US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXM24

Weekly –  Remains in the new April uptrend.  Trade pressures are up but declining. Volumes are now bearish.

Daily – Short.  In the move down from 104.79 on 5/3. The 106.46 target did offer resistance.  Trade pressures are down.  Volumes remain bullish.

The next target down is 103.20.  The expected oversold levels decline to 105.01.

A close above 105.16 would signal higher. 106.21 is the lower expected overbought level.

 

US30YR T-BOND_ USM24

Weekly – In the April 2024 downtrend.  Trade pressures are down.  Volumes remain bearish.

Daily  – Long. In a move up from 113-25 on 4/26.  Trade pressures are up. Volumes are bullish.

The next target up is 117-17.  Overbought levels are 122-15.

A close below 115-02 would signal lower. Oversold levels are 113-31.

Counter trend trade. Use tight stops.

[5-3-24: Raise sell stops to 115-16.]

[5-7-24: Raise SL to 115-30.]

[5-9-24: Stopped out for a gain.]

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM24

Weekly – In the March uptrend from 3/29/24. Trade pressures are down. Volumes are now bearish.

Daily – Flat. Now lower, having moved down below the short entry at 84.51 on 4/17 and further below the 200 day MA.  Trade pressures are down.  Volumes are bearish.

The next target down is 74.01. The expected oversold level is lower to 78.41.

A close above 80.51 would signal higher. The expected overbought levels are lower to 85.67.

 

NAT GAS_ NGM24

Weekly – In the February 2024 downtrend.  Trade pressures remain down.  Volumes remain bearish.

Daily – Long.   The break above 1.97 on 5/2 send the market higher. Trade pressures are now up.  Volumes are bullish.

The next target up is 2.22.  The expected overbought level rises to 2.01.

A close below 2.11 would signal lower.   The expected oversold level rises to 1.75.

[5/6/24: Set SL at 2.11.]

[5-7-24: Raise SL to 2.14.]

5-10-24: Raise SL to 2.22.]

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGN24

Weekly – Remains in the December 2023 uptrend. Trade pressures remain up. Volumes remain bullish.

Daily – Long. In the move up from the 4.54 level on 5/3.  Trade pressures remain up.  Volumes are bullish.

The next target up is 4.67.  The expected overbought levels are 4.69.

A close below 4.46 would signal lower.  The expected oversold levels are 4.36.

[5/6/24: Raise SL to 4.58. Set a profit stop at 4.69: OCO]

[5/7/24: Stopped out for a gain.]

 

GOLD_ GCM24

Weekly – In the December 2023 uptrend.  Trade pressures are up, but turning down.  Volumes remain bearish.

Daily – Flat. In the move down from the 2405 short entry on 4/12.  Trade pressures are down.  Volumes is bearish.

Touched 2274. The next target down is 2244. The expected oversold level is 2276.

A close above 2323 would signal higher. The expected overbought level is 2390.

 

SILVER_ SIN24

Weekly – In the December 2023 uptrend.  Trade pressures are now down into the neutral zone.  Volumes remain bearish.

Daily –Flat. The short entry at 29.09 on 4/16 was rewarded with the move down to 26.53.  Trade pressures are down.  Volumes remain bearish.

The next target down remains 25.82.  Oversold levels are 24.81.

A close above 27.02 would signal higher.  Overbought levels are 27.44.

[5/5/24: Long at 27.01 Sunday nite. SL at 27.02.]

[5/7/24: Raise SL to 27.32.]

[5-8-24: Stopped out at 27.32 for a 30 cent gain.]

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Summary:

Copper remains strong.  Gold correction continues, but at support.  Silver hit the profit stop and is now in correction but also near support.

Crude remains in consolidation near 80.00.  Natural gas continues the move down breaking support and showing lower targets.

The US 30yr Treasury Bond moves slightly higher. The 10yr yields near upper channel resistance.

