Featured
S&P 500 Futures
Market Summary:
Copper breaks out to OB. Gold breaks down. Silver in correction.
Crude short worked, now in consolidation at 200 Day MA. Natural Gas shorts are covering.
The US 30yr Treasury expect yields lower, The CPI on July 17th is projected higher. The 10yr yields now in the 4.20’s.
The US Dollar attempt to rally failed. Looks lower still.
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S&P 500 Futures #ESU25
Monthly –Monthly bar above prior month high in rally mode. Trade pressures remain in the neutral zone. Volumes closed the month of June as neutral; againon lower volumes. The 6285 price remains the adjusted high. The next target up is 6246. A close below 5865 would confirm any weekly move lower.
Weekly – The weekly bar remains above the October median line, which is acting as support. Trade pressures are up. Volumes are now bullish. The next target up is a nearby 6248. A close below 5908 would confirm any daily move lower.
Daily – Long. In the move up from 6050 on 6/23. Trade pressures are up. Volumes are bullish.
The next target up is 6241. Very OB. The expected overbought level rises to 6174.
A close below 6070 would signal lower. The expected oversold level rises to 5960.
[Set the SL at 6118.]
[7-1-25: Raise the SL to 6222.]
[7-3-25: Raise the SL to 6247.]
[7-7-25: Sell at 6267.]
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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 up for the week, to $131,000.
The Year-to-Date portfolio performance is up 31%.
Argenx (ARGX), Exelixis (EXEL) and Sprouts Farmers Mkt (SFM) were replaced with Agnico Eagle Mines (AEM), Ebit Systems(EXLT) and Howmet Aerospace (HWM) on June 30th.
US$$
#usdollarfutures #ustreasurybondfutures
USD_ DXU25
Weekly – In the March 2025 downtrend. Trade pressures are down. Volumes remain bearish.
Daily –Short. In the move down from 98.22 on 6/23. Trade pressures are down. Volumes are bearish.
The next target down is 96.36. The expected oversold levels decline to 96.85.
A close above 97.20 would signal higher. The expected overbought level declines to 98.88.
US30YR T-BOND_ USU25
Weekly – In a new April 2025 uptrend but at support. Trade pressures are up. Volumes remain neutral.
Daily – Flat. Grinding higher in an upward channel. Trade pressures are up. Volumes remain bullish.
Got a long signal at 113-30; the inflation trade looks strong. But, wait. Overbought levels are 115-15.
A close below 114-6 breaks trade. Oversold levels are 111.23.
Oil & Gas
#crudeoilfutures #naturalgasfutures
CRUDE_ CLQ25
Weekly – In the June 2025 uptrend, but failed at the upper channel bound. Trade pressures are up, but declining. Volumes are neutral.
Daily –Flat. Consolidating at the 200 day MA. Trade pressures are down into the neutral zone. Volumes are now bearish.
The next target down is 63.51. The expected oversold level declines to 63.04.
A close above 66.63 would signal higher. The expected overbought levels decline to 74.77.
[7-3-25: Long from 67.25, SL @ 64.00.]
[7-7-25: Raise the Stop Loss to 65.62.]
NAT GAS_ NGQ25
Weekly – Still in the January 2025 uptrend, but at support. Trade pressures are up. Volumes are now bullish.
Daily – Flat. Stopped out of the short trade at 3.96. In a new move up from 3.57 on 6/27. Trade pressures are up but turning down. Volumes are bearish.
Short covering. Wait for a pull back to enter any long. The next target up is 3.83. The expected overbought level declines to 3.97.
A close below 3.58 would signal lower. The expected oversold level declines to 3.31.
Metals
#copperfutures #goldfutures #silverfutures
COPPER_ HGU25
Weekly – In the September 2024 uptrend. Trade pressures are up. Volumes are bullish.
Daily – Flat. Long trade from 4.81 on 6/20 was closed at rollover. Trade pressures are up. Volumes remain bullish.
