Market Summary:

The 10yr yields retraced to 4.30 and now rising to 4.42% and resistance. Copper near support.  Gold forms a bull flag. Silver at the Median line support near 29.70.

Crude in new move down; breaking another support.  Natural Gas is basing, speculative long trade.

The US 30yr Treasury Bond is basing; looking for a long trade entry.

The US Dollar up sharply; but near overbought levels.

_________________

S&P 500 Futures   #ESZ24

Monthly –Monthly bar closes higher, but off the highs. Trade pressures remain up. Volumes closed the month of October as bullish.  The 6019 target was touched and did provide resistance.  A break below 5729 would confirm any weekly move lower. The next target down then would be 5382.

Weekly – The weekly has a lower close.  Trade pressures are just above the neutral zone. Volumes remain low, and bearish.  The next target up remains 6057 (new highs).  A close below 5920 would confirm any daily move lower.

Daily – Short. In a new move down from the 5948 entry on 11-15. Trade pressures are up but declining.  Volumes are bearish.

The next target down is 5752. The expected oversold level rises to 5856.

A close above 5954 would signal higher. The expected overbought level rises to 6129.

Set the SL at 5948.

[11-19-24: Stopped out at 5948, dropped to 5855 then rallied to BE.]

___________________

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.

The Navellier portfolio stocks closed down 35% for the 2022 Year.  The Navellier portfolio stocks closed up 17% for the 2023 Year.

Portfolio stock values for 2024.  The portfolio value rises to $151,000. The Year-to-Date portfolio performance is  up 51%.

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

Market Summary:

The 10yr yields rose to 4.47% and now retracing to 4.30%. Copper remains choppy, but China stimulus may help.  Gold declines, now forming a bull flag. Silver retests the Median line support at 31.25.

Crude in new move down after election.  Natural Gas is basing.

The US 30yr Treasury Bond lower, but looking for a long trade entry.

The US Dollar up sharply on the election results; but near overbought.

_________________

S&P 500 Futures   #ESZ24

Monthly –Monthly bar closes higher. Trade pressures remain up. Volumes closed the month of October as bullish.  The 6019 target is met and should provide resistance.  A break below 5729 would confirm any weekly move lower. The next target down then would be 5382.

Weekly – The weekly has a higher close again.  Trade pressures are just above the neutral zone. Volumes remain low, but bullish.  The next target up remains 6057 (new highs).  A close below 5892 would confirm any daily move lower.

Daily – Flat. Stopped out of the long trade at the 5876 level on 10/23. Trade pressures turned down at the end of October, but now have rallied to up, into and thru the election.  Volumes are bullish.

The next target up is 6057. The expected overbought level rises to 6006.

A close below 5948 would signal lower. The expected oversold level rises to 5791.

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.

The Navellier portfolio stocks closed down 35% for the 2022 Year.  The Navellier portfolio stocks closed up 17% for the 2023 Year.

Portfolio stock values for 2024.  The portfolio value rises to $152,000. The Year-to-Date portfolio performance is  up 52%.

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

Market Summary:

The 10yr yields hold at 4.07%. Copper finds support at the 200 day MA.  Gold rallies out of a bull flag. Silver rallies off the Median line support at 30.50.

Crude short almost complete.  Natural Gas continues move down. Texas opens new NG pipeline to Gulf..

The US 30yr Treasury Bond lower still; the 10yr yields holding in the 4’s.

The US Dollar breaks above the 200 day MA; near overbought.

_________________

S&P 500 Futures   #ESZ24

Monthly –Monthly bar still higher. Trade pressures remain up. Volumes closed the month of September as bullish.  The next target up remains at 6019.  A break below 5607 would confirm any weekly move lower. The next target down then would be 5260.

Weekly – The weekly has a higher close again.  Trade pressures are just above the neutral zone. Volumes remain low, but bullish.  The next target up is 6057 (new highs).  A close below 5782 would confirm any daily move lower.

Daily – Long. After a small retracement, price breaks out of the bull flag at 5794 at the week’s close (10/9).  Trade pressures remain up but have declined to near the neutral zone.  Volumes are bullish.

The next target up remains 5876. The expected overbought level rises to 5894.

A close below 5776 would signal lower. The expected oversold level rises to 5725.

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.

The Navellier portfolio stocks closed down 35% for the 2022 Year.  The Navellier portfolio stocks closed up 17% for the 2023 Year.

Portfolio stock values for 2024.  The portfolio value holds at $144,000. The Year-to-Date portfolio performance is  up 44%.

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

Market Summary:

The 10yr yields rise to 4.07%. Copper looking for support.  Gold breaks out of a bull flag. Silver looking for new long around the 31 area.