The US Dollar futures tests the 106 resistance levels once again. A small bull flag is forming

_________________

S&P 500 Futures   #ESM24

Monthly – April tests March lows. Trade pressures remain up. Volumes closed the month of March as bullish.  The next target up is 5439.  A close below 5022 would confirm any weekly move lower.

Weekly – The weekly closed below the new short entry at 5193.  Trade pressures remain up, but declining.  Volumes are now bullish.  The 4986 downside target was touched.  A close above the prior week’s open at 5166 would confirm any daily move higher.

Daily – Flat.  The close below 5193 signaled lower and the move down to 4986 validated the trade . Trade pressures are now up.  Volumes are now neutral.  The next target up is a test of the 5195 resistance.  The overbought level drops again now to 5125 (more lower highs on the OS/OB).  The expected oversold level is declining to 4951.

A  break above 5195 would signal new highs. Look for another dip near oversold levels to enter any new long.

___________________

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 8% lower in the last two weeks but rallied to close one percent lower, at approximately $130,000. The Year-to-Date portfolio performance closes up 30%.

Progressive Insurance (PGR) and Royal Caribbean (RCL) replace Super Micro (SMCI) and Parsons (PSN) at the next open.

 

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

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXM24

Weekly –  Remains in the new April uptrend.  Trade pressures are up. Volumes remain bullish.

Daily – Flat.  In the move up from 103.48 on 3/19. The 106.46 target is offering resistance.  Trade pressures are down but rising.  Volumes are bullish.

The next target up is that 106.48.  The expected overbought levels are 106.26.

A close below 104.73 would signal lower. 105.25 is the expected oversold level.

 

US30YR T-BOND_ USM24

Weekly – In the April 2024 downtrend.  Trade pressures are down.  Volumes remain bearish.

Daily  – Long. Sold down to the LML at 112-27 and now in a move up from 113-25.  Trade pressures are down. Volumes remain bearish.

The next target up is 117-17.  Overbought levels are 122-15.

A close below 113-10 would signal lower. Oversold levels are 112-11.

Counter trend trade. Use tight stops.

[5-3-24: Raise sell stops to 115-16.]

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM24

Weekly – In the March uptrend from. Trade pressures are up, but declining. Volumes are now neutral.

Daily – Flat. In consolidation; moved down below the short entry at 84.51 on 4/17 and further to the 80.00 support.  Trade pressures up.  Volumes are now bullish.

The next target down is 80.57. The expected oversold level is 80.90.

A close above 85.51 would signal higher. The expected overbought levels are 85.99.

 

NAT GAS_ NGM24

Weekly – In the February 2024 downtrend.  Trade pressures remain down.  Volumes remain bearish.

Daily – Flat. New contract short entry was 2.09.  Trade pressures are down.  Volumes remain bearish.

The next target down is the 1.64 downside ML.  The expected oversold level declines to 1.54.

A close above 1.94 would signal higher.   The expected overbought level rises to 2.02.

 

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGN24

Weekly – Remains in the December 2023 uptrend. Trade pressures remain up. Volumes remain bullish.

Daily – Flat. Remains in the move up from the 4.10 level on 4/3.  Trade pressures remain up.  Volumes are bullish.

The next target up is 4.78.  The expected overbought levels are 4.61.

A close below 4.46 would signal lower.  The expected oversold levels are 4.28.

 

GOLD_ GCM24

Weekly – In the December 2023 uptrend.  Trade pressures are up.  Volumes remain bearish.

Daily – Flat. In the move down from the 2405 short entry on 4/12.  Trade pressures are up.  Volumes closed neutral.

The next target down is 2274. The expected oversold level is 2305.

A close above 2360 would signal higher. The expected overbought level is 2435.

 

SILVER_ SIN24

Weekly – In the December 2023 uptrend.  Trade pressures are up.  Volumes remain bearish.

Daily –Flat. The move to a spike above the 28.23 target failed with a short entry at 29.09 on 4/16.  Trade pressures are down but rising.  Volumes are bearish.

