalanced to start 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 sharply for the last week, to $147,000.
The Year-to-Date portfolio performance is up 47%.
The S&P 500 YTD return is up 12.71%