Author: ChasW

S&P 500 Futures

Market Summary:

Copper Short after new contract highs.  Gold to ATH’s once again; take profits. Silver short, support at 32.43.

Crude consolidating at the 200 day MA.  Natural Gas, Long with a breakout of the small bull flag.

The US 30yr Treasury up to resistance, watch for breakout. The 10yr yields consolidating around 4.25%.

The US Dollar in a month long base now attempting a rally.

_________________

S&P 500 Futures   #ESM25

Monthly –Monthly bar closes continues to test the lower median line from 10/23. Trade pressures remain up, but declining. Volumes closed the month of February as bullish, March will close with bearish volume.  The 6233 price remains the adjusted high. The next target down is 5324. A close above 6065 would confirm any weekly move higher.

Weekly – The weekly bar lower than prior close.  Trade pressures remain down. Volumes are now bearish.  The next target down is 5324. A close above 5728 would confirm any daily move higher.

Daily – Flat. Closed with a sharp move down.  At the 5623 downside target which is a backtest of the 3/24 breakout level. Trade pressures are down.  Volumes are bearish.

The next target down is 5566. The expected oversold level rises to 5566.

A close above 5729 would signal higher; then 5793.  The expected overbought level rises to 5795.

(Still looking for a bear market rally, usually volatile and short lived. Watch the 5623 level for signs of support.)

___________________

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 2024 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 remains at $110,000.
The Year-to-Date portfolio performance is  up 10%.

Howmet Aerospace (HWM) returns to replace Targa Resources (TRGP).

[The author may be long or short any of these issues mentioned],

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXM25

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

Daily – Flat. Small rally up off the downside pivot of 102.83. Trade pressures are down.  Volumes remain bullish.

The next target down is 103.23. The expected oversold levels declines to 103.01.

A close above 104.19 would signal higher. The expected overbought level rises to 104.94.

 

US30YR T-BOND_ USM25

Weekly – In a new October 2024 downtrend.  Trade pressures are up but turning down.  Volumes remain bullish.

Daily  – Flat. In a new move up from 116-06 on 3-28.  Trade pressures are up.  Volumes are bullish.

The next target up is 119-08. Overbought levels remain 120-18.

A close below 114-30 would resume the move down. Oversold levels are 108-07.

[No trade with the weekly pressures down.]

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLK25

Weekly – In the January 2025 uptrend, but still testing support. Trade pressures are rising into the neutral zone. Volumes remain bearish.

Daily –Flat. At the 200 day MA, 70.10.  Trade pressures are up, but declining.  Volumes remain bullish.

The 68.67 remains the entry level; looking for a pullback to that entry level. The next target up is 72.34.  The expected overbought levels rises to 70.73.

A break below the trend at 68.75 could precipitate a new leg down. The expected oversold level rises to 66.24.

 

NAT GAS_ NGK25

Weekly – In the new January 2025 uptrend. Trade pressures are up still declining.  Volumes remain neutral.

Daily – Long.  Tested support and closed up for the end of the week, above the 4.02 long entry today. Trade pressures are up.  Volumes are bullish.

The next target up is 4.31. The expected overbought level declines to 4.20.

The next target down is 3.22. The expected oversold level declines  to 3.69.

[Set the stop loss close as the OB/OS levels are declining. Use the 3.89 support level.]

 

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGK25

Weekly – In the September 2024 uptrend; breaks above resisitance. Trade pressures remain up. Volumes are bearish.

Daily – Short. In retracement from the 5.37 high. Short from the 5.16 entry today. Trade pressures are down into the neutral zone.  Volumes are neutral.

The next target down is 4.95. The expected oversold levels rise to 4.92.

A close back above 5.18 would signal higher. The expected overbought levels rise to 5.30.

[3-28-25: Set the SL at 5.17]

 

GOLD_ GCM25

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

Daily – Flat. Taking profit at the April contract rollover to June. June closes at 3114. Trade pressures are up.  Volumes remain bullish.

