Author: ChasW

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Summary:

Copper’s is a new long, but overbought and at resistance.  Gold near overbought levels, but Silver paused at resistance then moved thru only to sell off.

The Crude in a new up move after consolidation. Natural gas forming a bull flag.

The US 30yr Treasury Bond rallies thru the Long trigger.

The US Dollar futures remain in the move up but still at overbought levels.

_________________

S&P 500 Futures #ESU23

Monthly – Tests the prior 4634 high. Trade pressures remain up. Volumes closed the month of August as bullish. The next target up remains 4961. A close below 4323 would confirm any weekly move lower.

Weekly – The weekly moves up off the 4350 lows but still in the move down. Trade pressures are still up, but are turning down. Volumes remain bearish. The close below 4437 confirmed the daily move lower. The next target down is still 4230. A close above 4591 would confirm any Daily move higher.

Daily – Long. The close above 4478 on 8/29 signaled higher.  Trade pressures are now up. Volumes are bullish. The next target up is 4537.  The expected overbought level is 4542.  A close below 4418 would signal lower. The expected oversold level is 4329.

___________________

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 2023 year.

The Navellier portfolio stocks closed down 35% for the 2022 Year.

Portfolio values closed up for the week at approximately $112,000 with the new changes. The Year-to-Date portfolio performance is now up 12%.

[The author may have long or short positions in any of the securities mentioned.]

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXU23

Weekly –  In the November 2022 downtrend and still testing the upside resistance. Trade pressures are up. Volumes remain bullish.

Daily – Long. In the move up from the long signal at 100.26 on 7/27.  Trade pressure remains up. Volumes are now bearish.

The next target up is 104.38. The overbought levels are 104.23.

A close below 103.12 would signal lower. The expected oversold levels are now 102.91.

 

US30YR T-BOND_ USU23

Weekly – In the October 2021 downtrend and moving down and away from upside resistance. Trade pressures are down. Volumes remain bearish.

Daily  – Long. A bounce off the 117-18 lows rallied thru the long entry at 120-22  to 122-01, then sold off hard on Friday. Trade pressures are down. Volumes are bearish.

Look for a pullback to enter the long trade around 118-10. The next target up is 123-20.  Expected overbought levels are 121-09.

A close below 118-06 would signal lower. The next target down is 117-10. Expected oversold levels are 117-11.

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLV23

Weekly – In a new August 2023 uptrend. Trade pressures are up. Volumes remain bullish.

Daily – Flat. In the longer term move up from 73 on 7/11. Trade pressures are up.  Volumes are remain bullish.

The next target up is 90.59.  The overbought levels are now 85.25. Support is at 76.07.

Got the new buy on a pullback to 77.50. A close above 80.88 signaled higher. The next overbought level is 83.26.

A close below 77.50 would signal lower. The expected oversold levels are 79.18.

 

NAT GAS_ NGV23

Weekly – In the December 2022 downtrend; holding at long term support. Trade pressures are up into the neutral zone. Volumes are now bullish.

Daily – Flat. The uptrend is testing the support at 2.73.  Trade pressures are up. Volumes remain bearish.

The next target up is 2.82. The expected overbought level is 2.94.

A close below 2.71 would signal lower. The expected oversold level is 2.52.

[The average daily range is moderating. Still too much volatility; stops won’t work.  Stay Away.]

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGU23

Weekly – In the May 2023 downtrend. Trade pressures are down. Volumes are now neutral.

Daily – Flat. In the move up from the 3.74 trigger on 8-22.  Trade pressures are up. Volumes are now bearish.

Still waiting for a pull back to 3.73.The expected overbought levels remain 3.90.

a breakdown below 3.82 would signal lower. Oversold levels are now 3.68. The next target down would be 3.78.

 

GOLD_ GCZ23

Weekly – In the new August 2023 downtrend, breaking the support levels. Trade pressures are up into the neutral zone. Volumes remain bearish.

Daily – Flat. up against the 200 day MA at 1980. Trade pressures are up. But volumes are bearish.

The next target down is 1927. The expected oversold levels are at higher lows at 1928.

This pullback to 1927 might be a good time to enter a new long trade. The expected overbought levels are 1974.