Now at the upper bound of the trading range and OB. A breakout would taerget 5.35. The expected overbought levels rise to 5.10.
Support at 4.86. A close below 4.83 would signal lower. The expected oversold levels rise to 4.78.
GOLD_ GCQ25
Weekly – In the December 2023 uptrend with support at 3048. Trade pressures are down. Volumes are now bearish.
Daily – Flat. In the move down from the failed breakout on 6/24 at 3382. Trade pressures are are down. Volumes are bearish.
The next target down is 3268 The expected oversold level declines to 3322.
A close above 3307 would signal higher. The expected overbought level declines to 3432.
[6-30-25: Long at 3312. SL 3314.]
[7-3-25: Raise the SL to 3337.]
[7-6-25: Stopped out at the 3337 SL.]
SILVER_ SIU25
Weekly – In the December 2023 uptrend. Trade pressures are up. Volumes remain bullish.
Daily – Flat. At the lower bound of the new upward channel. Trade pressures are down. Volumes are bearish.
A close above 36.32 would signal higher. The next target up would be 36.73. Overbought levels decline to 37.43.
A close below 35.94 would signal lower. The oversold levels decline to 35.28.
Navellier Top 5 Stocks for July
High-Growth Investments
Agnico Eagle Mines Ltd.
Agnico Eagle Mines Limited (AEM) is a Canadian mining company that’s focused primarily on gold. In fact, it’s the third-largest gold producer in the world, with operations not only in Canada, but also in Australia, Finland and Mexico. For fiscal year 2025, Agnico Eagle Mines expects total gold production between 3.3 million ounces and 3.5 million ounces.
And the company appears to be on track to achieve this outlook. In the first quarter of fiscal year 2025, Agnico Eagle Mines produced 873,794 ounces of gold and sold 842,965 ounces.
As a result, first-quarter adjusted earnings surged 101.3% year-over-year to a record $770 million, or $1.53 per share. The consensus estimate called for earnings of $1.38 per share, so AEM posted a 10.9% earnings surprise.
For the second quarter, the analyst community is looking for earnings of $1.62 per share, up 51.4% from the same quarter a year ago. Analysts have also increased earnings estimates by nearly 40% in the past three months, so a quarterly earnings surprise is likely. AEM is a Conservative buy below $125.
SOM Technicals:
2-28-25: Closed at 96.28. Trade pressures are down. Volumes are bullish. The next target up is 101.45.
3-8-25: Closed at 98.79. Trade pressures are up. Volumes are bullish. The next target up is 101.45.
3-14-25: Closed at 103.60. Trade pressures are up. Volumes are bullish. The next targewt up is 104.49.
3-21-25: Closed at 104.34. Trade pressures are down. Volumes are bullish. The next target down is 101.40.
3-28-25: Clossed at 107.35. Trade pressure are up. Volumes are bearish. The next target down is 105.12.
4-5-25: Closed at 99.48. Trade pressures are down. Volumes are bearish. The next target down is 97.21.
4-12-25: Closed at 117.65. Trade pressures are up. Volumes are bullish. The next target up is 120.
4-18-25: Closed at 121.53. Trade pressures are up but declining. Volumes are bullish. The next target up is 125.94.
4-26-25: Closed at 118.50. Trade pressures are down. Volumes are bearish. The next target down is 112.93.
5-2-25: Closed at 114.85. Trade pressures are down. Volumes are bearish. The next target down is 104.38.
5-10-25: Closed at 117.32. Trade pressures are down but rising. Volumes are bullish. The next target down is 111.59.
5-17-25: Closed at 107.90. Trade pressures are down but rising. Volumes are bearish. The next target down is 100.69.
6-27-25: Closed at 116.12. Trade pressures are down into the neutral zone. Volumes are bearish. The next target down is 105.05.
