Author: ChasW

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.

5-10-25: Closed at 117.32. Trade pressures are down but rising. Volumes are bullish. The next target down is 111.59.

 

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.

5-10-25: Closed at 549.65. Trade pressures are down hard. Volumes are neutral. The next target down is 500.42.

 

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.

5-10-25: Closed at 217.14. Trade pressures are up but declining. Volumes are bullish. The next target down is 197.20.

 

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.

5-10-25: Closed at 116.72. Trade pressures are up. Volumes are neutral. The next target up down is 95.62.

 

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.

5-10-25: Closed at 161.77. Trade pressures are down. Volumes are bearish. The next target down is 153.60.

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Summary:

Copper has triggered a long entry.  Gold again at all time highs. Silver stopped out of long trade.

Crude is a long.  Natural Gas shaort is near the profit stop.

The US 30yr Treasury is a long. The 10yr yields rise above 4.50% and then return quickly to the 4.30’s.

The US Dollar still showing lower.

_________________

S&P 500 Futures   #ESM25

Monthly –Monthly bar crashes below 4900 and then rallies back above 5000. Trade pressures are in the neutral zone. Volumes closed the month of March as bearish.  The 6233 price remains the adjusted high. The 4917 target was touched. A close above 5352 would confirm any weekly move higher.

Weekly – The weekly bar consolidating after reversal off the 4900 lows.  Trade pressures remain down. Volumes are now neutral.  Reached the 4832, the October 2024 low. The close above 5244 confirms the daily move higher.

Daily – Long. In the move up off the 5067 entry level. The long trade was sold as resisitance was met at 5518. Trade pressures are in the neutral zone.  Volumes are bullish.

In a pullback forming a bull flag. Need a close above the downtrend resisitance at 5389 to restart the move up.  The expected overbought level declines to 5497.

A close below 5277 would signal lower. The expected oversold level rises to 4907.

 

___________________

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 $114,000.
The Year-to-Date portfolio performance is up 14%.

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXM25

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

Daily –Short. Short trade from 102.72 retesting 98.80 lows Trade pressures are down.  Volumes remain bullish.

The next target down is 97.48. The expected oversold levels declines to 97.64.

A close above 99.74 would signal higher. The expected overbought level declines to 102.48.

 

US30YR T-BOND_ USM25

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

Daily  – Long. After the drop to 111-16, a new move thru 114-11 long entry on 4/15 is triggered. Trade pressures are up.  Volumes are neutral.

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

A close belows 112-31 would signal lower. Oversold levels decline 105-28.

[Set the SL at 113-07.]

 

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM25

Weekly – Breaks down into the new April 2025 downtrend. Trade pressures are down. Volumes are neutral.

Daily –Long. The long entry tiggered at 61.36 in the 4/16 premarket. Trade pressures are up.  Volumes are bullish.

The next target up is 65.49.  The expected overbought levels declines to 64.20.

A close below 59.89 would signal lower. The expected oversold level rises to 58.09.

[set the SL at 59.89.]

[4-23-25: Raise the SL to 60.58.]

[4-25-25: Take profits at 62.38.]

 

NAT GAS_ NGK25

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

Daily – Short.  Breaks uptrend support and triggers the short entry at 3.75 on 4/4.  Trade pressures are down.  Volumes are bearish.

The next target down is 3.16. The expected oversold level declines to 3.10.

A close above 3.32 would signal higher. The expected overbought level declines to 3.76.

[set the SL at 3.32.] [Take profits at the 3.16 target.]

[4-21-25: Premarket session. Profit stop met. Flat]

 

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGK25

Weekly – In the September 2024 uptrend. Trade pressures are down but rising. Volumes are neutral.

Daily – Long. The new lang trade was triggered at 4.63 on 4-16. Trade pressures are up.  Volumes are bullish.

The next target up is 4.85. The expected overbought levels rise to 4.72.

A close below 4.61 would signal lower. The expected oversold levels rise to 4.01.

[set the SL at 4.56.]

[4-23-25: Raise the SL to 4.80.]

[4-25-25: Stopped out with a gain at 4.80.]

 

GOLD_ GCM25

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

Daily – Flat. Took long profits at the 3247 level. Trade pressures are up.  Volumes are bullish.

A close above 3367 would signal a resumption of the move up. The next target up is 3469. The expected overbought level rises to 3399.

A close below 3314 would signal lower. The expected oversold level rises to 3084.

[4-25-25: Short at 3314. SL 3387.]

 

SILVER_ SIK25

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

Daily – Flat. Consolidating at the 32.50 level. Trade pressures are up.  Volumes are neutral.

The next target up is 33.94. Overbought levels rise to 36.11.

The next target down is 31.16  The oversold levels decline to 28.79.

 

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Summary:

Copper has triggered a long entry.  Gold at all time highs. Silver at the new long entry.

Crude near a long entry  Natural Gasis a short.

The US 30yr Treasury, unusually, sells off in a down market. The 10yr yields rise above 4.00%.

The US Dollar crashes below 100.

_________________

S&P 500 Futures   #ESM25

Monthly –Monthly bar crashes below 4900 and then rallies back above 5000. Trade pressures are in the neutral zone. Volumes closed the month of March as bearish.  The 6233 price remains the adjusted high. The 4917 target is met. A close above 55352 would confirm any weekly move higher.

Weekly – The weekly bar gaps lower then reverses higher.  Trade pressures remain down. Volumes are now neutral.  Reached the 4832, the October 2024 low. The close above 5244 confirms the daily move higher.

Daily – Long. Closed above the long entry price of 5138 in a powerful bear market rally. Trade pressures remain down, but rising.  Volumes are neutral (short covering). Resistance is at 5528.

A close above 5528 would signal higher; then 5761.  The expected overbought level declines to 5524.

A close below 5192 would signal lower. The expected oversold level declines to 4835.

[ The VIX, a measure of volatility (hedging), is extremely high, rising to 60 at one point. These levels increase the trading risks. Consider standing aside until the volatility declines.]

[Set the SL at 5313.]

[4-14-25: Raise SL to 5372]

[4-16-25: Stopped out for a gain at 5372.]

___________________

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 dramatically for the week, now at $112,000.
The Year-to-Date portfolio performance is up 12%.

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXM25

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

Daily –Flat. Rally fails at 102.73, closing at 99.89. (Someone is selling the Dollar hard, it can cause interest rates to rise. Qui Bono?) Trade pressures are down.  Volumes are bullish.

The next target down is 97.52. The expected oversold levels declines to 99.51.

A close above 100.81 would signal higher. The expected overbought level rises to 103.52.

 

US30YR T-BOND_ USM25

Weekly – In a new April 2025 uptrend.  Trade pressures are down.  Volumes remain bearish.

Daily  – Flat. The new move up from 116-06 on 3-28 fails at 122-10 with a decline to 113-06. The short signal at 117-28 is triggered on 4/7. Trade pressures are down.  Volumes are bearish.

The next target down is 104-29. Oversold levels are 105-28.

A close above 114-22. Overbought levels decline to 119-27.