Market Summary:
Copper new long off support. Gold and Silver are consolidating lower.
Crude second attempt at a new move up. Natural Gas move down.
The US 30yr Treasury down as the 10yr yield rises to 4.59%.
The expected overbought level for the 10yr yield rises to 4.62%.
The US Dollar – The USD has small correction.
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S&P 500 Futures #ESU26, #MESU26
Monthly –Monthly bar continues lower 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 makes a lower high. Trade pressures remain up, but declining. Volumes are bullish. The next target down is 7325. The close below the 7325 median line support did confirm the daily move lower. A close above 7642 would confrim a daily move higher.
Daily – Flat. Lower highs followed by the SL on 7/13. Trade pressures are down, Volumes are bearish.
The next target down is 7333. The expected oversold level rises to 7420.
A close above 7560 would signal higher. The expected overbought level declines to 7597.
[OB/OS trend is narrowing.]
The VIX closes below 19, at 18.65 indicating market is moving toward trending.
The Hedgeye.com VIX risk range is 15.37 – 19.41.
[7-13-26: Stopped out of the long at 7551.]
[7-20-26: Look to short near OB levls.]
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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. 6/26 – Now all cash for the summer; re-entering late July or early August, or re-entering if Navellier adds more defensive names.
The S&P 500 YTD return is 8.94%