The next target up is 3192. The expected overbought level declines to 3088.

A close below 3108 would signal lower. The expected oversold level rises to 2990.

 

SILVER_ SIK25

Weekly – In the December 2023 uptrend. Trade pressures are down, but rising.  Volumes remain bullish.

Daily – Short. Rallied with Gold to 35.29, now selling off. Short from 35.03 today.  Trade pressures are up.  Volumes are bearish.

The next target down is 34.26  The oversold levels rise to 32.96.

A close above 35.04 would signal higher. Overbought levels rise to 35.66.

 

 

Navellier Top 5 Stocks for April

High-Growth Investments

Agnico Eagle Mines Ltd.

Agnico Eagle Mines Ltd. (AEM), our Canadian gold mining company, continues to benefit from the surge in gold prices. In the first three months of 2025, gold prices have increased nearly 15% and are sitting near all-time highs. And gold prices are up about 38% in the past 12 months.

The fact is gold is considered a safe haven in times of economic uncertainty, and all of the uncertainty surrounding global central banks, the Trump 2.0 tariffs and slowing economic growth has driven many investors back to the yellow metal this year. And we don’t have to wait long to see how demand for gold and rising prices have added to Agnico Eagle Mines’ top and bottom lines.

Agnico Eagle Mines is scheduled to announce results for its first quarter in fiscal year 2025 on April 24. The analyst community expects first-quarter earnings of $1.14 per share and total revenue of $2.27 billion, which represents 21.6% year-over-year earnings growth and 24% year-over-year revenue growth.

The analyst community has also increased earnings estimates slightly in the past month. As you know, positive analyst revisions typically precede future earnings surprises. AEM is a Conservative buy below $118.

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.

 

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 drove VYVGART sales 84% year-over-year to $2.19 billion in 2024.

And thanks to persistent demand for VYVGART, Argenx reported that the company’s total sales nearly doubled in fiscal year 2024. The company achieved total revenue of $2.52 billion in 2024, up from $1.27 billion in 2023.

Looking forward to fiscal year 2025, analysts expect robust growth in Argenx’s total sales. Full-year 2025 sales are forecast to increase 57.5% year-over-year to $3.38 billion. Full-year earnings are also expected to surge 684.8% year-over-year to $12.40 per share.

In the near-term, the consensus estimate calls for first-quarter earnings of $1.92 per share and total sales of $748.22 million. That’s up from an earnings per share loss of $0.97 and sales of $383.84 million, in the first quarter of 2024. Analysts also continue to increase earnings estimates, which bodes well for another earnings surprise. ARGX is a Conservative buy below $635.

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.

 

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 has attracted institutional investors. The stock continues to earn an A Quantitative grade thanks to this persistent institutional buying pressure.

Just how strong are the company’s fundamentals? Well, for its third quarter in fiscal year 2025, earnings are forecast to increase 45.4% year-over-year to $1.73 per share, and revenue is expected to grow 6.4% year-over-year to $728.8 million.

Fiscal year 2025 estimates also remain robust. The current consensus estimate calls for full-year earnings of $7.16 per share and revenue of $2.94 billion, which represents 51% annual earnings growth and 6.5% annual revenue growth. CRS is a Moderately Aggressive buy below $207.

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.

 

Howmet Aerospace, Inc.

Howmet Aerospace, Inc. (HWM) is a Pennsylvania-based company that develops engineered solutions for the aerospace and industrial industries. Specifically, Howmet Aerospace operates four main businesses: engine products, fastening systems, engineered structures and forged wheels.

Recently, Howmet Aerospace noted an uptick in demand for parts that used to be manufactured at the SPS factory in Philadelphia, as production was halted there after a fire. Howmet Aerospace has the necessary certifications to manufacture some of these parts, and it is working diligently to meet customers’ demands.

Howmet Aerospace is also benefiting from increases in plane production at big airplane manufacturers like Boeing Co. (BA) and Airbus. Howmet Aerospace aims to help Boeing achieve its goal of 38 planes (737 MAX planes) per month.