 

SILVER_ SIU23

Weekly – In the April 2023 uptrend. Trade pressures are now up. Volumes are now nwutral.

Daily – Flat. In the move up from the close above the 22.83 signal. Trade pressures are up. Volumes are bullish.

At 25.31 median line resistance. The next target up is 25.76.  Overbought levels are 26.70.

A close below 23.54 would signal lower. Oversold levels are expected at 21.27.

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Summary:

Copper’s is near a new long.  Gold down near overbought levels, but Silver rallied hard to the 24.20 target and resistance.

The Crude in a new down move, but looks to be consolidation. Natural gas in a  move up.

The US 30yr Treasury Bond attempted another rally. It does appear to basing.

The US Dollar futures remain in the move up but near overbought.

_________________

S&P 500 Futures #ESU23

Monthly – The selloff has taken price down near the 4400 level. Trade pressures remain up. Volumes closed the month of July as bullish. The next target up is 4961. A close below 4323 would confirm any weekly move lower.

Weekly – The weekly bounces off the 4350 lows. Trade pressures are still up. but are turning down. Volumes are bearish. The close below 4437 confirmed the daily move lower. The next target down is 4230. A close above 4591 would confirm any Daily move higher.

Daily – Short. In the move down from the 4533 short signal on 8/3.  Trade pressures are down. Volumes remain bearish. The next target down is 4230. The expected oversold level is 4322. A close above 4378 would signal higher. The expected overbought level is 4449.

Although the market is approaching oversold levels, the last week of August is likely not the time to be entering new positions.

[8-18-23: Short stopped out at 4504.]

___________________

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 2023 year.

The Navellier portfolio stocks closed down 35% for the 2022 Year.

Portfolio values closed approximately unchanged for volatile week at approximately $106,000. The Year-to-Date portfolio performance is now up 6%.

[The author may have long or short positions in any of the securities mentioned.]

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXU23

Weekly –  In the November 2022 downtrend and still testing the upside resistance. Trade pressures are up. Volumes are now bullish.

Daily – Long. In the move up from the long signal at 100.26 on 7/27.  Trade pressure remains up. Volumes are now bearish.

The next target up is 104.25. The expected overbought levels are 104.25.

A close below 103.35 would signal lower. The expected oversold levels are now 102.70.

 

US30YR T-BOND_ USU23

Weekly – In the October 2021 downtrend and moving down and away from upside resistance. Trade pressures are down. Volumes remain bearish.

Daily  – Flat. A bounce off the 117-18 lows. Trade pressures are up. Volumes are bullish.

In the move up from 118-24 on 8/23.   Expected overbought levels are 121-08.

A close below 119-06 would signal lower. The next target down is 117-10. Expected oversold levels are 116.16.

 

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLV23

Weekly – In a new August 2023 uptrend. Trade pressures are up. Volumes remain bullish.

Daily – Flat. The 79.42 short entry on 8-18 was stopped out for a loss on 8-20. Trade pressures are down, but rising. Volumes are now bullish.

The next target down is 74.45.  The expected oversold levels are now 78.01. Support at 77.50.

Watching for a new buy on a pullback. A close above 80.88 would signal higher. The next overbought level is 83.26.

 

NAT GAS_ NGV23

Weekly – In the December 2022 downtrend; holding at long term support. Trade pressures are down again. Volumes are now neutral.

Daily – Flat. The move down from 2.90 has now changed to an uptrend.  Trade pressures are down but rising. Volumes remain bearish.

The next target up is 2.87. The expected overbought level is 2.81.

A close below 2.56 would signal lower. The expected oversold level is 2.42.

[The average daily range is moderating. Still too much volatility; stops won’t work.  Stay Away.]

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGU23

Weekly – In the May 2023 downtrend. Trade pressures are down. Volumes remain bearish.

Daily – Flat. The move down from 3.81 was stopped out at the cross above 3.75 on 8/22..  Trade pressures are down into the neutral zone. Volumes are bullish.

At the entry for the net move up at 3.74, but waiting for a pullback.  A pull back to 3.67 and then close above 3.74 would signal higher. The expected overbought levels remain 3.83.

a breakdown below 3.67 would signal lower. Oversold levels are now 3.62. The next target down is 3.61.

