Author: ChasW

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Summary:

Copper moving down.  Gold is basing. Silver is retracing the move up.

Crude is a short.  Natural Gas is a long.

The US 30yr Treasury is retracing the recent move up. The 10yr yields down to the 4.20’s.

The US Dollar is finding some support and near a long entry.

_________________

S&P 500 Futures   #ESM25

Monthly –Monthly bar continues to rally. now back above 5700. 4832 was the low of the sell-off. Trade pressures are still in the neutral zone. Volumes closed the month of April as bullish.  The 6283 price remains the adjusted high. The close above 5352 confirmed the weekly move higher.

Weekly – The weekly bar moves higher and touches the October median line.  Trade pressures remain down, turning up. Volumes are bullish.  The nest target up is 5911. A close below 5394 would confirm any daily move lower.

Daily – Long. In the new move up from 5319 on 4/23.  Trade pressures are up.  Volumes remain bullish.

The next target up is 5761. Thru the resistance at 5615. The expected overbought level rises to 5711.

A close below 5546 would signal lower. The expected oversold level rises to 5405.

[4-26-25: Set the SL at 5468.]

[5-2-25: Raise the SL to 5546.]

[5-7-25: Raise the SL to 5600.] [5-7-25: stopped out at 5600.]

___________________

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 up for the week, now at $125,000.
The Year-to-Date portfolio performance is up 25%.

 

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXM25

Weekly –  In the March 2025 downtrend.  Trade pressures are down. Volumes are neutral.

Daily –Flat. In the new uptrend at 98.05 on 4/22 post market, but at overbought levels. Trade pressures are up.  Volumes are bullish.

A close above 100.29 would confirm higher. The expected overbought level rises to 100.92.

The next target down is 97.69. The expected oversold levels rise to 98.29.

 

US30YR T-BOND_ USM25

Weekly – In a new April 2025 uptrend but quickly drops to support.  Trade pressures are up into the neutral zone.  Volumes remain neutral.

Daily  – Flat. In the move up off the 114-11, but retraceing part of that move now. Trade pressures are down.  Volumes are bearish.

by a retest of the 113-22 level. The next target up is 117-15. Overbought levels rise to 122-28.

A close below 114-13 would signal lower. Oversold levels decline 105-28.

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM25

Weekly – In the April 2025 downtrend. Trade pressures are down. Volumes are bearish.

Daily –Short. In the move down from the 60.58 entry.  Trade pressures are down.  Volumes are bearish.

The next target down is 55.35. The expected oversold level declines to 57.66.

A close above 60.61 would signal higher.  The expected overbought levels declines to 63.24.

[5-6-25: Long from 58.15 after trading below the oversold levels from the 55.30 low pivot. SL 57.20.]

[5-7-25: Raise the SL to 58.53.] [5-7-25: Flat. stopped out.]

 

NAT GAS_ NGM25

Weekly – Still in the January 2025 uptrend. Trade pressures are down.  Volumes are bearish.

Daily – Long.  In the move up from the 3.15 entry on 4/28. The first trade was stopped out at 3.26.  Trade pressures are up.  Volumes are now bullish.

The next target up is 3.76. The expected overbought level rises to 3.57.

A close below 3.43 would signal lower. The expected oversold level rises to 2.80.

 

 

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGN25

Weekly – In the September 2024 uptrend. Trade pressures are still in the neutral zone. Volumes are bearish.

Daily – Short. Closed below 4.65 on 4/30. Trade pressures are down, but turning up.  Volumes are neutral.

In a retracement up, look for the RSX to turn down to enter. The next target down is 4.51. The expected oversold levels rise to 4.46.

A close above 4.72 would signal higher. The expected overbought levels decline to 4.89.

[5-6-25: Long at 4.72. SL at 4.67]

[5-7-25: Stopped out at 4.67 for a loss.]

 

GOLD_ GCM25

Weekly – In the December 2023 uptrend.  Trade pressures remain up.  Volumes remain bearish.

Daily – Short. In the move down from 3314. on 4-29. Trade pressures are down.  Volumes are bearisjh.

The next target down is 3154. The expected oversold level rises to 3207.

A close above 3275 would signal a resumption of the move up. The expected overbought level declines to 3436.

[5-5-25: long at 3275. SL at 33.40.]

[5-7-25: Raise the SL to 3362.]
[5-8-25: Stopped out in the premarket at 3362.]