The next target down is 25.82.  Oversold levels are 26.78.

A close above 27.75 would signal higher.  Overbought levels are 28.35.

 

 

Navellier Top 5 Stocks for May

High-Growth Investments

Eli Lilly & Company

Eli Lilly & Company (LLY) continues to experience unrelenting demand for its diabetes and weight-loss treatments. In fact, demand is so high that the FDA recently revealed that most doses of Mounjaro and Zepbound could be in limited supply through the end of the current quarter.

In order to keep up with continuing demand, Eli Lilly plans to invest heavily in manufacturing and supply capacity for its injectable medicines like Mounjaro and Zepbound. Just this week, the pharmaceutical company announced plans to purchase a manufacturing facility from Nexus Pharmaceuticals.

In the meantime, we’ll see exactly how robust demand has been for the company’s treatments next week. Eli Lilly is scheduled to release results for its first quarter in fiscal year 2024 before the stock market opens on Tuesday, April 30.

First-quarter earnings are forecast to increase 52.5% year-over-year to $2.47 per share, up from $1.62 per share in the same quarter a year ago. Analysts have increased earnings estimates by nearly 8% in the past month, so a fourth-straight quarterly earnings surprise is likely. First-quarter sales are expected to rise 28.2% year-over-year to $8.92 billion. LLY is a Conservative buy below $801.

SOM Technicals:

10-07-23: Closed at 567.87. Trade pressures are up. Volumes are now bullish. The next target up is 575.41.

10-14-23: closed at 609.20. Trade pressures are up and trending. Volumes are now bearish. The next target up is 636.00. There is the large gap near 460 to fill.

10-27-23: Closed at 560.23. Trade pressures are down. Volumes are bearish. The next target down is 559.00.

11-3-23: Closed at 567.81. Trade pressures are up but turning down. Volumes are neutral. The next target down is 535.00.

11-10-23: Closed at 597.50. Trade pressures are down. Volumes are neutral. Rolling over after the rally, the next target down is 544.70.

11-17-23: Closed at 591.74. Trade pressures are down but rising. Volumes are neutral. The next target up is 629.97.

11-26-23: Closed at 601.10. Trade pressures are up Volumes are neutral. In consolidation. The next target up is 619.40.

12-1-23: Closed at 584.04. Trade pressures are down. Volumes are bearish. The next target down is 573.69.

12-9-23: Closed at 598.05. Trade pressures are up. Volumes are bullish. The next target up is 611.72.

12-15-23: Closed at 571.22. Trade pressures are down. Volumes are down. The next target down is 55.74 then 529.00.

12-30-23: Closed at 581.60. Trade pressures are up. Volumes are bullish. The next target down is 560.26.

1-6-24: Closed at 618.55.  Trade pressures are up. Volumes are neutral. The next target up is a retest of the 636.15 target.

1-12-24: Closed at 642.92. Trade pressures are up. Volumes are bullish. The next target up is 664.52.

1-20-24: Closed at 628.58. Trade pressures are down. Volumes are neutral. The next target down is 606.55.

1-27-24: Closed at 640.00. Trade pressures are up. Volumes are bullish. The next target up is the Breakout of the Upper median line resistance at 639.50.

2-3-24: Closed at 667.66. Trade pressures are up. Volumes are bullish. The next target up is 682.18.

2-10-24: Closed at 741.00. Trade pressures are up. Volumes are now neutral. The next target up is 745.00.

2-16-24: Closed at 786.00. Trade pressures are up. Volumes remain bullish. The next target up is 882.00.

2-25-24: Closed at 769.54. Trade pressures are down into the neutral zone. Volumes are neutral. The next target down is 712.11.

3-1-24: Closed at 782.12. Trade pressures are in the neutral zone and rising. Volumes are bullish. The next target up is 794.47.