 

GOLD_ GCZ23

Weekly – In the new August 2023 downtrend, breaking the support levels. Trade pressures are down. Volumes are bearish.

Daily – Flat. The 1981 short signal on 8/2 was stopped out at the move above the 1927 level on 8/22. Trade pressures are up. But volumes are now bearish.

The next target down is 1903. The expected oversold levels are at higher lows at 1901.

Need a pullback to 1927 to enter a new long trade. The expected overbought levels are 1965.

 

SILVER_ SIU23

Weekly – In the April 2023 uptrend. Trade pressures are now up. Volumes are now bullish.

Daily – Flat. In the move up from the close above the 22.83 signal. Trade pressures are up. Volumes are bullish.

At 24.20 resistance. The next target up is 25.41.  Overbought levels are 26.35.

A close below 23.67 would signal lower. Oversold levels are expected at 20.63.

Navellier Top 5 for September

High-Growth Investments

Novo Nordisk AS

Novo Nordisk AS (NVO) has exhibited tremendous relative strength in August, as the stock is up about 18% in the past four weeks. You may recall from our earlier discussion that Novo Nordisk is a biotech company focused on developing treatments to combat diabetes, obesity and other chronic illnesses, as well as rare blood and rare endocrine diseases.

Most recently, Novo Nordisk has benefited immensely from robust demand for its weight-loss and diabetes drugs, Wegovy and Ozempic. During the first six months of 2023, total sales rose 29% year-over-year and earnings increased 43% year-over-year. Given the positive first half, the company increased its outlook for fiscal year 2023.

Novo Nordisk now expects full-year 2023 earnings growth between 31% and 37%, up from previous forecasts for 24% to 30% annual earnings growth. Full-year revenue growth is now anticipated to be between 27% and 33%, compared to prior estimates for 28% to 34% annual revenue growth. As a result, analysts have increased third-quarter and full-year earnings estimates over the past three months. NVO is a Conservative buy below $200.

SOM Technicals: 

2-24-23: Closed at 141.60. Trade pressures are down. Volumes are now neutral. The next target down is 188.22.

3-4-23: Closed at 144.90. Trade pressures are up. Volumes are bullish. The next target up is 149.62.

3-11-23: Closed at 141.29. Trade pressures are down but rising. Volumes are bearish. The next target down  is 134.71.

3-17-23: Closed at 139.44. Trade pressures are down but rising. Volumes are neutral. The next target down is 134.74.

3-24-23: Closed at 152.76. Trade pressures are up. Volumes are bullish. The next target up is 159.89.

3-31-23: Closed at 159.14. Trade pressures are up. Volumes are bullish. The next target up is 177.85.

4-14-23: Closed at 168.60. Trade pressures are up. Volumes are bullish. The next target up is 177.65.

4-22-23: Closed at 172.65. Trade pressures are rising into the neutral zone. Volumes are bullish. The next target up is 177.65.

4-28-23: Closed at 167.09. Trade pressures are up. Volumes are now neutral. The next target down is 159.13.

5-7-23: Closed at 163.24. Trade pressures are down but rising. Volumes are neutral. The next target up is 167.92.

5-13-23: Closed at 171.27. Trade pressures are up. Volumes are bullish. The next target up is 177.65.

5-20-23: Closed at 170.54. Trade pressures are up. Volumes are bullish. The next target up is 172.97.

5-27-23: Closed at 162.23. Trade pressures are down but rising. Volumes are bearish. The next target down is 159.13.

6-3-23: Closed at 157.14. Trade pressures are down. Volumes are now bullish. The next target down is 150.57.

6-10-23: Closed at 158.05. Trade pressures are down into the  neutral zone. Volumes are neutral. The next target down is 153.05.

6-20-23: Closed at 159.698. Trade pressures are down. Volumes are bullish. The next target down is 156.49.

6-24-23: Closed at 159.07. Trade pressures are down. Volumes are bearish. The next target down is 156.49.

8-25-23: Closed at 186.43. Trade pressures are down into the neutral zone. Volumes are neutral. The next target down is 178.22.

