Market Summary:

Copper consolidating.  Gold resumes the move up.  Silver retracement may support a new move up.

Crude retesting the prior channel boundary.  Natural gas continues the move down to the 1.30’s.

The US 30yr Treasury Bond has turned up but resistance is nearby. The 10yr yields still down.

The US Dollar futures continue the move higher.

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S&P 500 Futures   #ESM24

Monthly – March holding at the highs. Trade pressures are up just out of the neutral zone. Volumes closed the month of February as bullish.  At the 5297 upside target.  The next target up is 5439.  A close below 5012 would confirm any weekly move lower.

Weekly – The weekly closes just below the 3/8 week pivot high.  Trade pressures remain up.  Volumes remain bullish.  The next target up is 5893.  A close below the prior week’s low at 5181 would confirm any daily move lower.

Daily – Flat.  Testing the all-time highs. Trade pressures are up.  Volumes are now bullish.  The next target up is 5432.  The overbought level rises to 5299; still below the next target up.  The next target down is 5284. A close below 5182 would signal lower. The expected oversold level declines to 5125.

[Tuesday 4/2: In correction to 5236 downside target.]

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

Portfolio stock values for 2024, moved to close the week higher, at approximately $139,000. The Year-to-Date portfolio performance closed up 39%.

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

Market Summary:

Copper spikes and then drops.  Gold tests the highs and reverses.  Silver reaches resistance then sells off hard.

Crude reached the 82 target then sells off.  Natural gas continues the move down.

The US 30yr Treasury Bond has turned up again. The 10yr yields back off after the FED meetings.

The US Dollar futures break out of the bull flag and move higher.

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S&P 500 Futures   #ESM24

Monthly – March continues the new highs. Trade pressures are up just out of the neutral zone. Volumes closed the month of February as bullish.  At the 5297 upside target.  The next target up is 5439.  A close below 5012 would confirm any weekly move lower.

Weekly – The weekly closes again above the 3/8 week pivot high.  Trade pressures remain up.  Volumes remain bullish.  The next target up is 5893.  A close below 5116 would confirm any daily move lower.

Daily – Flat.  Trade pressures are down.  Volumes are now bearish.  The next target up is 5454.  The overbought level rises to 5274; still below the next target up.  The next target down is 5253. A close below 5182 would signal lower. The expected oversold level rises to 5137.

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

Portfolio stock values for 2024, after a volatile move down rallied to close the week lower, at approximately $137,000. The Year-to-Date portfolio performance closed up 37%.

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

Market Summary:

Copper moves on thru the upside target.  Gold correcting. Silver continues the move up.

The Crude stopped out then moves up again.  Natural gas breaks down from the LML.

The US 30yr Treasury Bond in correction. The 10yr yields rise with inflation numbers.

The US Dollar futures trading down the bull flag channel.

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S&P 500 Futures   #ESM24

Monthly – March continues the new highs. Trade pressures are up just out of the neutral zone. Volumes closed the month of February as bullish.  At the 5233 upside target.  The next target up is 5578.  A close below 4945 would confirm any weekly move lower.

Weekly – The weekly closes again above the prior week high, but forms a spinning top.  Trade pressures remain up.  Volumes remain bullish.  The next target up is 5839.  A close below 5116 would confirm any daily move lower.

Daily – Flat.  Trade pressures are down.  Volumes are now bearish.  The next target up is 5432.  The overbought level rises to 5198; still below the next target up.  The next target down is 5136. A close below 5116 would signal lower. The expected oversold level rises to 5073.

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

Portfolio stock values for 2024 closed the week lower due to SMCI, at approximately $138,000. The Year-to-Date portfolio performance closed up 38%.

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

Market Summary:

Copper meets the upside target and pulls back.  Gold continues the moves up. Silver in the move up, but lags gold.

The Crude breaks above the resistance line but little follow thru.  Natural gas testing the LML for a possible break down.

The US 30yr Treasury Bond continues the slow uptrend. The 10yr yields still declining.

The US Dollar futures breakdown out of the channel.

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S&P 500 Futures   #ESM24

Monthly – March continues the new highs. Trade pressures are up just out of the neutral zone. Volumes closed the month of February as bullish.  At the 5233 upside target.  The next target up is 5553.  A close below 4945 would confirm any weekly move lower.