Carpenter Technology Corporation
Carpenter Technology Corporation (CRS) develops specialty alloys, including stainless steel, nickel, cobalt, magnetic iron, powder metals and titanium. So, the company is benefiting from growth in the specialty alloys market, which is anticipated to grow at a 4.3% compound annual growth rate and reach nearly $29 billion by 2031.
So, it’s not too surprising that Carpenter Technology achieved 53% year-over-year earnings growth and 6.1% year-over-year sales growth in its third quarter in fiscal year 2025.
In the wake of the strong quarterly results, analysts have upped fourth-quarter earnings estimates and now expect fourth-quarter earnings to grow 13.2% year-over-year to $2.06 per share. I should add that Carpenter Technology has posted a positive earnings surprise in each quarter of fiscal year 2025 so far.
For its fiscal year 2025, the consensus estimate also calls for 54.4% annual earnings growth and 6% annual sales growth. And these strong forecasted earnings and sales have driven more investors to Carpenter Technology’s doorstep, as the stock recently breached a new all-time high. CRS is a Moderately Aggressive buy below $316.
SOM Technicals:
12-13-24: Closed at 174.09. Trade pressures are down and trending. Volumes are bearish. The next target down is 150.21.
12-21-24: Closed at 169.97. Trade pressures are down. Volumes are neutral. The next target down remains 150.91.
12-27-24: Closed at 170.66. Trade pressures are up but turning down. Volumes are now neutral. The next target down is 163.00.
1-3-25: Closed at 180.13. Trade pressures are up. Volumes are bullish. The next target up is 182.64.
1-11-25: Closed at 185.96. Trade pressures are up but declining. Volumes are bullish. The next target up is 195.20.
1-18-25: Closed at 206.58. Trade pressures are up. Volumes are bullish. The next target up is 211.54.
1-24-25: Closed at 210.70. Trade pressures are up but declining. Volumes are bullish. The next target up is 213.65.
1-31-25: Closed at 193.06. Trade pressures are down. Volumes are neutral. The next target down is 178.11.
2-8-25: Closed at 187.94. Trade pressures are down. Volumes are bearish. The next target down is 178.41.
2-15-25: Closed at 188.44. Trade presures are down but rising. Volumes are bullish. The next target up is 191.93.
2-21-25: Closed at 195.10. Trde pressures are down. Volumes are bearish. The next target down is 187.98.
2-28-25: Closed at 204.07. Trade pressures are up. Volumes are bullish. Volumes are bullish. The next target up is 208.91.
3-8-25: Closed at 180.26. Trade pressures are down. Volumes are bullish. The next target down is 156.92.
3-14-25: Closed at 183.50. Trade pressures are up. Volumes are neutral. After a low of 165.14, the next target up is 186.82.
3-21-25: Closed at 183.81. Trade pressures are down. Volumes are bullish. The next target down is 176.94.
3-28-25: Closed at 181.28. Trade pressures are down. Volumes are bearish. The next target down is support at 172.30.
4-5-25: Closed at 151.66. Trade pressures are down. Volumes are neutral. The next target down is 138.16.
4-12-25: Closed at 170.88. Trade pressures are up. Volumes are neutral. The next target up is 177.31.
4-18-25: Closed at 170.21. Trade pressures are down. Volumes are bullish. The next target down is 166.51.
4-26-25: Closed at 199.00. Trade pressures are up. Volumes are neutral. The next target up is 216.00.
5-2-25: Closed at 213.01. Trade presures are up. Volumes are bullish. The next target up is 216.00.
5-10-25: Closed at 217.14. Trade pressures are up but declining. Volumes are bullish. The next target down is 197.20.
5-17-25: Closed at 231.88. Trade pressure are up. Volumes are bulish. The next target up is 234.52.
5-24-25: Closed at 230.16. Trade pressures are down. Volumes are bulish. The next target down is 217.83.
6-1-25: Closed at 242.14. Trade pressures are down into the neutral zone. Volumes are neutral. The next targwet down is 220.18.
