Market Summary:

The 10yr yields consolidating below 4.00%. Copper is correcting.  Gold correcting, possible short.  Silver correcting.

Crude now a short.  Natural gas pulls back in the uptrend.

The US 30yr Treasury Bond looking lower.

The US Dollar futures basing at 100.58 target.

_________________

S&P 500 Futures   #ESU24

Monthly –Wide ranging bar remains above the prior month’s close. Trade pressures remain up. Volumes closed the month of July 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 close near prior highs.  Trade pressures remain up but are still declining.  Volumes are bullish.  Closed above the new long entry at 5454. The next target up is 5829 (new highs).  A close below 5362 would confirm any daily move lower.

Daily – Flat. Breaks below the rising channel upper band at 5626 on 8/28. Trade pressures are up.  Volumes are bullish.  The next target up is the 5664 resistance; then 5813. The expected overbought level has risen to 5663.  A close below 5527 would signal lower. The expected oversold level rises to 5395.

Waiting for NVDA.

___________________

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 $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 hold below 4.00%. Copper correcting.  Gold correcting, possible short.  Silver correcting.

Crude now a short.  Natural gas pulls back in the uptrend.

The US 30yr Treasury Bond attempts rally but fails into the weekly close.

The US Dollar futures are rising near support at 100.58.

_________________

S&P 500 Futures   #ESU24

Monthly –Wide ranging bar to close above the prior month’s close. Trade pressures remain up. Volumes closed the month of July as bullish.  The next target up remains 5958.  A close below 5412 would confirm a weekly move lower. The next target down is 5067.

Weekly – The weekly close moves up sharply off the October median line support.  Trade pressures remain up but are still declining.  Volumes are bullish.  Closed above the new long entry at 5454. The next target up is 5829 (new highs).  A close below 5570, the prior week’s low, would confirm any daily move lower.

Daily – Flat. Breaks below the rising channel lower band at 5603. The next target up is the 5666 trend resistance. Trade pressures are up.  Volumes are bullish.  The expected overbought level has risen to 5663.  A close below 5527 would signal lower. The expected oversold level rises to 5345.

Waiting for NVDA.

___________________

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 $139,000. The Year-to-Date portfolio performance is now up 39%.

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

Market Summary:

The 10yr yields hold below 4.00%. Looking for Copper to break out above the bull flag.  Gold rallies to the upper median line and is now consolidating.  Silver breaks above the downtrend, but no follow thru.

Crude now a long.  Natural gas signals higher.

The US 30yr Treasury Bond turned lower.

The US Dollar futures rising to test the 200 day MA .

_________________

S&P 500 Futures   #ESU24

Monthly –Drops to a 62% target. Trade pressures remain up. Volumes closed the month of July as bullish.  The next target up remains 5958.  The close below 5393 did confirm the weekly move lower. The next target down is 4804.

Weekly – The weekly close just above the October Median line which is now providing support.  Trade pressures remain up but are declining.  Volumes have changed back to bullish.  Traded down to the 5159 target the rallied sharply. The next target down is still 5159.  A close above 5454 would confirm any daily move higher.

Daily – Flat. At the top of the uptrend channel. Need a pullback to the lower channel to enter a long. The downtrend has been broken, but a back test is likely. Trade pressures remain down.  Volumes remain bearish.  The expected overbought level has declined to 5408.  The next target down is 5229, but the expected oversold level declines to 5108.

Need a close above 5454 to confirm the rally.

[8-8-24: In the move off the 5120 low pivot. Expect a rally to 5491, then a test of the lower channel band at 5229. Make a new long decision there.]

___________________

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 moved up to $128,000. The Year-to-Date portfolio performance is now up 28%.

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

Market Summary:

The 10yr yields decline below 4.00%. Second copper bull flag forms, basing.  Gold rallies to the upper median line.  Silver is basing.

Crude continues lower.  Natural gas continues the move down.

The US 30yr Treasury Bond turns higher, now at resistance.

The US Dollar futures fall below the 200 day MA to the April median line.

_________________

S&P 500 Futures   #ESU24

Monthly –The 5700 level provides resistance. Trade pressures remain up. Volumes closed the month of July as bullish.  The next target up remains 5958.  The close below 5393 would confirms the weekly move lower.

Weekly – The weekly close below the UML which is now providing resistance.  Trade pressures remain up.  Volumes have changed to bearish..  Trade down thru the 5580 short entry. The next target down is 5159.  A close above 5666 would confirm any daily move higher.

Daily – Flat. Shorted the move down from 5628 on 7/18 and closed on 7/26 at 5450. The uptrend has been broken. Trade pressures are down.  Volumes are bearish.  The expected overbought level has declined to 5565.  The next target down is 5122, but the expected oversold level declines to 5357.