Crude pulls back after the rally..  Natural Gas declining after meeting the 200 day MA resistance.

The US 30yr Treasury Bond still down with the 10yr yields rising.

The US Dollar in consolidation at the 200 day MA..

_________________

S&P 500 Futures   #ESZ24

Monthly –Monthly bar higher. Trade pressures remain up. Volumes closed the month of September as bullish.  The next target up remains at 6019.  A break below 5555 would confirm any weekly move lower. The next target down then would be 5206.

Weekly – The weekly has a higher close again.  Trade pressures remain in the neutral zone. Volumes remain just barely bullish.  The next target up remains 5890 (new highs).  A close below 5689 would confirm any daily move lower.

Daily – Long. After a small retracement, price breaks out of the bull flag at 5794 at the week’s close (10/9).  Trade pressures remain up but have declined to near the neutral zone.  Volumes are bullish.

The next target up remains 5876. The expected overbought level has declined to 5679.

A close below 5714 would signal lower. The expected oversold level rises to 5817.

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.

The Navellier portfolio stocks closed down 35% for the 2022 Year.  The Navellier portfolio stocks closed up 17% for the 2023 Year.

Portfolio stock values for 2024.  The portfolio value rises to $144,000. The Year-to-Date portfolio performance is now up 44%.

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

Market Summary:

The 10yr yields rise to 3.98%. Copper in consolidation.  Gold and Silver also in consolidation after the move up.

Crude rallies hard on the middle east worries.  Natural Gas holding at 200 day MA resistance.

The US 30yr Treasury Bond down hard on the 10yr yields rising.

The US Dollar futures reversed higher after the Iranian involvement.

_________________

S&P 500 Futures   #ESZ24

Monthly –Monthly bar just off the prior month high. Trade pressures remain up. Volumes closed the month of September as bullish.  The next target up remains at 6019.  A break below 5488 would confirm any weekly move lower. The next target down then would be 5164.

Weekly – The weekly closes higher again.  Trade pressures remain in the neutral zone. Volumes remain bullish.  The next target up remains 5890 (new highs).  A close below 5689 would confirm any daily move lower.

Daily – Long. After a small retracement, price is testing a breakout of the bull flag at 5794 at the week’s close.  Trade pressures are up but have declined to near the neutral zone.  Volumes are bearish.

The next target up remains 5876. The expected overbought level has declined to 5765.

A close below  5714 would signal lower. The expected oversold level rises to 5655.

___________________

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.

The Navellier portfolio stocks closed down 35% for the 2022 Year.  The Navellier portfolio stocks closed up 17% for the 2023 Year.

Portfolio stock values for 2024.  The portfolio value rises to $143,000. The Year-to-Date portfolio performance is now up 43%.

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

Market Summary:

The 10yr yields rise to 3.75%. Copper sharply higher.  Gold at new highs. Silver moves to new highs

Crude continues the pullback.  Natural higher again, but at new resistance.

The US 30yr Treasury Bond  poised for a new rally.

The US Dollar futures moving down in chop.

_________________

S&P 500 Futures   #ESZ24

Monthly –Monthly bar close above the prior month high. Trade pressures remain up. Volumes closed the month of August as bullish.  The next target up 6019.  A break below 5488 would confirm any weekly move lower. The next target down then would be 5143.

Weekly – The weekly closes higher.  Trade pressures are now in the neutral zone. Volumes remain bullish.  Closed back above the prior long entry trigger at 5525. The next target up is 5890 (new highs).  A close below 5632 would confirm any daily move lower.

Daily – Flat. In the move up from 5581 on 9/11 and was stopped out at 5628 on 9/16.  Trade pressures are up.  Volumes are bullish.
The next target up is 5876. The expected overbought level has risen to 5792.
A close below  5761 would signal lower. The expected oversold level declines to 5609.

___________________

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.

The Navellier portfolio stocks closed down 35% for the 2022 Year.  The Navellier portfolio stocks closed up 17% for the 2023 Year.

Portfolio stock values for 2024.  The portfolio value remains at $141,000. The Year-to-Date portfolio performance is now up 41%.

Wingstop (WING) will be replaced by Targa Resources (TRGP) at the Monday open.

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

Market Summary:

The 10yr yields decline to the 3.65%. Copper breaks out of the downward channel.  Gold breaks above the consolidation to new highs. Silver stopped out of short and moves above the downtrend lines.

Crude signals a new long, butt lack volume.  Natural gas continues the move up, but at resistance.

The US 30yr Treasury Bond  rallied on interest rate cut prospects, but now in consolidation.