 

SILVER_ SIN25

Weekly – In the December 2023 uptrend. Trade pressures are up, but declining.  Volumes are bearish.

Daily – Flat. Fails the trend at 32.70. Trade pressures are down.  Volumes are bearish.

The next target down is 31.79.  The oversold levels declines to 29.09.

A close above 32.43 would signal higher. Overbought levels decline to 33.73.

[5-5-25: Long, closed at 32.50. SL is 32.16.]

[5-7-25: Raise the SL to the entry price at 32.50.]

[5-8-25: Stopped at 32.50 in the preemarket.]

 

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Summary:

Copper took profits.  Gold a short. Silver near overbought.

Crude is a long.  Natural Gas at support and near a long entry.

The US 30yr Treasury is a long. The 10yr yields down to the 4.20’s.

The US Dollar is finding some support.

_________________

S&P 500 Futures   #ESM25

Monthly –Monthly bar crashes below 4900 and then rallies back above 5500. Trade pressures are in the neutral zone. Volumes closed the month of March as bearish.  The 6283 price is the adjusted high. The 4917 downside target was touched. The close above 5352 confirms the weekly move higher.

Weekly – The weekly bar moves higher and closes above the 2/21 downtrend line.  Trade pressures remain down. Volumes remain neutral.  The close above 5268 confirms the daily move higher.

Daily – Long. after a 5 day retracement, a new breakout at 5319 on 4/23.  Trade pressures are up.  Volumes are bullish.

The next target up is 5634. Resistance at 5615. The expected overbought level rises to 5524.

A close below 5375 would signal lower. The expected oversold level rises to 5146.

[4-26-25: Set the SL at 5468.]

___________________

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 up for the week, now at $120,000.
The Year-to-Date portfolio performance is up 20%.
(The SPX is up 8% YTD.)

Howmet Aerospace (HWM) will be replaced by Palantir Tech (PLTR) at the next open.

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXM25

Weekly –  In the March 2025 downtrend.  Trade pressures are down. Volumes are neutral.

Daily –Flat. In the new uptrend at 98.05 on 4/22 post market, but at overbought levels. Trade pressures are up.  Volumes are bullish.

A close above 100.29 would confirm higher. The expected overbought level declines to 100.70.

The next target down is 97.48. The expected oversold levels rise to 98.05.

 

US30YR T-BOND_ USM25

Weekly – In a new April 2025 uptrend but quickly drops to support.  Trade pressures are down.  Volumes are now neutral.

Daily  – Long. Stopped out, then rallies higher. Trade pressures are up.  Volumes are bullish.

The next target up is 117-15. Overbought levels rise to 122-28.

A close below 114-28 would signal lower. Oversold levels decline 105-28.

 

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM25

Weekly – In the April 2025 downtrend. Trade pressures are down. Volumes are neutral.

Daily –Flat. Took profit on the 4/16 long trade. Trade pressures are down.  Volumes remain bullish.

The next target up is 65.49.  The expected overbought levels rise to 64.88.

A close below 60.58 would signal lower. The expected oversold level rises to 60.05.

 

NAT GAS_ NGM25

Weekly – Still in the January 2025 uptrend. Trade pressures are down.  Volumes are bearish.

Daily – Flat.  Took short profits on 4/21.  Trade pressures are down.  Volumes are now neutral.

The next target down is 3.16. The expected oversold level declines to 2.76.

The 2 hour chart is trending higher. A close above 3.15 would signal higher. The expected overbought level declines to 3.50.

[4-28-25: Long from 3.15. SL at 3.14.  raise to 3.26. ]

[4-30-25: Stopped out for a gain at 3.26.]

 

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGn25

Weekly – In the September 2024 uptrend. Trade pressures are up into the neutral zone. Volumes are neutral.

Daily – Long. Stopped out of the long trade at 4.80 on 4-25. Trade pressures are up, but turning down.  Volumes remain bullish.

The next target up is 5.21. Look for a pull back to 4.66. The expected overbought levels rise to 4.97.

A close below 4.65 would signal lower. The expected oversold levels rise to 4.44.

 

GOLD_ GCM25

Weekly – In the December 2023 uptrend.  Trade pressures remain up.  Volumes are bearish.

Daily – Short. In the move down from 3314. on 4-25. Trade pressures are down.  Volumes are neutral.

The next target down is 3249. The expected oversold level rises to 3185.