3-9-24: Closed at 762.14. Trade pressures are down. Volumes are bearish. The net target down is 749.88.

3-16-24: Closed at 754.17. Trade pressures are up but turning down. Volumes are bearish. The next target down is 718.42.

3-22-24: Closed at 770.61. Trade pressures are up. Volumes are bullish. The next target up is the resistance at 794.25.

3-29-24: Closed at 777.96. Trade pressures are up. Volumes are now bearish. The next target up 787.40.

4-6-24: Closed at 784.21. Trade pressures are up. Volumes are bullish. The next target up is the prior high at 793.67.

4-14-24: Closed at 751.64. Trade pressures are down. Volumes are bearish. the next target diown is 720.51.

4-27-24: Closed at 733.51. Trade pressures are down but rising. Volumes are neutral. The next target up is the new long entry at 734.81.

5-4-24: Closed at 734.97. Trade pressures are down. Volumes are neutral. The next target down is 707.91.

5-10-24: Closed at 760.00. Trade pressures are down. Volumes are bullish. the next target up is the prior high at 795.50.

5-18-24: Closed at 770.00. Trade pressures are down. Volumes are bullish. The next target up is 781.59.

 

EMCOR Group, Inc.

EMCOR Group, Inc. (EME) provides electrical and mechanical construction, energy and industrial infrastructure, and building services necessary for expanding and enhancing facilities in the U.S. The company’s services have been particularly popular with semiconductor companies as they continue to upgrade their manufacturing facilities.

Just how popular are EMCOR’s services? Well, on Thursday, the company released blowout results for its first quarter in fiscal year 2024. Total first-quarter revenue rose 18.7% year-over-year to $3.43 billion, and earnings soared 76.8% year-over-year to $197.1 million, or $4.17 per share. The analyst community expected first-quarter revenue of $3.22 billion and earnings of $2.83 per share. So, EMCOR Group posted a slight revenue surprise and a 47.3% earnings surprise.

Thanks to the “exceptional start to the year,” EMCOR Group increased its outlook for 2024. For fiscal year 2024, EMCOR Group now expects revenue between $14.0 billion and $14.5 billion, up from previous estimates for $13.5 billion to $14.0 billion. Full-year earnings per share are now forecast to be between $15.50 and $16.50, which is up from previous guidance for $14 to $15. EME is a Moderately Aggressive buy below $391.

SOM Technicals:

10–07-23: Closed at 206.72. Trade pressures are down but rising. Volumes are now bullish. The next target up is 211.58.

10-14-23: Closed at 202.02. Trade pressures are down. Volumes are bearish. The next target down is 192.91.

10-27-23: Closed at 205.12. Trade pressures are up. Volumes are bullish. The next target up is 212.90.

11-2-23: Closed at 210.22. Trade pressures are up. Volumes are bullish. The next target up is 212.90.

11-10-23: Closed at 210.68. Trade pressures are rising in the neutral zone. Volumes are bullish. The next target up is 229.49.

3-29-24: Closed at 350.20. Trade pressure are up but turning down. Volumes are neutral. The next target up is 354.73. A close below 347.00 signals correction.

4-6-24: Closed at 365.02. Trade pressures are up. Volumes are bullish. The next target up is 369.53, the prior high.

4-14-24: Closed at 351.88. Trade pressures are down but rising. Volumes are neutral. the next target down is 349.26.

4-27-24: Closed at 354.02. Trade pressures are up. Volumes are bullish. The next target up is 367.44.

5-4-24: Closed at 363.77. Trade pressures are down but rising. Volumes are bullish. The next target up is 367.44.

5-10-24: Closed at 380.28. Trade pressures are up. Volumes are bullish. The next target up is 401.49.

5-18-24: Closed at 378.37. Trade pressures are in the neutral zone. Volumes are neural. The next target down is 367.90.

