Market Summary:
Copper finds support at 6.05. Gold and Silver are consolidating after the failure hold the breakout of their bull flags.
Crude attempting a new move up. Natural Gas in sharp break down.
The US 30yr Treasury down as the 10yr yield rises to 4.54%.
The expected overbought level for the 10yr yield rises to 4.57%.
The US Dollar – The USD down.
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S&P 500 Futures #ESU26, #MESU26
Monthly –Monthly bar down off the prior month highs. Trade pressures remain up, Volumes closed the month of June as bullish. The 7694 price remains the adjusted high. The next target up is 8684. A close below 7384 would confirm any weekly move lower.
Weekly – The weekly bar rallies again above the prior week. Trade pressures remain up. Volumes are bearish. The next target up is 7713. A close below the 7325 support would confirm any daily move lower.
Daily – Long. A break above the 6/1 downtrend line at 7580 is in process. Buy any pull back to the breakout line. Trade pressures are up into the neutral zone, Volumes are bullish.
A close above 7580 would signal higher. The expected overbought level rises to 7605.
A close below 7551 would signal lower. The expected oversold level rises to 7353.
[OB/OS trend is rising.]
The VIX closes below 19, at 15.80 indicating market is moving toward trending.
The Hedgeye.com VIX risk range is 14.90 – 18.36.
[7-10-26: Set the SL at 7551.]
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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 reset to $100,000 for the 2026 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.
Up 48% for the 2025 Year
Portfolio stock values for 2026.
The portfolio is in all cash, at $175,000.
The Year-to-Date portfolio performance is up 75%.
The Hedgeye.com GDP nowcast has GDP growth slowing in the 3rd quarter, re-accelerating in the 4th quarter and slowing once again in the 1st quarter of 2027.
Up 75% in the Navellier Top 5 for the first half of 2026 warranted profit taking. Now all cash for the summer; re-entering approaching the 4th quarter, or re-entering if Navellier adds more defensive names.
The S&P 500 YTD return is 10.20%