The US Dollar futures moving sideways in a wide channel.

_________________

S&P 500 Futures   #ESZ24  Dec Contract

Monthly –Monthly bar closes above the prior month high. Trade pressures remain up. Volumes closed the month of August as bullish.  The next target up 6019.  A break below 5473 would confirm any weekly move lower. The next target down then would be 5126.

Weekly – The weekly closes up, engulfing the prior down bar.  Trade pressures are now near the neutral zone. Volumes remain bullish.  Closed back above the prior long entry trigger at 5525. The next target up is 5899 (new highs).  A close below 5451 would confirm any daily move lower.

Daily – Flat. In the move up from 5581 on 9/11.  Trade pressures are up.  Volumes are bullish.  The next target up is 5729. The expected overbought level has risen to 5644. A close below  5646 would signal lower. The expected oversold level declines to 5392.

[9-16-24:The ESU24 September long contract closed]

___________________

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.

The Navellier portfolio stocks closed down 35% for the 2022 Year.  The Navellier portfolio stocks closed up 17% for the 2023 Year.

Portfolio stock values for 2024.  The portfolio value moves up to $141,000. The Year-to-Date portfolio performance is now up 41%.

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

Market Summary:

The 10yr yields decline to the 3.70%. Copper declines.  Gold retested the highs and declined.  Silver remains a short.

Crude drops to support.  Natural gas in a new move up.

The US 30yr Treasury Bond  rallies on interest rate cut prospects.

The US Dollar futures pull back but still long long.

_________________

S&P 500 Futures   #ESU24

Monthly –Monthly bar closes below the prior month low. Trade pressures remain up. Volumes closed the month of August as bullish.  The next target up remains 5958.  The close was just above the 5412; a break below would confirm the weekly move lower. The next target down would be 5067.

Weekly – The weekly closes down hard.  Trade pressures remain up, but continuing to show lower highs.  Volumes remain bullish.  Closed back below the new long entry trigger at 5454. The next target up is still 5829 (new highs).  A close below 5372 would confirm the daily move lower.

Daily – Short. In the move down after the break of the 5527 level. The short trade was stopped out with a profit stop at 5485, only to fall another 65 points. Trade pressures are down.  Volumes are bearish.  The next target down is 5369. The expected oversold level declines to 5452. A close above 5497 would signal higher. The expected overbought level has declined to 5634.

Should expect some reflex rally here. Set 5476 as a SL for the short.

___________________

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.

The Navellier portfolio stocks closed down 35% for the 2022 Year.  The Navellier portfolio stocks closed up 17% for the 2023 Year.

Portfolio stock values for 2024.  The portfolio value moves down to $138,000. The Year-to-Date portfolio performance is now up 38%.

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

Market Summary:

The 10yr yields rising toward 4.00%. Copper is consolidating.  Gold is a short.  Silver is a short.

Crude long failed, now a short.  Natural gas rising.

The US 30yr Treasury Bond looking lower.

The US Dollar futures now long.

_________________

S&P 500 Futures   #ESU24

Monthly –Wide ranging bar closes on it’s high. Trade pressures remain up. Volumes closed the month of August as bullish.  The next target up remains 5958.  A close below 5412 would confirm any weekly move lower. The next target down would be 5067.

Weekly – The weekly closes just above the prior highs.  Trade pressures remain up but showing lower highs.  Volumes remain bullish.  Closed above the new long entry at 5454 on 8/23. The next target up is 5829 (new highs).  A close below 5381 would confirm any daily move lower.

Daily – Flat. Reverses the two day move down and rallies to test the downtrend line at 5665. Trade pressures are up but declining.  Volumes remain bullish.  The next target up is the 5721 prior high; then 5813. The expected overbought level has declined to 5647.  A close below 5527 would signal lower. The expected oversold level rises to 5506.

Both NVDA and the Inflation reports were benign. The market was quiet except for the rally at the close to square up positions into the 3 day, Labor Day weekend.

[9-4-24: Short entry triggered at 5527. Wait for a back-test at 5600 to enter if resistance holds.]

[9-5-24: Rallied back to broken support at 2555, short.  Set SL at 5557.  Take profits at 5485 ]

[9-6-24: Profit stop hit for a gain.]

___________________

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.

The Navellier portfolio stocks closed down 35% for the 2022 Year.  The Navellier portfolio stocks closed up 17% for the 2023 Year.

Portfolio stock values for 2024.  The portfolio value moves up to $141,000. The Year-to-Date portfolio performance is now up 41%.

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

At the open on September 3rd, WingStop (WING) and Costco (COST) will replace Targa Resources (TRGP) and Vertiv (VRT).