Market Summary:

Copper consolidating below the 200 day MA resistance.  Gold rallies, still above the OB levels. Silver rallies, but again stopped at the downtrend line from October.

Crude now a short.  Natural Gas testing the support of the uptrend parallel.

The US 30yr Treasury Bond moves up off lows and is now forming a Bull Flag. The 10yr yields holding around the 4.60%.

The US Dollar is a short.

_________________

S&P 500 Futures   #ESH25

Monthly –Monthly bar contained within the Median line parallels from October 2022. Trade pressures remain up. Volumes closed the month of December as bullish.  The 6181 price remains the high. The next target up is 6633.  A close below 5870, would confirm a weekly move lower. The next target down would be 5523.

Weekly – The weekly is tested those retracement lows and rallied from there.  Trade pressures remain down. Volumes remain bullish. The 5834 downside target was met  The close above the prior week’s high of 6051 signaled a new move up.

Daily – Long. Moved up thru the trendline from the December 6181 high at 6028 on 1/21, then the price extension entry at 6028, and confirmed by the upper Median Line parallel on 1/23. Trade pressures are now up.  Volumes remain bullish.
The next target up is 6171.

[Set the SL at 6097, the 2hr short entry.]

The expected oversold level rises to 5891.
The expected overbought level rises to 6151.

Market Summary:

Copper at the 200 day MA resistance.  Gold rallies but above the OB levels. Silver rallies, but stopped at the downtrend line from October.

Crude in retracement after (inflation) rally.  Natural Gas rally also in retracement.

The US 30yr Treasury Bond at target lows. The 10yr yields decline to 4.60%, near the now declining 4.82% overbought expectations.

The US Dollar is higher and at OB levels.

_________________

S&P 500 Futures   #ESH25

Monthly –Monthly bar trading inside the December bar. Trade pressures remain up. Volumes closed the month of December as bullish.  The 6181 price remains the high. The next target up is 6633.  The rally back above 5870, negates confirmation of the weekly move lower. The next target down is remains 5523.

Weekly – The weekly is testing those retracement lows.  Trade pressures remain down. Volumes are now bullish. The 5834 downside target was met  The close above the prior week’s high may presage a new move up.

Daily – Flat. The trendline from the 6181 high sets up a bull flag. Trade pressures are now up.  Volumes remain bullish.
In the move up from the 5809 low. The confirmation of the break above the December trendline signals a long entry at 6018. Then the next target up would be 6136.  Constrained by the OB/OS levels. Wait for a move to the OS to enter long.

The expected oversold level declines to 5828.
The expected overbought level declines to 6018.

Market Summary:

Copper at the OB level.  Gold rallies but above the OB levels. Silver rallies also but also above the expected OB levels..

Crude breaks out of resistance line on jobs (inflation) numbers, also above OB.  Natural Gas rallies with the same inflation numbers.

The US 30yr Treasury Bond at target lows. The 10yr yields rise to 4.76%, near the rising 4.74% overbought expectations.

The US Dollar did back test the breakout and is now higher and at OB levels.

_________________

S&P 500 Futures   #ESH25

Monthly –Monthly bar closes lower. Trade pressures remain up. Volumes closed the month of December as bullish.  The 6181 price remains the high. The next target up is 6633.  The break below 5870, now confirms the weekly move lower. The next target down is 5523.

Weekly – The weekly is testing those retracement lows.  Trade pressures are down. Volumes remain bearish.  The 6181 upside target was met.  The close below 6040 has confirmed the daily move lower. The next target down is 5834 and was again almost met.

Daily – Flat. No follow thru of the prior Friday’s rally. Trade pressures remain down.  Volumes remain bearish.
The next target down remains 5809.
Need a close above the trend at 5916, with a trade pressure shift, signals higher. Then the next target up would be 6124.

The expected oversold level declines to 5850.
The expected overbought level declines to 6054.

[1-13-25: Long. Reached the 5809 downside target and rallied to 5917. Now Long from 5850. SL at 5830 raising to BE asap.]

[1-15-25: Near OB levels. Raise SL to 5965.][1-15-25: Noonish, and stopped out.]

___________________

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 rises at $104,000.
The Year-to-Date portfolio performance is  up 4%.

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

Market Summary:

Copper long re-entry at 4.07.  Gold rally fails. Silver in a sideways channel.

Crude breaks out but near OB.  Natural Gas down hard after the spike up.

The US 30yr Treasury Bond at target lows. The 10yr yields rise to 4.60%, near the 4.65% overbought expectations.

The US Dollar breaks higher still, needs to back test the breakout.

_________________

S&P 500 Futures   #ESH25

Monthly –Monthly bar closes higher. Trade pressures remain up. Volumes closed the month of December as bullish.  The 6181 price remains the high. The next target up is 6633.  A break below 5870, which has been touched, would confirm any weekly move lower. The next target down then would be 5523.

Weekly – The weekly has a small retracement.  Trade pressures remain up but declining. Volumes remain bearish.  The 6181 upside target was met.  The close below 6040 has confirmed the daily move lower. The next target down is 5834 and was almost met.

Daily – Flat. Down for the week but a rally on Friday helps the bulls. Trade pressures are now down.  Volumes are bearish.
The next target down remains 5809.
A close above the trendline at 5995, with a trade pressure shift, signals higher. Then the next target up would be 6134.

The expected oversold level declines to 5815.
The expected overbought level declines to 6074.

[1-6-25: opened up in the Monday premarket, long at 5996. SL 5987.]

[1-6-25 pm: raise SL to BE 5996.]

1-7-25: Stopped out for no 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.

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 rises at $103,000.
The Year-to-Date portfolio performance is  up 3%.

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

Market Summary:

Copper attempts higher, after retesting the 4.08 support.  Gold testing the broken support support. Silver moves up to test the 200 day MA, fails.

Crude needs to break out of the upper bound of the October channel.  Natural Gas still in the move up.

The US 30yr Treasury Bond at target lows. The 10yr yields rise to 4.62%, near the 4.70% overbought expectations.

The US Dollar still neutral.

_________________

S&P 500 Futures   #ESH25

Monthly –Monthly bar closes lower. Trade pressures remain up. Volumes closed the month of November as bullish.  The 6181 price was the high. The next target up is 6633.  A break below 5870 would confirm any weekly move lower. The next target down then would be 5523.

Weekly – The weekly has a small retracement.  Trade pressures remain up but declining. Volumes remain bearish.  The 6181 upside target was met.  The close below 6040 has confirmed the daily move lower. The next target down is 5834.

Daily – Short. After the drop through the short entry at 6030 price rises to back test the breakdown at 6085. Trade pressures are entering the neutral zone.  Volumes are neutral.
The next target down remains 5809.
A close above 6085 still signals higher and then the next target up would be 6330.

The expected oversold level rises to 5846.
The expected overbought level declines to 6145.

[re-enter the short on a move higher to the 6085 level.]
___________________

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 2024. 
The portfolio value holds at $142,000.
The Year-to-Date portfolio performance is  up 42%.

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

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],