6-7-25: Closed at 248.74. Trade pressures are up. Volumes are bullish. the next target up is 293.40.
6-14-25: Closed at 248.72. Trade pressures are rising in the neutral zone. Volumes are neutral. The next target down is 237.76.
6-21-25: Closed at 253.72. Trade pressures are up. Volumes are bullish. The next target up is 256.52.
6-27-25: Closed at 275.70. Trade pressures are up. Volumes are bullish. The next target up is 293.40.
Elbit Systems Ltd.
Elbit Systems Ltd. (ESLT) was a new addition to the High-Growth Investments Buy List in the June Monthly Issue. If you recall, Elbit Systems is an Israeli defense contractor, offering a vast portfolio of advanced systems and solutions for ground forces, air and space missions, cyber security, networked warfare, commercial, homeland security, autonomous and naval.
Given rising geopolitical tensions, especially in the Middle East, demand for Elbit Systems’ products and solutions is anticipated to remain robust.
In the first quarter, Elbit Systems reported that its backlog rose 14% year-over-year to $23.1 billion. Total revenue increased 21.9% year-over-year to $1.9 billion, while earnings jumped 45.2% year-over-year to $117.2 million, or $2.57 per share. The consensus estimate called for total revenue of $1.82 billion and earnings of $2.58 per share.
Now, the analyst community has increased second-quarter earnings estimates by 26.6% in the past two months. Second-quarter earnings are now forecast to rise 23.6% year-over-year to $2.57 per share. Revenue is expected to grow 16.2% year-over-year to $1.89 billion. ESLT is a Conservative buy below $471.
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.
Howmet Aerospace, Inc.
Howmet Aerospace, Inc. (HWM) is another aerospace company that develops engineered solutions for the aerospace and industrial industries. Specifically, the company focuses on engine products, fastening systems, engineered structures and forged wheels. And the biggest driver to Howmet Aerospace’s top and bottom lines is the commercial aerospace industry.
In fact, in the first quarter, commercial aerospace revenue rose 9% year-over-year. Total first-quarter revenue grew 6% year-over-year to $1.94 billion, while adjusted earnings increased 47.5% year-over-year to $351 million, or $0.86 per share. Analysts expected earnings of $0.78 per share, so Howmet Aerospace posted a 10.3% earnings surprise.
The company also provided strong guidance for the second quarter, with revenue forecast to be between $1.98 billion and $2 billion. Adjusted earnings per share are also expected to come in between $0.85 and $0.87. And given the strong outlook, the analyst community has increased second-quarter earnings estimates over the past two months. HWM is a Moderately Aggressive buy below $203.
SOM Technicals:
10-28-24: Opened at 102.08. Trade pressures are up. Volumes are bullish. The next target up is 102.88.
11-8-24: Closed at 113.65. Trade pressures are up. Volumes are neutral. The next target up is 115.38.
11-16-24: Closed at 112.01. Trade pressures are down into the neutral zone. Volumes are neutral. The next target down is 108.64.
11-16-24: Closed at 118.44. Trade pressures are up. Volumes are bullish. The next target up is 119.28.
12-06-24: Closed at 118.31. Trade pressures are up but have turned down. Volumes are bullish. The next target up is 120.71.
12-13-24: Closed at 113.43. Trade pressures are down but rising. Volumes are bearish. The next target down is 106.65.
12-20-24: Closed at 110.83. Trade pressures are down. Volumes are bullish. The next target down remains 106.65.
12-27-24: Closed at 111.23. Trade pressures are up but turning down. Volumes are now neutral. The next target down is 106.65.
1-3-25: Closed at 112.76. Trade pressures are up. Volumes are bullish. The next target up is 118.47.
1-11-25: Closed at 112.64. Trade pressures are rising into the neutral zone. Volumes are bullish. The next target up is 118.50.
1-18-25: Closed at 125.30. Trade pressures are up. Volumes are bullish. The next target up is 129.47.