9-1-23: Closed at 189.31. Trade pressures are down but turning  up. Volumes are bullish. The next target up is 191.19, the prior high.

9-8-23: Closed at 195.40. Trade pressures are up. Volumes are bullish. The next target up is the 197.54 prior high.

9-16-23: Closed at 190.43. Trade pressures are down/ Volumes are bearish. Made the 201.76 high, but now in pullback mode. The next target down is 188.26.

9-23-23: Closed at 91.30. 2:1 stock split on September 20. Trade pressures are down into the neutral zone. volumes are bearish. The next target down is 89.95.

 

Quanta Services, Inc.

Quanta Services, Inc. (PWR) offers infrastructure solutions for electric power, wireless and fiber optic installation, underground utilities and pipelines. Simply put, Quanta Services provides “the infrastructure that powers your world,” and it has benefited from the shift to 5G.

In fact, thanks to strong demand for its services, the company achieved record second-quarter results.

For the second quarter, Quanta Services reported adjusted earnings of $1.65 per share and revenue of $5.05 billion, which compared to adjusted earnings of $1.55 per share and revenue of $4.23 billion in the same quarter a year ago. Analysts expected adjusted earnings of $1.63 per share on revenue of $4.71 billion.

Given the positive quarterly results, Quanta Services upped its outlook for fiscal year 2023. Full-year revenue is now forecast to be between $19.6 billion and $20.0 billion and adjusted earnings per share are expected to be between $6.90 and $7.30. In turn, analysts have increased earnings estimates for upcoming quarters and full year 2023. PWR is a Conservative buy below $221.

SOM Technicals:

7-30-22: Closed at 138.73. Trade pressures are up. but showing divergence. Volumes are bearish. The  next target down is 133.65.

8-6-22: Closed at 136.91. Trade pressures are down but rising. Volumes are bullish. The next target up is 138.44.

8-12-22: Closed at 143.46. Trade pressures are up. Volumes are bullish. The next target up is 145.03.

8-21-22: Closed at 142.02. Trade pressures are down into the neutral zone. Volumes are now neutral. The next target down is 138.78.

1-29-23: Closed at 150.00. Trade pressures are up. Volumes are bullish. The next target up is 154.23.

2-3-23: Closed at 152.43. Trade pressures are up. Volumes are neutral. The next target up is 154.23.

2-11-23: Closed at 151.34. Trade pressures are down. Volumes are now bearish. The next target down is 148.46.

2-18-23: Closed at 154.90. Trade pressures are up. Volumes are up. The next target up is 158.55. A close below 153.45 would signal lower.

2-24-23: Closed at 160.64. Trade pressures are up. Volumes are neutral. The next target up is 163.65.

3-4-23: Closed at 163.12. Trade pressures are rising into the neutral zone. Volumes are bullish. The next target up is 168.75.

3.11.23: Closed at 157.35. Trade pressures are down. Volumes are bearish. The next target down is 148.96.

3-17-23: Closed at 155.10. Trade pressures are in the neutral zone. Volumes are bearish. The next target down is 148.96.

3-24-23: Closed at 160.78. Trade pressures are down. Volumes are bullish. The next target down is 156.74.

4-28-23: Closed at 169.64. Trade pressures are up into the neutral zone. Volumes are bullish. The next target up is 170.39.

5-7-23: Closed at 171.07. Trade pressures are down but rising into the neutral zone. Volumes are bullish. The next target up is 171.94, the prior high.

5-13-23: Closed at 173.85. Trade pressures are up. Volumes are now bearish. The next target up is 179.82.

5-20-23: Closed at 171.72. Trade pressures are up. Volumes are neutral. The next target up is 179.82.

5-27-23: Closed at 174.00. Trade pressures are up. Volumes are bullish. The next target up is 179.82.

6-3-23: Closed at 180.08. Trade pressures are up but declining. Volumes are bullish. The next target up is 181.83.

6-10-23: Closed at 182.83. Trade pressures are up. Volumes are now neutral. The next target down is 179.63.

6-20-23: Closed at 185.391. Trade pressures are up but declining. Volumes are bullish. The next target down is 181.95.

6-24-23: Closed at 186.62. Trade pressures are up but declining. Volumes are neutral. The next target down is 181.06.