So, it’s not too surprising that the analyst community has increased first-quarter earnings estimates over the past month. First-quarter earnings are now forecast to jump 36.8% year-over-year to $0.78 per share, up from $0.57 per share in the same quarter a year ago. Revenue is expected to rise 6.65% year-over-year to $1.95 billion. HWM is a Moderately Aggressive buy below $144.

SOM Technicals:

10-28-24: Opened at 102.08. Trade pressures are up. Volumes are bullish. The next target up is 102.88.

11-8-24: Closed at 113.65. Trade pressures are up. Volumes are neutral. The next target up is 115.38.

11-16-24: Closed at 112.01. Trade pressures are down into the neutral zone. Volumes are neutral. The next target down is 108.64.

11-16-24: Closed at 118.44. Trade pressures are up. Volumes are bullish. The next target up is 119.28.

12-06-24: Closed at 118.31. Trade pressures are up but have turned down. Volumes are bullish. The next target up is 120.71.

12-13-24: Closed at 113.43. Trade pressures are down but rising. Volumes are bearish. The next target down is 106.65.

12-20-24: Closed at 110.83. Trade pressures are down. Volumes are bullish. The next target down remains 106.65.

12-27-24: Closed at 111.23. Trade pressures are up but turning down. Volumes are now neutral. The next target down is 106.65.

1-3-25: Closed at 112.76. Trade pressures are up. Volumes are bullish. The next target up is 118.47.

1-11-25: Closed at 112.64. Trade pressures are rising into the neutral zone. Volumes are bullish. The next target up is 118.50.

1-18-25: Closed at 125.30. Trade pressures are up. Volumes are bullish. The next target up is 129.47.

1-24-25: Closed at 127.03. Trade pressures are up but declining. Volumes are bullish. the next target down is 125.00. 

1-31-25: Closed at 126.58. Trade pressures are rising into the neutral zone. Volumes are neutral. The next target down is 122.61.

2-8-25: Closed at 127.70. Trade pressures are up. Volumes are bullish. The next taerget up is 129.47.

2-15-25: closed at 133.42. Trade pressures are up into the neutral zone. volum es are bullish. The next target up is 134.85.

2-21-25: Closed at 129.83. Trade pressures are down. Volumes are bearish. The next target down is 127.37.

3-28-25: Closed at 129.69. Trade pressures are down. Volumes are bearish. Support is at 124.57.

 

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.

Even though the New Year’s resolutions have worn off at this point, it’s clear that folks have started to make healthier eating a lifestyle change. Sprouts Farmers Market achieved sales of $2.0 billion and earnings of $0.79 in the fourth quarter, which represented 18% year-over-year sales growth and 61.2% year-over-year earnings growth.

In the wake of the strong quarter results, analysts have increased first-quarter earnings estimates by 20% in the past two months. First-quarter earnings are now forecast to increase 37.5% year-over-year to $1.54 per share, while sales are expected to grow 16.8% year-over-year to $2.2 billion. SFM is a Moderately Aggressive buy below $166.

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.

 

S&P 500 Futures

Market Summary:

Copper retracing from new contract highs.  Gold to ATH’s, now retracing. Silver retracing, support at 32.43.

Crude off the lows in a bear flag.  Natural Gas in a move down toward mid three’s.

The US 30yr Treasury in consolidation. The 10yr yields consolidating around 4.25%.

The US Dollar in a month long base with Euro currencies stronger.

_________________

S&P 500 Futures   #ESM25

Monthly –Monthly bar closes holds at the lower median line from 10/23. Trade pressures remain up, but declining. Volumes closed the month of February as bullish.  The 6181 price remains the high. The close below 5870 did confirm a weekly move lower. The next target down is 5419. A close above 6069 would confirm any weekly move higher.

Weekly – The weekly forms a bullish bar.  Trade pressures remain down. Volumes are bullish.  The close below 5911 confirmed the daily move lower.  The next target down is 5324. A close above 5875 would confirm any daily move higher.

