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S&P 500 Futures
Market Summary:
Copper in downtrend and approaching oversold. Precious metals show high volatility. Gold has100 pt moves and Silver full 1 pt moves.
Crude whipsaws, setting up for a new long. Natural Gas in move up, showing resisitance.
The US 30yr Treasury in move own near OS.
The 10yr yields continue to trade above 4.10%. The expected oversold level for the 10yr yield rises to 4.03%
The US Dollar pulls back near OS levels.
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S&P 500 Futures #ESZ25
Monthly –Monthly bar in correction off 6953 highs. Trade pressures are up. Volumes closed the month of October as bullish on rising volumes. The 6953 price remains the adjusted high. The next target up is 7148. A close below 6643 would confirm any weekly move lower.
Weekly – The weekly bar declines to support but falls short of the prior week low. Trade pressures are up. Volumes remain bearish. The next target up is the upper median line parallel at 6918. A close below 6603 would confirm any daily move lower.
Daily – Flat. breaks down in of the bull flag at 6829 on 11/10. Then, gets stopped out of the move up at 6825 on 11/13 in the am trading. This move down backtests the prior bull flag. Trade pressures are down. Similar to prior week’s, volumes were bearish early in the week, but turned bullish at the Friday close.
Uptrend channel support from May 2025 has held 5 times, and now at 6725. The next target down remains 6603. The expected oversold level declines to 6699.
A close above 6802 would signal higher. [But, wait] 6801 is resistance. The expected overbought level declines to 6914.
Look for price near the OS levels for any long trades
[OB/OS trend is declining.]
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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 rebalanced to start at $100,000 for the 2025 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 is again down sharply for the last week, to $140,000.
The Year-to-Date portfolio performance is up 40%.
The S&P 500 YTD return is up 14.55%
US$$
#usdollarfutures #ustreasurybondfutures
USD_ DXZ25
Weekly – In the March 2025 downtrend now breaking resistance. Trade pressures remain up. Volumes remain bullish.
Daily –Long. In the move down from 100.21 on 11/05. Trade pressures are down. Volumes are bearish.
The next target down is 98.52. The expected oversold levels decline to 100.36.
A close above 99.69 would signal higher. The expected overbought level declines to 99.00.
[The OB/OS channel is declining.]
US30YR T-BOND_ USZ25
Weekly – In the April 2025 uptrend, and above the October 2024 trendline breakout. Trade pressures are down. Volumes are bearish.
Daily – Flat. In the move down from . Trade pressures are down. Volumes are bearish.
The next target down is 115-26. Oversold levels decline to 116-10.
A close above 117-14 would signal higher. Overbought levels decline to 118-17.
[11-15-25: The OB/OS channel is declining.]
Oil & Gas
#crudeoilfutures #naturalgasfutures
CRUDE_ CLZ25
Weekly – In the June 2025 uptrend. Trade pressures are in the neutral zone. Volumes remain bearish.
Daily –Flat. In the pull back forming a bull flag, with a series of lower highs from 10/24. Trade pressures are up. Volumes are bullish.
The next target down is 59.07. The expected oversold level declines to 58.01.
A close above 60.33 would signal higher. The expected overbought levels rise to 61.98.
[OB/OS channel is widening.]
NAT GAS_ NGZ25
Weekly – In the new November 2025 uptrend. Trade pressures are up. Volumes remain bullish.
Daily – Flat, Still in the new move up from 3.90 on 10/30. Trade pressures are up. Volumes remain bullish.
The next target up is 4.81. The expected overbought level rises to 4.69.
A close below 4.17 would signal lower. The expected oversold level rises to 4.10.
[11-15: Look for a pullback towards OS to enter.]
[OB/OS channel is rising.]
Metals
#copperfutures #goldfutures #silverfutures
COPPER_ HGZ25
Weekly – In the October 2025 uptrend. Trade pressures are up, still declining. Volumes is now bullish.
Daily – Flat. In the move down from the 5.16 high pivot. Trade pressures remain down. Volumes are now bullish.
The next target down is 4.84 support and the 200 day MA at 4.92. The expected oversold levels rise to 4.88.
A close above 5.07 would signal higher. The expected overbought levels decline to 5.17.
[OB/OS channel is narrowing.]
GOLD_ GCZ25
Weekly – In the December 2023 uptrend a failed attempt higher produces a lower high.. Trade pressures remain up, but declining. Volumes are bearish.