7-1-23: Closed at 196.45. Trade pressures are up. Volumes are bullish. The next target up is 197.20.

7-9-23: Closed at 193.60. Trade pressures are down. Volumes are neutral. The next target down is 186.83.

7-15-23: Closed at 196.12. Trade pressures are down. Volumes are bullish. The next target down is 192.30.

7-21-23: Closed at 201.49. Trade pressures are up. Volumes are bullish. The next target up is 203.48.

8-25-23: Closed at  205.27. Trade pressures are down. Volumes are bullish. The next target down is 196.81.

9-1-23: Closed at 212.36. Trade pressures are up. Volumes are bullish. The next target up is 229.81.

9-8-23: Closed at 206.50. Trade pressures are down. Volumes are bearish. The next target down is 200.22.

9-16-23: Closed at 199.24. Trade pressures are down but rising. Volumes are bearish. The next target down is 192.43.

9-23-23: Closed at 188.45. Trade pressures are down. Volumes are bearish. The next target down is 179.83.

 

Royal Caribbean Cruises Ltd.

Royal Caribbean Cruises Ltd. (RCL) was a new addition to the High-Growth Investments Buy List in the July Growth Investor Monthly Issue. The company provides unique vacation experiences at sea, with cruise ships that offer a variety of dining options, high-quality accommodations, on-board entertainment and excursions on shore. The company’s fleet of 63 ships cruise to more than 270 destinations in more than 60 countries on six continents.

A rebound in the cruising industry post-pandemic led to strong ticket pricing and onboard revenue in the most-recent quarter. Royall Caribbean reported total second-quarter revenue of $3.52 billion and adjusted earnings of $491.7 million, or $1.82 per share. That compared to an earnings per share loss of $2.08 per share in the same quarter a year ago. Analysts expected adjusted earnings of $1.55 per share on $3.41 billion in revenue.

In the wake of its quarterly earnings announcement and anticipation for increased vacation demand going forward, Royal Caribbean upped its outlook for fiscal year 2023. Full-year adjusted earnings per share are now forecast to be between $6.00 and $6.20. So, the analyst community increased its third-quarter earnings estimates and now anticipates 1,246% (?) year-over-year earnings growth. RCL is a Moderately Aggressive buy below $117.

SOM Technicals:

8-25-23: Closed at 99.77. Trade pressures are up but turning down. Volumes are neutral. The next target down is 96.02.

9-1-23: Closed at 97.70.  Trade pressures are down. Volumes are bearish. The next target down is 85.56.

9-8-23: Closed at 97.36. Trade pressures are down but rising. Volumes are bearish. The next target down is 85.56.

9-16-23: Closed at 97.42. Trade pressures are up but turning down. Volumes are neutral. The next target down is 95.74.

9-23-23: Closed at 91.204. Trade pressures are down. Volumes are bearish. The next target down is 85.58.

 

Super Micro Computer, Inc.

Super Micro Computer, Inc. (SMCI) may have ignited the correction in AI-related stocks over the bumpy summer months, but the stock has also led the rebound in tech stocks this week with a more than 4% gain. The fact is the technology solutions company continues to benefit from the red-hot AI craze, and it still has stunning forecasted earnings growth.

In fact, the analyst community has increased full-year 2023 earnings estimates 51.7% higher in the past three months. Full-year earnings are now forecast to increase 40.4% year-over-year to $16.58 per share, up from $11.81 per share in 2022. Third- and fourth-quarter earnings estimates have also been revised 16.1% and 38% higher, respectively, over the past three months. As you know, positive analyst revisions typically precede future earnings surprises. SMCI is an Aggressive buy below $335.

SOM Technicals:

7-1-23: Closed at 250.40. Trade pressures are up. Volumes are bullish. The next target up is 253.96.

7-9-23: Closed at 260.89. Trade pressures are up but declining. Volumes are bullish. The next target up is 270.18.

7-15-23: Closed at 296.94. Trade pressures are up. Volumes are bearish. The next target up is 306.85, the prior high.

7-21-23: Closed at 303.15. Trade pressures are up but down near the neutral zone. Volumes are bullish. The next target down is 271.97.