Need a close above 5432 to restart the rally.

[8-8-24: In the move off the 5120 low pivot. Expect a rally at 5400, then a test of the lower channel band at 5200. Make a new long decision there.]

___________________

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 moved down to $123,000. The Year-to-Date portfolio performance is now up 23%.

Eli Lilly (LLY) and Emcor (EME) have been replaced by Allstate Insurance (ALL) and Coca-Cola Bottling (COKE) on the 29th of July.

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

Market Summary:

The 10yr yields rally. Copper bull flag fails, looking lower.  Gold turns down at the trendline resistance.  Silver breaks support.

Crude continues lower.  Natural gas continues the move down.

The US 30yr Treasury Bond retesting the breakout.

The US Dollar futures rally off the 200 day MA.

_________________

S&P 500 Futures   #ESU24

Monthly –The 5700 level has provided resistance. Trade pressures remain up. Volumes closed the month of June as bullish.  The next target up remains 5958.  A close below 5419 would confirm any weekly move lower.

Weekly – The weekly close below the UML which is now providing resistance.  Trade pressures remain up.  Volumes have changed to bearish..  Trade down thru the 5588 short entry. The next target down is 5440.  A close above 5618 would confirm any daily move higher.

Daily – Short.  In the move down from 5628 on 7/18. The market was ready for a correction and just needed a trigger; CrowdStrike provided that. Trade pressures are down.  Volumes are bearish.  The expected overbought level has risen to 5674.  The next target down is 5492.  The expected oversold level rises to 5528 which corresponds to the lower channel band. Might have a rally 5492 and 5530.

Need a close above 5596 to restart the rally.

[Trend is at 5634. Support is at 5530]

[7-30-24: close the short at 5450.]

___________________

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 moved down to $129,000. The Year-to-Date portfolio performance is now up 29%.

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

Market Summary:

The 10yr yields decline. Copper in a small bull flag, looking for the breakout.  Gold moves up sharply on interest rate cut expectations.  Silver selling off; support rises to the low 30’s.

Crude makes lower high, turning down.  Natural gas continues the move down.

The US 30yr Treasury Bond breaks above the upper median line at 118-30. The 10yr yield turns down.

The US Dollar futures  continues lower, now at the 200 day MA.

_________________

S&P 500 Futures   #ESU24

Monthly –Consolidation at 5500 was short lived, still pushing higher. Trade pressures remain up. Volumes closed the month of June as bullish.  The next target up remains 5958.  A close below 5397 would confirm any weekly move lower.

Weekly – The weekly close above the UML signals upside strength.  Trade pressures remain up.  Volumes remain bullish.  Touched the 5704 upside target and pulled back.  A close below 5575 would confirm any daily move lower.

Daily – Flat.  At 5667, which is the third touch of the upper channel resistance. A break above this upside resistance would be a sign of strength of the bullish trend (fuel / dollar inflows), but a correction would be more healthy. Trade pressures are up.  Volumes are bullish.  Met the 5704 target. The expected overbought level has risen to 5662.  A close below the 5622 target would signal lower.  The expected oversold level rises to 5464.

GDP growth is expected to decline marginally. So, looking for companies with growth to counter the slowdown. Defensive sectors will benefit.

[Trend is at 5622. Support is at 5513]

A look at he other indices show the Russell 2000 rising, the S&P 500 selling, the Nasdaq selling, and the DOW 30 rising. This is more indicative of $’s moving to beneficiaries of interest rate cuts.  Don’t expect a large general market decline, but a reallocation out of the companies/sectors that have had huge moves up.

___________________

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 moved up to $133,000. The Year-to-Date portfolio performance is now up 33%.

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

Market Summary:

The 10yr yields rise. Copper makes a move up off the oversold levels, now near overbought.  Gold moves up late in the week after reaching oversold.  Silver moving up again; support rises to the low 29’s.

Crude turning down.  Natural gas continues the move down.

The US 30yr Treasury Bond turned up mid week. The 10yr yield turns down.

The US Dollar futures lower high signaled lower and quickly at the downside target.

_________________

S&P 500 Futures   #ESU24

Monthly –Price showing signs of consolidation above 5500, however, still pushing higher. Trade pressures remain up. Volumes closed the month of June as bullish.  The next target up is 5958.  A close below 5315 would confirm any weekly move lower.

Weekly – The weekly now has a higher high for the weekly close.  Trade pressures remain up.  Volumes remain bullish.  Closed on the highs of the week at 5621.  A close below 5488 would confirm any daily move lower.