Daily – Flat. Moving down from a lower high at 4249 on 11/13. Trade pressures are down. Volumes remain bearish.
Support is 3982. Buy at the lower bound of the channel. The expected oversold level rises to 4019.
A close above 4111 would signal higher, but watch nearby OS levels for further decline towards support. The expected overbought level rise to 4249.
[OB/OS channel is rising.]
SILVER_ SIZ25
Weekly – In the December 2023 uptrend, coming off a spike high. Trade pressures remain up, but trending down. Volumes are bearish.
Daily – Flat. In the move down from 52.42 on 11/13. Trade pressures are up, but declining. Volumes are bearish.
The next target down is 46.46. The oversold levels rise to 50.41.
A close above 51.72 would signal higher. Overbought levels rise to 53.39.
[OB/OS channel is rising.]
S&P 500 Futures
Market Summary:
Copper Flat, in pullback. Gold and Silver consolidate at downside targets.
Crude setting up for a new long. Natural Gas a new move up.
The US 30yr Treasury stopped out of long trade.
The 10yr yields trade above 4.10%. The expected oversold level for the 10yr yield rises to 3.95%
The US Dollar pulls back after 10yr yield rises.
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S&P 500 Futures #ESZ25
Monthly –Monthly bar trading corrects off new highs. Trade pressures are up. Volumes closed the month of October as bullish on rising volumes. The 6953 price remains the adjusted high. The next target up is 7148. A close below 6643 would confirm any weekly move lower.
Weekly – The weekly bar declines to support at 6655. Trade pressures are up. Volumes are now bearish. The next target up is the upper median line parallel at 6937. A close below 6604 would confirm any daily move lower.
Daily – Flat. In the corrective move down; channel forming a bull flag. Need a trade above 6800 to break out of the bull flag. Trade pressures are down. Volumes were bearish early in the week, but turned bullish at the Friday close.
Supports failed. The next target down is 6603. The expected oversold level rises to 6799.
A close above 6754 would signal higher. 6790 is resistance. The expected overbought level declines to 6941.
[OB/OS trend is widening.]
__________________
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 rebalanced to start at $100,000 for the 2025 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 is down sharply for the last weeks, to $149,000.
The Year-to-Date portfolio performance is up 49%.
The S&P 500 YTD return is up 14.76%
US$$
#usdollarfutures #ustreasurybondfutures
USD_ DXZ25
Weekly – In the March 2025 downtrend now breaking resistance. Trade pressures remain up. Volumes remain bullish.
Daily –Long. In the retracement down of the move up from 98.46 on 10/21. Trade pressures are down. Volumes are bearish.
The next target up remains 99.90. The expected overbought level rises to 99.74.
A close below 98.54 would signal lower. The expected oversold levels rise to 100.64.
[The OB/OS channel is rising.]
US30YR T-BOND_ USZ25
Weekly – In the April 2025 uptrend. Trade pressures up. Volumes remain bullish.
Daily – Flat. Moving down to sideways – after the breakout to the long trade. Trade pressures are down. Volumes are bearish.
The next target down is 114-25. Oversold levels decline to 116-23.
A close above 117-24 would signal higher. Overbought levels rise to 118-18.
[11-8-25: The OB/OS channel is widening.]
Oil & Gas
#crudeoilfutures #naturalgasfutures
CRUDE_ CLZ25
Weekly – In the June 2025 uptrend. Trade pressures are up into the neutral zone. Volumes remain bearish.
Daily –Flat. In the pull back forming a bull flag. Trade pressures are down but turning up. Volumes are bearish.
A close above 60.62 would signal higher. The expected overbought levels rise to 61.69.
A close below 59.10 would signal lower. [But] The expected oversold level rises to 59.01.
[OB/OS channel is rising.]
NAT GAS_ NGZ25
Weekly – In the July 2025 downtrend but testing resistance. Trade pressures are up. Volumes are now bullish.
Daily – Flat, In the new move up from 3.90 on 10/30. Trade pressures are up. Volumes remain bullish.
The next target up is 4.74. The expected overbought level rises to 4.65.
A close below 4.17 would signal lower. The expected oversold level rises to 3.65.
[11-8: Look for a pullback towards OS to enter.]
[OB/OS channel is rising.]