Weekly – The weekly closes again above the prior week high, but forms a spinning top.  Trade pressures remain up.  Volumes remain bullish.  The next target up is 5390.  A close below 5127 would confirm any daily move lower.

Daily – Flat.  Trade pressures are up.  Volumes remain bullish.  The next target up is 5368.  The overbought level rises to 5145; still below the next target up.   A close below 5166 would signal lower. The expected oversold level rises to 5040 (rising oversold levels are bullish and can be interpreted as a “buy the dips” level.). Friday was a sell-off day with a early morning rally followed by steady selling. Semi conductors experienced the first real retracement.

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

Portfolio stock values for 2024 closed again much higher due to SMCI, at approximately $142,000. The Year-to-Date portfolio performance closed up 42%.

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

Market Summary:

Copper consolidating after rally.  Gold moves up sharply and breaks the bull flag. Silver backtested the breakout, then breaks out of the downtrend.

The Crude breaks above the resistance line.  Natural gas basing.

The US 30yr Treasury Bond slow uptrend now with the 10yr yields coming off the recent highs.

The US Dollar futures correcting in the upward channel and now at the bottom band.

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S&P 500 Futures   #ESM24

Monthly – February produces new highs. Trade pressures are up just out of the neutral zone. Volumes closed the month of February as bullish.  The next target up is 5233.  A close below 4838 would confirm any weekly move lower.

Weekly – The weekly closes again above the prior week high.  Trade pressures remain up.  Volumes are bullish.  The next target up is 5390.  A close below 5017 would confirm any daily move lower.

Daily – Flat.  Trade pressures are up.  Volumes remain bullish.  The next target up is 5368.  The overbought level rises to 5130; still below the next target up. Again, expect consolidation and retracement – but only getting three days of correction last week.  A close below 5013 would signal lower. The expected oversold level rises to 4966 (rising oversold levels are bullish).

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

Portfolio stock values for 2024 closed much higher, at approximately $130,000. The Year-to-Date portfolio performance closed up 30%.

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

Market Summary:

Copper moves into oversold territory.  Gold moves up to 200 day and consolidates. Silver backtesting the breakout.

The Crude test of resistance fails.  Natural gas remains in the downtrend.

The US 30yr Treasury Bond basing with the 10yr yields coming off the recent highs.

The US Dollar futures in the upward channel, but correcting.

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S&P 500 Futures   #ESH24

Monthly – February produces another new highs. Trade pressures are up just out of the neutral zone. Volumes closed the month of January as bullish.  The next target up is 5173.  A close below 4812 would confirm any weekly move lower.

Weekly – The weekly closes above the prior week high.  Trade pressures remain up.  Volumes are bullish.  The next target up is 5390.  A close below 4980 would confirm any daily move lower.

Daily – Flat. nVidia moves the entire market higher.  Trade pressures are up.  Volumes remain bullish.  The next target up is 5368.  The overbought level rises to 5115; still below the next target up. Again, expect consolidation and retracement.  A close below 4992 would signal lower. The expected oversold level rises to 4953.

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

Portfolio stock values for 2024 closed much higher, at approximately $126,000. The Year-to-Date portfolio performance closed up 26%.

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

Market Summary:

Copper moves up off the oversold levels.  Gold breaks down looking for the 1992 oversold level.  Silver breaks out to the upside.

The Crude testing resistance.  Natural gas remains in the downtrend, now needs 1.65 to get long.

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

The US Dollar futures in the upward channel, but overbought.

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S&P 500 Futures   #ESH24

Monthly – February continues more new highs. Trade pressures are up just out of the neutral zone. Volumes closed the month of January as bullish.  The next target up is 5173.  A close below 4755 would confirm any weekly move lower.

Weekly – The weekly closes below the prior week high.  Trade pressures remain up.  Volumes are bullish.  The next target up is 5390.  A close below 4933 would confirm any daily move lower.

Daily – Flat, Now showing lower highs.  Trade pressures are down but rising.  Volumes remain bullish.  The next target up is 5079.  The overbought level rises to 5064; still below the next target up. Again, expect consolidation and retracement.  A close below 4988 would signal lower. The expected oversold level rises to 4915.