Daily – Flat.  At 5615, and the upper parallel, so some resistance is likely. Trade pressures are up.  Volumes are bullish.  The next target up is 5704. The expected overbought level has risen to 5559; again below the actual highs.  A close below the 5584 target would signal lower.  The expected oversold level rises to 5430,

[Support is at 5584.]

___________________

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 moved up to $131,000. The Year-to-Date portfolio performance is now up 31%.

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

Market Summary:

The 10yr yields rise. Copper oversold.  Gold moves up late in the week after reaching oversold.  Silver moving up again; support rises to the low 29’s.

Crude meeting resistance.  Natural continues the move down.

The US 30yr Treasury Bond turned down mid week. The 10yr yield support levels moving up slowly.

The US Dollar futures now at price target; but other currencies under stress.

_________________

S&P 500 Futures   #ESU24

Monthly –Price showing signs of consolidation above 5500. Trade pressures remain up. Volumes closed the month of June as bullish.  The next target up is 5958.  A close below 5277 would confirm any weekly move lower.

Weekly – The weekly has lower high for the weekly close.  Trade pressures remain up.  Volumes remain bullish.  Touched the 5585 target up but closed lower.  A close below 5277 would confirm daily move lower.

Daily – Flat.  The 5575 area finds resistance. Trade pressures are up but turning down.  Volumes remain bearish.  The expected overbought level has declined to 5509; again below the actual highs. The next target down is 5447. A close below the 5447 target also signals lower.  The expected oversold level rises to 5421,

Expect support of the lower bound of the parallel channel from the April low near 5437 .

[7-1-24: Short ESU24 at 5527.] [Set SL at entry price.] [Stopped out of the short intra day.]

___________________

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 held values around  $129,000. The Year-to-Date portfolio performance is now up 29%.

Nutanix (NTNX) is replaced by Eli Lilly (LLY) at the next open.

Market Summary:

The 10yr yields flat. All metals lower. Copper down to lower median line.  Gold down sharply after breaking the lower median line.  Silver back in the channel down after an attempt to break out; support remains in the low 28’s.

Crude got the breakout.  Natural gas lower high signaled the move down.

The US 30yr Treasury Bond continues the move up; but showing resistance. The 10yr yield support levels now steady.

The US Dollar futures continue higher; OB and OS levels continue to trend higher.

_________________

S&P 500 Futures   #ESU24

Monthly – June zips thru the 5504 upside target. Trade pressures remain up. Volumes closed the month of May as bullish.  The next target up is 5958.  A close below 5277 would confirm any weekly move lower.

Weekly – The weekly continues with higher weekly closes.  Trade pressures remain up.  Volumes remain bullish.  Touched the 5575 target up.  A close below 5277 would confirm daily move lower.

Daily – Flat.  The 5/3 rally corrected down to the lower parallel line, then resumed the move up and is now at the confluence of the 5576 upside target and the upper channel boundary. Trade pressures are up.  Volumes are now bearish..  The next target up is 5705. The expected overbought level has risen to 5524; again below the actual highs and below the upside target.    A close below 5447 would signal lower.  The expected oversold level rises to 5336.

[Watch the 5495 MA level, for signs of weakness and possible 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 recovered slightly for the week, to around  $129,000. The Year-to-Date portfolio performance is now up 29%.

Market Summary:

The 10yr yields decline. Copper continues lower.  Gold consolidating at the median line.  Silver in a channel down; support remains in the low 28’s.

Crude rallies; now looking for a breakout.  Natural gas makes a lower high with pressures down.

The US 30yr Treasury Bond rises after FED says “rate cut”. The 10yr yield support levels remain at 4.19%.

The US Dollar futures break out of the bull flag is looking higher; OB and OS levels both trend higher.

_________________

S&P 500 Futures   #ESU24

Monthly – June zips thru the 5439 upside target. Trade pressures remain up. Volumes closed the month of May as bullish.  The next target up is 5958.  A close below 5208 would confirm any weekly move lower.

Weekly – The weekly continues with higher weekly closes.  Trade pressures remain up.  Volumes remain bullish.  The next target up is now the upper median line at 5593.  A close below 5208 would confirm daily move lower.

Daily – Flat.  The 5/3 rally corrected down to the lower parallel line, then resumed the move up and is now at the 5511 upside target. Trade pressures are up.  Volumes are bullish.  The next target up is 5575. The expected overbought level has risen to 5462; but below the actual highs and below the upside target.    A close below 5378 would signal lower.  The expected oversold level rises to 5296.

[Watch the 5450 MA level, for signs of weakness.]

___________________

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 moved down slightly again for the week, as the data center stocks hold around  $127,000. The Year-to-Date portfolio performance is now up 27%.