A close above 3361 would signal a resumption of the move up. The expected overbought level rises to 3451.

[4-25-25: Short at 3314. SL 3340.]

[4-27-25-Stopped out at 3340 for a loss.]

 

SILVER_ SIN25

Weekly – In the December 2023 uptrend. Trade pressures are up.  Volumes remain neutral.

Daily – Flat. Breaks up and out of the consolidation area at 33.25. Trade pressures are up, but declining.  Volumes are bullish.

The next target up is 34.88. Overbought levels rise to 36.40.

A close below 32.06 would signal lower.  The oversold levels rise to 29.11.

Navellier Top 5 Stocks for May

The following is provided by Navellier with technical comment from South Ocean Management – pls do your own due diligence.
https://navelliergrowth.investorplace.com/

High-Growth Investments

Agnico Eagle Mines Ltd.

Agnico Eagle Mines Ltd. (AEM) is a Canadian gold mining company that’s directly in line to benefit from rising gold prices. The fact is Agnico Eagle Mines is the third-largest gold producer in the world, with operations in not only Canada but also Australia, Finland and Mexico. And strong production from its mines added handsomely to its top and bottom lines in the most recent quarter.

In fact, the company produced 873,794 ounces of gold in the quarter and sold 842,965 ounces. Agnico Eagle Mines maintained its production outlook for the year, expecting gold production between 3.3 million ounces and 3.5 million ounces.

First-quarter adjusted earnings surged 101.3% year-over-year to a record $770 million, or $1.53 per share, which compared to $377 million, or $0.76 per share, in the first quarter of 2024. The consensus estimate called for earnings of $1.38 per share, so AEM posted a 10.9% earnings surprise.

Agnico Eagle Mines also noted that it will pay a quarterly dividend of $0.40 per share on June 16. All shareholders of record on May 30 will receive the dividend. The stock has a 1.3% dividend yield. AEM is a Conservative buy below $128.

SOM Technicals:

2-28-25: Closed at 96.28. Trade pressures are down. Volumes are bullish. The next target up is 101.45.

3-8-25: Closed at 98.79. Trade pressures are up. Volumes are bullish. The next target up is 101.45.

3-14-25: Closed at 103.60. Trade pressures are up. Volumes are bullish. The next targewt up is 104.49.

3-21-25: Closed at 104.34. Trade pressures are down. Volumes are bullish. The next target down is 101.40.

3-28-25: Clossed at 107.35. Trade pressure are up. Volumes are bearish. The next target down is 105.12.

4-5-25: Closed at 99.48. Trade pressures are down. Volumes are bearish. The next target down is 97.21.

4-12-25: Closed at 117.65. Trade pressures are up. Volumes are bullish. The next target up is 120.

4-18-25: Closed at 121.53. Trade pressures are up but declining. Volumes are bullish. The next target up is 125.94.

4-26-25: Closed at 118.50. Trade pressures are doiwn. Volumes are bearish. The next target down is 112.93.

5-2-25: Closed at 114.85. Trade pressures are down. Volumes are bearish. The next target down is 104.38

 

argenx SE

argenx SE (ARGX) is a biotechnology company that develops therapies to treat patients with autoimmune diseases like Myasthenia Gravis. The company has three indications of VYVGART for the treatment of Myasthenia Gravis, and strong demand for these treatments is expected to continue to add to its top and bottom lines.

argenx is scheduled to announce first-quarter results on May 8. First-quarter earnings are forecast to surge to $2.16 per share, up from an earnings loss of $0.97 per share in the same quarter last year. The analyst community has also increased earnings estimates over the past three months, which is setting the company up for a positive earnings surprise.

First-quarter revenue is expected to jump 92% year-over-year to $737.13 million, compared to $383.84 million in the same quarter a year ago. ARGX is a Conservative buy below $657.

SOM Technicals:

2-28-25: Closed at 624.67. Trade pressures are rising into the neutral zone. Volumes are bullish. The next target up is 632.54.

3-8-25: Closed at 637.80. Trade pressures are down. Volumes are bearish. The next target down is 551.59.

3-14-25: Closed at 604.96. Trade pressures are up. Volumes are bullish. The next target 646.06. A break below 586.50 sogmals lower.

3-21-25: Closed at 615.02. Trade pressues are down into the neutral zone. Volumes are bullish. The next target up is 629.85.

3-28-25: Closed at 589.15. Trade pressures are down but rising. Volumes are neutral. The next target down is the last pivot at 562.06.