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

Portfolio stock values for 2024 closed much higher, with the February move in Super Micro up from 600 to a high of 1070 closing at 815, at approximately $123,000. The Year-to-Date portfolio performance closed up 23%.

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

Market Summary:

Copper near oversold.  Gold in new sideways channel, looking for the 2014 oversold level.  Silver pulls back to retest the breakout.

The Crude now long as GDP looks positive.  Natural gas remains in the downtrend, now needs 1.90 to get long.

The US 30yr Treasury Bond selling off with the 10yr yields rising.

The US Dollar futures in the move up, but overbought.

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S&P 500 Futures   #ESH24

Monthly – February continues the new highs. Trade pressures remain in the neutral zone. Volumes closed the month of January as bullish.  The next target up is 5173.  A close below 4737 would confirm any weekly move lower.

Weekly – The weekly rallies above the prior week highs once again.  Trade pressures remain up.  Volumes are bullish.  The next target up is 5390.  A close below 4915 would confirm any daily move lower.

Daily – Flat, In the new move up after the close above 4926 into new highs.  Trade pressures are up.  Volumes remain bullish.  The next target up is 5079.  The overbought level rises to 5018; still below the next target up. So, expect consolidation and retracement.  A close below 5026 would signal lower. The expected oversold level rises to 4850.

[2-13-24: Short at 5020.  Set SL at 5040.  TP at 4918.]

[2-14-24: Lower SL to the breakeven, 5020.] [2-14-24: Stopped out at the Close.]

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

Portfolio stock values for 2024 closed much higher, with the move in the AI related stocks, at approximately $119,000. The Year-to-Date portfolio performance closed up 19%.

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

Market Summary:

Copper long is stopped out.  Gold breaks out of channel, now retesting.  Silver pulls back to retest the breakout.

The Crude long entry fails at 78..  Natural gas remains in the downtrend, needs 2.10 to get long.

The US 30yr Treasury Bond breaks out then pulls back.  10yr rates rise again.

The US Dollar futures breaks out of consolidation as international money flows come this way.

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S&P 500 Futures   #ESH24

Monthly – February continues the new highs. Trade pressures remain in the neutral zone. Volumes closed the month of January as bullish.  The next target up is 5173.  A close below 4687 would confirm any weekly move lower.

Weekly – The weekly rallies above the prior week highs again.  Trade pressures remain up.  Volumes are bullish.  The next target up is 5390.  A close below 4865 would confirm any daily move lower.

Daily – Flat, In the new move up after the close above 4926 into new highs.  Trade pressures are down but rising.  Volumes remain bullish.  The next target up is 5079.  The overbought level rises to 4950; still below the next target up. So, expect consolidation and retracement.  A close below 4936 would signal lower. The expected oversold level rises to 4801.

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

Portfolio stock values for 2024 closed higher at approximately $109,000. The Year-to-Date portfolio performance closed up 9%.

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

Market Summary:

Copper a new long with resistance nearby.  Gold in the downtrend channel, still looking lower.  Silver tests the resistance line once more and succeeds.

The Crude’s third attempt at a long entry finally succeeds.  Natural gas in the downtrend, needs 2.25 to get long.

The US 30yr Treasury Bond in retracement.  10yr rates continue to rise.

The US Dollar futures in consolidation for this next week.

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S&P 500 Futures   #ESH24

Monthly – January turns higher still. Trade pressures remain in the neutral zone. Volumes closed the month of December as bullish.  The next target up is 5173.  A close below 4623 would confirm any weekly move lower.

Weekly – The weekly rallies above the prior week highs.  Trade pressures remain up.  Volumes are bullish.  The next target up is 5390.  A close below 4801 would confirm any daily move lower.

Daily – Flat, In the new move up after the close above 4859 into new highs.  Trade pressures are up.  Volumes remain bullish.  The next target up is 5079.  The overbought level rises to 4925; still below this next target up; so, expect consolidation and retracement.  A close below 4890 would signal lower. The expected oversold level rises to 4750.

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

Portfolio stock values for 2024 closed at approximately $101,000. The Year-to-Date portfolio performance closed up 1%.

Top Build (BLD) and Toll Brothers (TOL) will be replaced with Coca-Cola Consolidated (COKE) and Super Micro Computer (SMCI at the open of the next trading day.

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