Metals
#copperfutures #goldfutures #silverfutures
COPPER_ HGZ25
Weekly – In the October 2025 uptrend. Trade pressures are up, but declining. Volumes remain neutral.
Daily – Flat. Stopped out of Long in a pullback below 4.97 level. Trade pressures remain down, but rising. Volumes remain bearish.
The enxt target down is 4.94 support. The expected oversold levels decline to 4.84.
A close above 5.01 would signal higher. The expected overbought levels rise to 5.26.
[OB/OS channel is widening.]
GOLD_ GCZ25
Weekly – In the December 2023 uptrend and coming off resistance. Trade pressures remain up, but declining. Volumes are neutral.
Daily – Flat. In a narrowing consolidation off the 3901 low on 10/28. Trade pressures are up. Volumes remain bearish.
A close above 4011 would signal higher, but nearby OB levels say, “wait”. The expected overbought level declines to 4097.
Support is 3988. The expected oversold level rises to 3910.
[OB/OS channel is narrowing.]
SILVER_ SIZ25
Weekly – In the December 2023 uptrend. Trade pressures remain up, but are turning down. Volumes remain neutral.
Daily – Flat. In the move up from 47.41 on 11/5. Trade pressures are up. Volumes are bullish.
The next target up is 48.67. Overbought levels rise to 49.11.
The next target down is 45.81. The oversold levels rise to 46.60.
[11-8-25: No trade. Need to test 47.70 support first.]
[OB/OS channel is rising.]
Navellier Top 5 Stocks for November
High-Growth Investments
Amer Sports, Inc.
Amer Sports, Inc. (AS) aims to be a leader in premium sports and outdoor brands. The company currently offers several iconic brands, including Arc’teryx, Salomon, Wilson, Atomic, ATEC, Armada, DeMarini, EvoShield and Peak Performance. Wilson is probably the most familiar brand to you, as its footballs and tennis rackets are used primarily in professional matches.
Demand for its products drove second-quarter sales 23% year-over-year to $1.25 billion and earnings 46% year-over-year to $0.06 per share. Analysts only expected earnings of $0.02 per share, so Amer Sports posted a whopping 200% earnings surprise.
In the wake of this huge earnings surprise, analysts have increased their third-quarter earnings estimates in the past three months. Third-quarter earnings are now forecast to jump 71.4% year-over-year to $0.24 per share, up from $0.14 per share in the same quarter a year ago. Sales are expected to rise 27.7% year-over-year to $1.73 billion.
Amer Sports is scheduled to announce third-quarter results on November 18. And given positive analyst revisions, I suspect a fifth-straight quarterly earnings surprise is likely. AS is a Moderately Aggressive buy below $38.
SOM Technicals:
9-26-25: Closed at 34.48. Trade pressures are down. Volumes are neutral. The next target up 35.07.
10-5-25: Closed at 34.36. Trade pressures are up. Volumes are bullish. The next target up is 38.80.
10-11-25: Closed at 30.76: Trade pressures are down. Volumes are bearish. the next target down is 28.57.
10-17-25: Closed at 30.63. Trade pressures are rising into the neutral zone. volumes are bearish. The next target down is 28.90.
11-8-25: Closed at 29.54. Trade pressures are down. Volumes remain bearish. The next target down is 28.57.
11-15-25: Closed at 30.37. Trade pressures are down. Volumes are neutral. The next target down is 28.28.
Bloom Energy Corporation
Bloom Energy Corporation (BE) was a new addition to the High-Growth Investments Buy List in the October Monthly Issue. As you may recall, Bloom Energy provides solid oxide technology to convert fuel – such as biogas, hydrogen, natural gas or a fuel blend – into electricity. Given that AI is demanding more and more power, the company’s fuel cells have been in top demand.
In fact, on Tuesday afternoon, Bloom Energy reported its fourth consecutive quarter of record revenue. Third-quarter revenue jumped 57.1% year-over-year to $519 million, crushing estimates for $426.4 million. Product and service revenue accounted for $442.9 million.
Third-quarter earnings surged to $0.15 per share, compared to a $0.01 per share loss in the third quarter of 2024. Analysts only expected earnings of $0.10 per share, so Bloom Energy posted a 50% earnings surprise.