4-5-25: Closed at 555.11. Trade pressures are down into the neutral zone. Volumes are bearish. The next target down is 545.36.

4-12-25: Closed at 581.10. Trade pressures are up. Volumes are bullish. The next target up is 601.06.

4-18-25: Closed at 596.20. Trade pressures are down into the neutral zone. Volumes are bullish. The next target up is 619.00.

4-26-25: Closed at 614.76. Trade pressures are up. Volumes are bullish. The next target up is 682.42.

5-2-25: Closed at 649.67. Trade pressures are up but declining. The next target up is 682.42.

 

Carpenter Technology Corporation

Carpenter Technology Corporation (CRS) develops specialty alloys, including stainless steel, nickel, cobalt, magnetic iron, powder metals and titanium. Persistent demand for these alloys has added to its top and bottom lines, which was apparent in the company’s latest quarter results. In fact, the company achieved its most profitable quarter in company history.

Third-quarter adjusted earnings jumped 53% year-over-year to a record $137.8 million, or $1.88 per share. Analysts expected adjusted earnings of $1.74 per share, so Carpenter Technology posted an 8% earnings surprise. Third-quarter sales grew 6.1% year-over-year to $727 million, compared to $684.9 million. The analyst community expected total sales of $729.35 million.

Given the strength of its most recent quarter, Carpenter Technology increased its fiscal year 2025 outlook. The company now expects full-year operating earnings between $520 million and $527 million, or about 50% annual earnings growth. Fourth-quarter operating earnings are forecast to be between $146 million and $153 million. CRS is a Moderately Aggressive buy below $229.

SOM Technicals:

12-13-24: Closed at 174.09. Trade pressures are down and trending. Volumes are bearish. The next target down is 150.21.

12-21-24: Closed at 169.97. Trade pressures are down. Volumes are neutral. The next target down remains 150.91.

12-27-24: Closed at 170.66. Trade pressures are up but turning down. Volumes are now neutral. The next target down is 163.00.

1-3-25: Closed at 180.13. Trade pressures are up. Volumes are bullish. The next target up is 182.64.

1-11-25: Closed at 185.96. Trade pressures are up but declining. Volumes are bullish. The next target up is 195.20.

1-18-25: Closed at 206.58. Trade pressures are up. Volumes are  bullish. The next target up is 211.54.

1-24-25: Closed at 210.70. Trade pressures are up but declining. Volumes are bullish. The next target up is 213.65.

1-31-25: Closed at 193.06. Trade pressures are down. Volumes are neutral. The next target down is 178.11.

2-8-25: Closed at 187.94. Trade pressures are down. Volumes are bearish. The next target down is 178.41.

2-15-25: Closed at 188.44. Trade presures are down but rising. Volumes are bullish. The next target up is 191.93.

2-21-25: Closed at 195.10. Trde pressures are down. Volumes are bearish. The next target down is 187.98.

2-28-25: Closed at 204.07. Trade pressures are up. Volumes are bullish. Volumes are bullish. The next target up is 208.91.

3-8-25: Closed at 180.26. Trade pressures are down. Volumes are bullish. The next target down is 156.92.

3-14-25: Closed at 183.50. Trade pressures are up. Volumes are neutral. After a low of 165.14, the next target up is 186.82.

3-21-25: Closed at 183.81. Trade pressures are down. Volumes are bullish. The next target down is 176.94.

3-28-25: Closed at 181.28. Trade pressures are down. Volumes are bearish. The next target down is support at 172.30.

4-5-25: Closed at 151.66. Trade pressures are down. Volumes are neutral. The next target down is 138.16.

4-12-25: Closed at 170.88. Trade pressures are up. Volumes are neutral. The next target up is 177.31.

4-18-25: Closed at 170.21. Trade pressures are down. Volumes are bullish. The next target down is 166.51.

4-26-25: Closed at 199.00. Trade pressures are up. Volumes are neutral. The next target up is 216.00.

5-2-25: Closed at 213.01. Trade presures are up. Volumes are bullish. The next target up is 216.00.

 

Palantir Technologies, Inc.

Palantir Technologies, Inc. (PLTR) specializes in data analysis, as it’s built platforms that integrate, manage and secure data – and then it layers applications on top of these platforms for human-driven, machine-assisted analysis. In addition to data analysis, though, Palantir also has several other platforms: an AI platform, the Foundry platform, the Gotham software platform and the Apollo platform.

