Market Summary:
Copper now at resistance. Gold and Silver breakout. Gold is OB.
Crude setting up for a new move up. Natural Gas remains in downtrend.
The US 30yr Treasury basing as the 10yr yield declines to 4.66%.
The expected overbought level for the 10yr yield declines to 4.74%.
The US Dollar – The USD in a new short, but near OS.
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S&P 500 Futures #ESU26, #MESU26
Monthly –Monthly bar breaks out to new highs. Trade pressures remain up, Volumes closed the month of July as bullish. The 7820 price is the new high. The next target up is 8684. A close below 7489 would confirm any weekly move lower.
Weekly – The weekly bar rises into a new uptrend. Trade pressures remain up, but declining. Volumes remain bullish. The next target up is 7963. A close below the 7625 would confirm any daily move lower.
Daily – Flat. From 7486 on 7/31, out with profit stop hit at 7550. Trade pressures are up, Volumes remain bullish.
The next target up is 7810. The expected overbought level rises to 7826.
A close below 7718 would signal lower. The expected oversold level rises to 7375.
[OB/OS trend is rising.]
The VIX closes below 19, at 14.90 indicating market is investable.
The Hedgeye.com VIX risk range is 14.74 – 17.98.
[8-7-26: Set any SL at 7718.]
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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 up to $180,000.
The Year-to-Date portfolio performance is up 80%.
The Hedgeye.com GDP nowcast has GDP growth slowing and inflation rising (Quad 3) in the 3rd quarter, re-accelerating in the 4th quarter and slowing once again in the 1st quarter of 2027.
6/26 – Now all cash for the summer; re-entering late July or early August, or re-entering if Navellier adds more defensive names.
7/25 – Quad shift (GDP and Inflation) to Quad 3 from a Quad 4 is likely in early August. Will look to re-enter positions.
8/2 – Re-entering the new Top 5 at the next open. CIEN, DINO, ENLT, MU, STX.
The S&P 500 YTD return is 12.63%