Following the revenue and earnings beat, BE shares surged 19% on Wednesday. The stock is now up an incredible 84% since we added it to the Buy List in the October Monthly Issue. I should also add that analysts also increased fourth-quarter earnings estimates following the better-than-expected third-quarter report. BE is an Aggressive buy below $198.
SOM Technicals:
11-3-25: Opened at 132.52. Trade pressures are up but declining. Volumes are bullish.
11-8-25: Closed at 135.21. Trade pressures are down. Volumes are bullish. The next taerget down is 112.99.
11-15-25: Closed at 111.89. Trade pressures are down. Volumes are bullish after a sharp drop. The next target up is 123.75.
Elbit Systems Ltd.
Elbit Systems Ltd. (ESLT) is an Israeli defense contractor that offers a wide range of systems and products – air, land and naval – for defense, homeland security and commercial applications. And demand for its systems and products has driven its backlog to a robust $23.8 billion.
Elbit Systems is set to release third-quarter results on November 18. Third-quarter earnings are forecast to grow 23.5% year-over-year to $2.73 per share, and revenue is expected to rise 15.7% year-over-year to $1.99 billion.
The company has posted an earnings surprise of 18.8%, 36.4%, 24.8% and 25.7% in the past four quarters, respectively. So, given that the analyst community has increased earnings estimates over the past two months, Elbit Systems will likely post its fifth straight quarterly earnings surprise. ESLT is a Conservative buy below $511.
SOM Technicals:
6-27-25: Closed at 434.10. Trade pressures are up into the neutral zone. Volumes are neutral. The next target up is 444.93.
7-11-25: Closed at 447.42. Trade pressures are in the neutral zone. Volumes are bullish. The next target up is 463.46.
7-29-25: Closed at 453.83. Trade pressures are up. Volumes are bullish. The next target up is 463.46.
8-2-25: Closed at 465.01. Trade pressures are up but declining. Volumes are bullish. The next targetup is 476.04.
8-9-25: Closed at 449.44. Trade pressures are down. Volumes are bearish. The next target down is 412.87.
8-16-25: Closed at 464.00. Trade pressures are down. Volumes are neutral. The next target down is 412.87.
8-23-25: Closed at 450.85. Trade pressures are down. Volumes are bearish. The next target down is 416.63.
8-29-25: Closed at 480.21. Trade pressures are up but declining. Volumes are neutral. The next target down is 469.43.
9-16-25: Closed at 509.92. Trade pressures are down into the neutral zone. Volumes are bullish. The next target up is 511.60.
9-20-25: Closed at 487.97. Trade pressures are up. Volumes are now neutral. The next target down is 460.24.
9-26-25: Closed at 493.57. Trade pressures are up. Volumes are neutral. The next target up is 513.04.
10-5-25: Closed at 514.99. Trade pressures are up. Volumes are bearish. The next target down is 506.68.
10-11-25: Closed at 491.47. Trade pressures are down. Volumes are bearish. Thenext target down is 479.65.
10-17-25: Closed at 480.00. Trade pressures are down. Volumes are bearish. The next target down is 479.65. resisitance at 501.00.
11-8-25: Closed at 468.50. Trade pressures are down. Volumes are bullish. The next target down is 448.54.
11-15-25: Closed at 473.03. Trade pressures are down. Volumes are neutral. The next target up is 485.05.
GE Vernova, Inc.
GE Vernova, Inc. (GEV) was originally part of General Electric, but it was formed when General Electric spun off its energy businesses and merged them into one entity. Today, GE Vernova operates three main divisions – power, wind and electrification – and generates approximately 25% of the world’s total electricity.
During the third quarter, orders jumped 55% year-over-year to $14.6 billion, thanks to strong equipment sales from its Power and Electrification business. Its Electrification backlog increased by $6.6 billion.
Total third-quarter revenue rose 12% year-over-year to $9.97 billion, compared to estimates for $9.15 billion. Earnings surged to $453 billion, or $1.64 per share, up from a loss of $99 million, or a $0.35 per share loss, in the third quarter of 2024. Analysts expected earnings of $1.86 per share.
Looking forward, GE Vernova expects full-year 2025 revenue between $36 billion and $37 billion, which compares to revenue of $34.94 billion in fiscal year 2024. GEV is a Moderately Aggressive buy below $657.
SOM Technicals:
9-26-25: Closed at 605.17. Trade pressures are down. Volumes are bearish. The next target down is 576.55.