7-29-23: Closed at 334.50. Trade pressures are up. Volumes are bullish. The next target up is 412 but support is 325.00.

8-4-23: Closed at 338.10. Trade pressures are down but rising. Volumes are bullish. The next target up is 412.40.

8-11-23: Closed at 254.43. Trade pressures are down hard. Volumes are bearish. The next target down is 231.88.

8-18-23: Closed at 243.55. Trade pressures are down. Volumes are bearish. The next target down is 215.81. A close above 254 would signal higher.

8-25-23: Closed at 253.96. Trade pressures are down. Volumes are neutral. The next target is 237.43.

9-1-23: Closed at 282.16. Trade pressures are up. Volumes are bullish. The next target up is 312.74.

9-8-23: Closed at 280.66. Trade pressures are down but rising. Volumes are bullish. The next target up is 288.19.

9-16-23: Closed at 249.26. Trade pressures are down. Volumes are bearish. The next target down is 237.74.

9-23-23: Closed at 236.25. Trade pressures are down. Volumes are neutral. The next target down is the prior low at 213.00.

 

Toll Brothers, Inc.

Toll Brothers, Inc. (TOL) was a new addition to the High-Growth Investments Buy List back in July, and if you recall, it’s the top builder of luxury homes in the U.S. The company builds homes and housing communities in 24 states nationwide – and it has benefited from the strongest rise in housing starts in six years and robust demand for new-build homes.

In fact, Toll Brothers released better-than-expected results for its third quarter in fiscal year 2023 on Tuesday evening. Third-quarter earnings increased 51.7% year-over-year to a record $414.8 million, or $3.73 per share, beating analysts’ estimates for earnings of $2.81 per share by 32.7%. The company noted that home sales rose 19% year-over-year to $2.7 billion, which also topped estimates for $2.41 billion.

Toll Brothers inked 2,245 contracts, worth a total of $2.2 billion, in the quarter. The company’s backlog of homes at the end of the quarter stood at 7,295, and its backlog value totaled $7.9 billion. For the fourth quarter, Toll Brothers expects to deliver between 2,650 and 2,750 homes. Full-year home deliveries are anticipated to be between 9,500 and 9,600. TOL is a Conservative buy below $84.

SOM Technicals:

8-25-23: Closed at 77.40. Trade pressures are down. Volumes are bullish. The next target down is 72.12.

9-1-23: Closed at 83.83. Trade pressures are up/ volumes are bullish. The next target up is 85.29.

9-8-23: Closed at 80.92. Trade pressures are up into the neutral zone. Volumes are bullish. The next target up is 82.49 resistance.

9-16-23: Closed at 77.87. Trade pressure are down. Volumes are bearish. The next target down is 76.24.

9-23-23: Closed at 74.07. Trade pressures are down. Volumes are neutral. The next target down is 72.97.

 

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Summary:

Copper’s is basing.  Gold in the steady decline, but Silver is holding at the 200 day MA; however, with still downward pressures.

The Crude continues the move to the upside; took profits at 84, looking toppy. Natural gas in the move down.

The US 30yr Treasury Bond attempted a rally, but now lower. It does appear to basing.

The US Dollar futures in the move up.

_________________

S&P 500 Futures #ESU23

Monthly – The 4634 prior weekly close remains resistance. Trade pressures remain up. Volumes closed the month of July as bullish. The next target up is 4961. A close below 4323 would confirm any weekly move lower.

Weekly – The weekly continues the move lower. Trade pressures are still up. but are turning down. Volumes are now bearish. The close below 4437 confirms the daily move lower. The next target down is 4213. A close above 4591 would confirm any Daily move higher.

Daily – Short. In the move down from the 4533 short signal on 8/3.  Trade pressures are down. Volumes remain bearish. The next target down is 4230. The expected oversold level is 4345. A close above 4378 would signal higher. The expected overbought level is 4475.

[8-18-23: Stopped out at 4504.]

___________________

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 2023 year.

The Navellier portfolio stocks closed down 35% for the 2022 Year.

Portfolio values closed down 3% at approximately $106,000 with the $100 crash in Super Micro. The Year-to-Date portfolio performance is now up 6%.

[The author may have long or short positions in any of the securities mentioned.]