Market Summary:

Copper attempted higher, still retesting the 4.00 support.  Gold fails to hold support. Silver lower as well.

Crude at the upper bound of the October channel.  Natural Gas in a new move up.

The US 30yr Treasury Bond at target lows. The 10yr yields rise to 4.59%, near the 4.61% overbought expectations.

The US Dollar now neutral.

_________________

S&P 500 Futures   #ESH25

Monthly –Monthly bar closes lower. Trade pressures remain up. Volumes closed the month of November as bullish.  The 6161 price was the high. The next target up is 6602.  A break below 5870 would confirm any weekly move lower. The next target down then would be 5523.

Weekly – The weekly has a lower close.  Trade pressures remain up but declining. Volumes are bearish.  The 6127 upside target was met.  The close below 6040 has confirmed the daily move lower. The next target down is 5834.

Daily – Short. Sharp drop through the short entry at 6030. Trade pressures are up but declining sharply to the neutral zone.  Volumes are bearish.
The next target down is 5809.
A close above 6085 would signal higher and then the next target up would be 6330.
The expected oversold level declines to 5802.
The expected overbought level rises to 6153.

[set the SL to 6030.]

[12-24-24: stopped out at the short entry, 6030.]
___________________

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.

Portfolio stock values for 2024. 
The portfolio value declines to $142,000.
The Year-to-Date portfolio performance is  up 42%.

Guidewire Software (GWRE) will be replaced with Carpenter Technology (CRS) on the next business day.

Market Summary:

Copper attempted higher, now retesting the 4.00 support.  Gold in retracement down, needs to hold support here. Silver triggers new long and fails.

Crude’s move down reverses.  Natural Gas held 3.00 support, rallies to the 200 day MA and retraces.

The US 30yr Treasury Bond falls back.

The US Dollar now a long. The 10yr yields rise to 4.37%, near the 4.35% overbought expectations.

_________________

S&P 500 Futures   #ESH25

Monthly –Monthly bar closes higher. Trade pressures remain up. Volumes closed the month of November as bullish.  The 6019 target was touched and did provide resistance, briefly. The next target up is 6602.  A break below 5844 would confirm any weekly move lower. The next target down then would be 5844.

Weekly – The weekly has a lower close.  Trade pressures remain up and rising. Volumes remain bullish.  The 6127 target has been met.  A close below 6040 would confirm any daily move lower.

Daily – Flat. Meeting resistance at the upper trendline, creating a lower high. Trade pressures are up but declining sharply to the neutral zone.  Volumes are bearish.
The next target down is 6030 and would be a short entry.
A close above 6139 would signal higher and then the next target up would be 6266.
The expected oversold level rises to 6006.
The expected overbought level declines to 6112.
___________________

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.

Portfolio stock values for 2024. 
The portfolio value declines to $148,000.
The Year-to-Date portfolio performance is  up 48%.

Market Summary:

Copper retested the 4.00 support twice, looking higher.  Gold creates a lower high and is now in retracement down. Silver moves up in a  lackluster fashion.

Crude in a new move down.  Natural Gas could test $3 support.

The US 30yr Treasury Bond is now in a long trade.

The US Dollar now a short.

The 10yr yields are 4.15%, near the 4.10% oversold expectations.

_________________

S&P 500 Futures   #ESZ24

Monthly –Monthly bar closes higher. Trade pressures remain up. Volumes closed the month of November as bullish.  The 6019 target was touched and did provide resistance, briefly. The next target up is 6602.  A break below 5800 would confirm any weekly move lower. The next target down then would be 5452.

Weekly – The weekly has a higher close.  Trade pressures are up and rising. Volumes remain low, but bullish.  The 6057 target has been met.  A close below 5978 would confirm any daily move lower.

Daily – Flat. In a new move up from 5934 on 11/19. Can’t chase this, wait until the next pullback. Trade pressures are up.  Volumes are bullish.  The trendline of the July-November highs is acting as resistance. It has been tested three times now. It may start a correction.
The next target up is 6161. The expected overbought level rises to 6114.
The next target down is 5969 and would be a short entry. The expected oversold level rises to 5950.

___________________

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.

Portfolio stock values for 2024.  The portfolio value declines  to $153,000.
The Year-to-Date portfolio performance is  up 53%.

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

Market Summary:

Copper retesting the 4.00 support.  Gold vaults out of the bull flag. Silver moves up and out of it’s bull flag.

Crude in a new move up.  Natural Gas rally sells off hard.

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

The US Dollar up near overbought levels.

The 10yr yields are 4.41%.

_________________

S&P 500 Futures   #ESZ24

Monthly –Monthly bar closes higher, but again 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 5742 would confirm any weekly move lower. The next target down then would be 5395.

Weekly – The weekly has a higher close.  Trade pressures are up and rising. Volumes remain low, but now bullish.  The next target up 6057 has been met.  A close below 5912 would confirm any daily move lower.

Daily – Flat. In a new move up from 5934 on 11/19. Trade pressures are up.  Volumes are bullish.

The next target up is 6013. The expected overbought level declines to 6034.

The next target down is 5943 and would be a short entry. The expected oversold level rises to 5865.

___________________

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

Portfolio stock values for 2024.  The portfolio value rises to $157,000.
The Year-to-Date portfolio performance is  up 57%.

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

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.

These Navellier portfolio stocks closed:
down 35% for the 2022 Year.
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],