1-24-25: Closed at 127.03. Trade pressures are up but declining. Volumes are bullish. the next target down is 125.00.
1-31-25: Closed at 126.58. Trade pressures are rising into the neutral zone. Volumes are neutral. The next target down is 122.61.
2-8-25: Closed at 127.70. Trade pressures are up. Volumes are bullish. The next taerget up is 129.47.
2-15-25: closed at 133.42. Trade pressures are up into the neutral zone. volum es are bullish. The next target up is 134.85.
2-21-25: Closed at 129.83. Trade pressures are down. Volumes are bearish. The next target down is 127.37.
3-28-25: Closed at 129.69. Trade pressures are down. Volumes are bearish. Support is at 124.57.
4-5-25: Closed at 112.13. Trade pressures are down. Volumes are neutral. The next target down is 107.72.
4-12-25: Closed at 125.67. Trade pressures are up. Volumes are neutral. The next target up is 136.90.
4-18-25: Closed at 123.23. Trade pressures are down. Volumes are neutral. The next target down is 113.47.
6-27-25: Closed at 183.00. Trade pressures are up. Volumes are bullish. All time highs. The next target up is 202.98.
Palantir Technologies, Inc.
Palantir Technologies, Inc. (PLTR) is a data company that helps organizations make sense of massive amounts of information. It builds platforms that pull data together, secure it, and make it easier to use. Then, it adds tools on top that let people analyze the data with help from artificial intelligence.
Beyond just data analysis, Palantir also offers several key products. These include its AI Platform, Foundry (used by commercial clients), Gotham (used mostly by government agencies), and Apollo (which handles software updates across systems).
Right now, Palantir is seeing faster growth in its commercial business than in its government contracts. That trend is easing investor concerns that a drop in federal spending under the Trump administration could hurt the company’s sales.
In the first quarter, total revenue increased 39% year-over-year to $884 million, with U.S. revenue accounting for $628 million. Adjusted earnings soared 69.8% year-over-year to $334.4 million, or $0.13 per share, which was in line with analysts’ expectations.
For the second quarter, Palantir Technologies anticipates total revenue between $934 million and $938 million – and the strong outlook led analysts to up earnings estimates for the quarter in the past two months. Second-quarter earnings are now expected to increase 55.5% year-over-year to $0.14 per share. As you know, positive analyst revisions typically precede future earnings surprises. PLTR is a Moderately Aggressive buy below $162.
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.
S&P 500 Futures
Market Summary:
Copper move up is muted. Gold in another bull flag; in negative correlation with the USD. Silver spiked on war news, then gives it all back.
Crude moved sharply higher but now prepping for a short. Natural Gas now short.
The US 30yr Treasury expect yields lower. The 10yr yields now in the 4.30’s.
The US Dollar now long off the low pivot.
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S&P 500 Futures #ESU25
Monthly –Monthly bar above prior month month high but still selling off. Trade pressures remain in the neutral zone. Volumes closed the month of May as neutral; and on lower volumes. The 6285 price remains the adjusted high. The next target up is 6246. A close below 5850 would confirm any weekly move lower.
Weekly – The weekly bar remains above the October median line which is acting as support. Trade pressures are up. Volumes remain are now neutral. The next target up is 6248. A close below 5897 would confirm any daily move lower.
Daily – Flat. Stopped out of the short trade for a gain. Trade pressures are down but rising. Volumes remain bearish.
This move down has created yet another lower high. The next target down is 5996. The expected oversold level rises to 5935.
A close above 6050 would signal higher. The next target up is 6090. The expected overbought level rises to 6068.
In the rising price channel between 5935 and 6068.
VIX is at 20.6, also in a channel between 15 and 22 (= Chop). Any break above 22 is a warning signal for the equity markets.
But, for now, can buy equities with VIX dips back to 15. Rallies above 22.