10-5-25: Closed at 594.99. Trade pressures are down. Volumes are bearish. The next target down is 556.63.
10-11-25: Closed at 603.21. Trade pressures are down. Volumes are bearish. The next target down is 577.08.
10-17-25: Closed at 600.00. Trade pressures are down. Volumes are bearish. The next target down is 555.63.
11-8-25: Closed at 575.13. Trade pressures are down but rising to the neutral zone. Volumes remain bearish. The next target down is 482.04.
11-15-25: Closed at 578.31. Trade pressures are down but rising. Volumes are bullish. The next target up is 594.10.
Palantir Technologies, Inc.
Palantir Technologies, Inc. (PLTR) is the largest AI applier out there right now, as its platforms integrate, manage and secure data that’s then layered with applications for human-driven, machine-assisted analysis. The U.S. government is one of its top customers, as it helps to make the U.S. government overall more efficient, while also making the Department of Defense smarter.
The company will announce third-quarter results on Monday, November 3, after the stock market closes. Given that analysts have increased earnings estimates by 21.4% in the past three months, I expect another positive earnings surprise. Palantir Technologies has posted an earnings surprise in each of the last four quarters.
Third-quarter earnings are forecast to surge 70% year-over-year to $0.17 per share, up from $0.10 per share in the third quarter of 2024. Revenue is expected to increase 50.5% year-over-year to $1.09 billion. PLTR is a Moderately Aggressive buy below $235.
SOM Technicals:
4-26-25: Closed at 112.70. Trade pressures are up. Volumes are bullish. The next target up is 118.66.
5-2-25: Closed at 124.28. Trade pressures are up. Volumes are bullish. The next target up is 131.06.
5-10-25: Closed at 116.72. Trade pressures are up. Volumes are neutral. The next target up down is 95.62.
5-17-25: Closed at 125.60. Trade pressures are up but declining. Volmes are bullish. The next target down is 118.67.
5-24-25: Closed at 123.31. Trade pressures are down but rising. Volumes are bearish. The next target down is 103.85.
6-1-25: Closed at 131.78. Trade pressures are up. Volumes are bullish. The next target up is 133.49.
6-7-25: Closed at 127.72. Trade pressures are down but rising. Volumes are neutral. The next target down is 105.64.
6-14-25: Closed at 137.60. Trade pressures are up but declining. Volumes are bullish. The next target up is 152.16.
6-21-25: Closed at 137.50. Trade pressures are up but declining. Volumes are neutral. The next target down is 130.04.
6-27-25: Closed at 130.74. Trade pressures are down. Volumes are bearish. The next target down is 118.58.
7-11-25: Closed at 141.95. Trade pressure are up. Volumes are bullish. The next target up is 148.22.
7-29-25: Closed at 156.24. Trade presures are up but showing some divergence. Volumes are bullish. The next target up is 162.93.
8-2-25: Closed at 155.15. Trade pressures are down. Volumes are bearish. The next target down is 146.07.
8-9-25: Closed at 188.96. Trade pressures are up. Volumes are bullish. The next target up is 200.00.
8-16-25: Closed at 177.28. Trade pressures are down. Volumes are bearish. The next target down is 160.36.
8-23-25: Closed at 158.74. Trade pressures are down but rising. Volumes are bullish. The next target up is 164.54.
8-29-25: Closed at 156.46. Trade pressures are in the neutral zone. Volumes are neutral. The next target down is 136.16.
9-16-25: Closed at 170.16. Trade pressures are up. Volumes are bullish. The next target up is 171.53.
9-20-25: Closed at 182.39. Trade pressures are up. Volumes are bullish. The next target up is 190.04.
9-26-25: Closed at 177.57. Trade pressures are down into the neutral zone. Volumes are bearish. The next target down is 171.38.
10-5-25: Closed at 173.07. Trade pressures are down. Volumes are bearish. The next target down is 165.50.
10-11-25: Closed at 175.07. Trade pressures are down. Volumes are bearish. The next target down is 165.50.
10-17-25: Closed at 178.15. Trade pressures are down. Volumes are neutral. The next target down is 165.90. A close above 184.00 would signal higher.
11-8-25: Closed at 180.20. Trade pressures are down. Volumes remaion bearish. The next target down is 160.30.
11-15-25: Closed at 174.01. Trade pressures are down. Volumes are bearish. The next target down is 160.30.