Daily – Flat. At the 5537 downside target. Trade pressures are just above the neutral zone.  Volumes are bullish.

The next target down is 5606. The expected oversold level rises to 5501.

A close above 5744 would signal higher. The expected overbought level declines to 5740.

(Look for a bear market rally, usually volatile and short lived.)

[3-24-25: Long @ 5744. Raise the SL to 5795.]

[3-25-25: Pre-market AM. raise SL to 5816.] [& Stopped out in the opening hour.]

___________________

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 2024 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 up to $110,000.
The Year-to-Date portfolio performance is  up 10%.

[The author may be long or short any of these issues mentioned],

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXM25

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

Daily – Flat. Consolidating at the downside pivot of 102.83. Trade pressures are up.  Volumes are bullish.

The next target down is 102.62. The expected oversold levels rises to 103.04.

A close above 105.35 would signal higher. The expected overbought level declines to 104.25.

 

US30YR T-BOND_ USM25

Weekly – In a new October 2024 downtrend.  Trade pressures are now up.  Volumes are bullish.

Daily  – Flat. Trade pressures are up.  Volumes are neutral.

The next target up is 120-12. Overbought levels remain 120-18.

A close below 115-08 would resume the move down. Oversold levels are 108-07.

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLK25

Weekly – In the January 2025 uptrend, but still testing support. Trade pressures are down but rising. Volumes remain bearish.

Daily –Flat. Stopped out of the long from the bull flag breakout at 67.28. Still in the daily bear flag rising off the 65.01 low. Trade pressures are up.  Volumes remain bullish.

Need a close above 68.87 level to confirm the signal higher.  The expected overbought levels rises to 68.64.

A break below the Lower median line (bear flag) at 66.67 could precipitate a new leg down. The expected oversold level rises to 65.62.

[3-24-25: Long at 68.67. Set SL to trend, 67.52.]

[3-25-25: Raise SL to 68.69.] [3-25-25: stopped out ]

 

NAT GAS_ NGK25

Weekly – In the new January 2025 uptrend. Trade pressures are up but declining.  Volumes are now neutral.

Daily – Flat.  Now below the breakdown at 4.26 thru trend. Trade pressures are down.  Volumes are bearish.

The next target down is 3.88. The expected oversold level declines  to 3.80.

A close above 4.19 would signal higher. The expected overbought level declines to 4.50.

 

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGK25

Weekly – In the September 2024 uptrend; breaks above resisitance. Trade pressures remain up. Volumes remain bullish.

Daily – Flat. Breaks above the median line at 4.93. Then breaks above 5.00. Trade pressures are up.  Volumes remain bullish.

Now at the 5.14 upside resisitance and retracing. Short term support at 5.04. The next target down is 4.92. The expected oversold levels rise to 4.75.

A close back above 5.14 would signal higher. The expected overbought levels rise to 5.22.

 

GOLD_ GCJ25 ( Roll to June next week.)

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

Daily – Long. Bull Flag breaks out at 2926 on 3/12. Trade pressures are down.  Volumes are neutral.

The next target up is 3065, the prior high. The expected overbought level rises to 3094.

A close below 2977 would signal lower. The expected oversold level rises to 2932.

[3-21-25: Set the SL at 3000.]

[3-28-25: Raise the SL to 3100.][Correction: rollover. Sell at market, 3089.]

 

SILVER_ SIK25

Weekly – In the December 2023 uptrend. Trade pressures are down, but rising.  Volumes remain bullish.

Daily – Flat. Retracement to 33.36 on 3.21 stops out the trade for a BE.  Trade pressures are down.  Volumes are bearish.

The next target up is 35.17. Overbought levels are 35.17.

A close below 33.36 would signal lower. The oversold levels are 29.15.

[3-24-25: Short at 33.45. SL at 33.82.]

[3-25-25: Stopped out for a loss at 33.82.]