[6-23-25: The break above 6050 signaled higher. The SL is now 6134.]
[6-26-25: Now testing the upper channel resistance at 6165. VIX is at 16.7, its lower bound.]
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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 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 flat for the week, still at $127,000.
The Year-to-Date portfolio performance is up 27%.
US$$
#usdollarfutures #ustreasurybondfutures
USD_ DXU25
Weekly – In the March 2025 downtrend. Trade pressures are in the neutral zone. Volumes remain bearish.
Daily –Long. In the new move up from the 6/18 trendline breakout at 98.41. Trade pressures are up but declining. Volumes are bullish.
The next target up is 99.74. The expected overbought level declines to 99.16.
A close below 98.10 would signal a failure and a move lower. The expected oversold levels decline to 97.60.
US30YR T-BOND_ USU25
Weekly – In a new April 2025 uptrend but at support. Trade pressures are up. Volumes remain neutral.
Daily – Flat. Grinding higher but correcting in downward channel, and in a small bull flag. Trade pressures dropped but now back in the neutral zone. Volumes remain bullish.
The next target down is 112-23. Oversold levels are 111.11.
A break out of the bull flag above 113-30 would signal higher. Overbought levels are 115-15.
Oil & Gas
#crudeoilfutures #naturalgasfutures
CRUDE_ CLQ25
Weekly – In the new June 2025 uptrend. Trade pressures are up. Volumes are neutral.
Daily –Flat. Consolidating after the spike to 76.00. Trade pressures are up. Volumes are now neutral.
The spike rises to the OB level. The expected overbought levels rise to 77.81.
A close below 71.94 would signal lower. The expected oversold level rises to 66.14.
[6-23-25: New short at the 71.94 entry. Falls to the 200 day MA at 65.14, below the OS level. Take profits at the close.]
NAT GAS_ NGQ25
Weekly – Still in the January 2025 uptrend. Trade pressures are up. Volumes are now neutral.
Daily – Short. In the move down from the 4.05 short entry price on 6/20. Trade pressures are up but turning down. Volumes are bearish.
The next target down is 3.78. The expected oversold level rises to 3.54.
A close above 3.98 would signal higher. The expected overbought level rises to 4.16.
[Set the SL at 3.98.]
[6-23-25: Stopped out at the 3.98 SL on the open, which was the high for the day.]
Metals
#copperfutures #goldfutures #silverfutures
COPPER_ HGN25
Weekly – In the September 2024 uptrend. Trade pressures are up, but declining. Volumes remain bearish.
Daily – Long. Long trade from 4.81 on 6/20. Trade pressures are up but turning down. Volumes are bullish.
Rallied off the 4.71 support. The next target up is 4.86. The expected overbought levels rise to 4.94.
Support at 4.74. A close below 4.70 would signal lower. The expected oversold levels rise to 4.68.
[6-21-25: Set the SL at 4.74.] [Look for price improvement to enter Long.]
[6-23-25: Long @4.81. Touched 4.90. Raise SL at 4.76.]
[6-26-25: Contract rollover. Sell July contract at 5.06.]
GOLD_ GCQ25
Weekly – In the December 2023 uptrend. Trade pressures are up, still in the neutral zone. Volumes remain bullish.
Daily – Flat. In a new bull flag from 6/15 high pivot. Trade pressures are up. Volumes are bearish.
The next target up is 3397, which would be a new long entry. The expected overbought level rises to 3448.
A close below 3367 would signal lower. The expected oversold level rises to 3322.
SILVER_ SIN25
Weekly – In the December 2023 uptrend. Trade pressures are up. Volumes remain bullish.
Daily – Flat. The 36.63 entry for the 6-17 move up has been completely retraced. Trade pressures are down. Volumes are bearish.
A close above 36.30 would signal higher. The next target up would be 36.64. Overbought levels rise to 37.74.
A close below 35.42 would signal lower. The oversold levels rise to 35.50.