Demand has been particularly strong for its AI solutions – and I suspect that will be apparent in the company’s upcoming quarterly results. Palantir will announce first-quarter results on May 5.

First-quarter earnings are forecast to increase 62.5% year-over-year to $0.13 per share, up from $0.08 per share in the same quarter a year ago. Analysts have also upped earnings estimates in the past three months, which is setting the company up for a fifth-straight quarterly earnings surprise.

Sales are expected to rise 36% year-over-year to $862.97 million, compared to $634.34 million in the first quarter of 2024. PLTR is a Moderately Aggressive buy below $129.

SOM Technicals:

4-26-25: Closed at 112.70. Trade pressures are up. Volumes are bullish. The next target up is 118.66.

5-2-25: Closed at 124.28. Trade pressures are up. Volumes are bullish. The next target up is 131.06.

 

Sprouts Farmers Market, Inc.

Sprouts Farmers Market, Inc. (SFM) offers healthy, nutritional food in 24 U.S. states. Currently, the company operates more than 450 stores across the U.S., with California as its biggest market with 151 stores. The majority of its food items are natural or organic, and it also provides many gluten-free, plant-based, grass-fed, non-GMO and raw food options.

Sprouts Famers Market is scheduled to announce results for the first quarter on Wednesday, April 30. The current consensus estimate calls for earnings of $1.54 per share and sales of $2.2 billion, which represents 37.5% year-over-year earnings growth and 16.8% year-over-year sales growth.

The analyst community has increased earnings estimates by 20% in the past three months, so a fifth-straight quarterly earnings surprise is likely. SFM is a Moderately Aggressive buy below $187.

SOM Technicals:

11-22-24: Closed at 147.13. Trade pressures are up. Volumes are bullish. The next target up is 148.56.

12-06-24: Closed at 154.04. Trade pressures are down into the neutral zone. Volumes are bullish. The next target up is 155.87.

12-13-24: Closed at 147.79. Trade pressures are up but turning down. Volumes are bearish. the next target down is 142.69.

12-20-24: Closed at 131.70. Trade pressures are down. Volumes are bearish. The next target down is 126.86.

12-20-24: Closed at 128.50. Trade pressures are down. Volumes are bearish. The next target down is 126.74.

1-3-25: Closed at 134.65. Trade pressures are up. Volumes are bullish. The next target up is 148.97.

1-11-25: Closed at 137.98. Trade pressures are up. Volumes are bearish. The next target down is 134.61.

1-18-25: Closed at 139.25. Trade pressures are up. Volumes are neutral. The next target up is 148.97.

1-24-25: Closed at 146.75. Trade pressures are up. Volumes are bullish. The next target up is 148.97.

1-31-25: Closed at 158.34. Trade pressures are up. Volumes are bullish. At resisitance, a move below 152.03 would signal lower.

2-8-25: Closed at 167.97. Trade pressures are up. Volumes are bullish.The next target up is 172.77.

2-15-25: Closed at 177.12. Trade pressures are up. Volum es are bullish. The next target up is 184.00.

2-21-25: Closed at 143.32. Trade pressures are down. Volumes are neutral. The next target down is 129.71.

2-28-25: Closed at 148.40. Trade pressures are up into the neutral zone. Volumes are bearish. The next target up is 156.66.

3-8-25: Closed at 136.97. Trade preessures are down. volumes are bullish. The next target down is 129.71.

3-14-25: Closed at 136.75. Trade pressure are up into the neutral zone. After a low of 30.06, the next target up is 143.51.

3-21-25: Closed at 142.39. Trade pressures are up. Volumes are bullish. The next target up is 143.51.

3-28-25: Closed at 147.76. Trade pressures are up, but turning down. Volumes are neutral. The next target down is support at 134.86.

4-5-25: Closed at 145.29. Trade pressures are down. Volumes are bearish. The next target down is 142.96.

4-12-25: Closed at 157.27. Trade pressures are up. Volumes are bullish. The next target up is 163.31.

4-18-25: Closed at 160.99. Trade pressures are up but declioning. Volumes are bullish. The next target up is 163.31.

4-26-25: Closed at 167.54. Trade pressures are up. Volumes are bullish. The next target up is 174.51.

5-2-25: Closed at 173.83. Trade pressures are up. Volumes are bearish. The next target up is 183.87.