 

Progressive Corporation

Progressive Corporation (PGR) is a popular insurance company in the U.S., in business since 1937. The company offers a variety of insurance, including car, boat, motorcycle, homeowners, personal and commercial – and all those commercials with Flo and Jamie ensure that folks know they can bundle their auto and property insurance.

And those insurance bundles appear to be popular, as Progressive announced robust results for its first quarter in fiscal year 2024 in mid-April. First-quarter earnings surged 421% year-over-year to $2.33 billion, or $3.94 per share. Adjusted earnings of $3.75 per share topped estimates for $3.21 per share by 16.8%. First-quarter revenue of $17.24 billion also beat estimates for $16.61 billion.

In the wake of its quarterly earnings beat, the analyst community has increased second-quarter earnings estimates by 19% in the past month alone. Second-quarter earnings are now forecast to soar 540% year-over-year to $2.56 per share, compared to $0.40 per share in the same quarter a year ago.

Thanks to the strength of its business and a strong cash flow, Progressive also continues to reward its shareholders. The company paid a quarterly dividend of $0.10 per share on April 12. PGR is a Conservative buy below $224.

SOM Technicals:

4/27/24: Closed at 205.03. Trade pressures are down. Volumes are bearish. The next target down is 199.79.

5-4-24: Closed at 208.72. Trade pressures are down. Volumes are bullish. The next target down is 206.06. 

5-10-24: Closed at 210.17. Trade pressures are neutral. Volumes are bullish. The next target down is 211.49.

5-18-24: Closed at 209.22. Trade pressures are down but rising. Volumes are bearish. The next target down is 201.34.

 

Royal Caribbean Group

Royal Caribbean Group (RCL) is a well-known cruise operator that provides unique vacation experiences in more than 60 countries around the world. The company operates a fleet of more than 63 cruise ships that provide high-quality accommodations, a variety of dining options and onboard entertainment. And, as evidenced by the company’s latest results, demand for Royal Caribbean’s travel experiences is robust right now.

First-quarter adjusted earnings surged to $478.0 million, or $1.77 per share, up from a loss of $59.0 million, or a $0.23 per share loss, in the first quarter of 2023. Analysts expected adjusted earnings of $1.33 per share, so Royal Caribbean Cruises posted a 33.1% earnings surprise. First-quarter revenue of $3.7 billion also beat estimates for $3.69 billion.

Royal Caribbean Cruises noted that it’s been its strongest season in company history, with record bookings and higher rates for 2024 sailings. As a result, Royal Caribbean Cruises increased its guidance for fiscal year 2024. The company now anticipates full-year adjusted earnings per share between $10.70 and $10.90, which is nicely higher than current estimates for $10.06 per share. RCL is a Moderately Aggressive buy below $159.

SOM Technicals:

8-25-23: Closed at 99.77. Trade pressures are up but turning down. Volumes are neutral. The next target down is 96.02.

9-1-23: Closed at 97.70.  Trade pressures are down. Volumes are bearish. The next target down is 85.56.

9-8-23: Closed at 97.36. Trade pressures are down but rising. Volumes are bearish. The next target down is 85.56.

9-16-23: Closed at 97.42. Trade pressures are up but turning down. Volumes are neutral. The next target down is 95.74.

9-23-23: Closed at 91.204. Trade pressures are down. Volumes are bearish. The next target down is 85.58.

12-30-23: Closed at 129.49. Trade pressures are up.  Volumes are bullish  The next target up is 131.93.

1-6-24: Closed at 122.66.  Trade pressures are up into the neutral zone.  Volumes are bullish.  The next target down is 113.67.

1-12-24: Closed at 121.21. Trade pressures are down. Volumes are bearish. The next target down is 113.67.

1-20-24: Closed at 127.00. Trade pressures are up.  Volumes are bullish. The next target up is 130.97.

1-27-24: Closed at 123.46. Trade pressures are down. Volumes are bearish. The next target down is 113.67. 

2-3-24: Closed at 123.44. Trade pressures are down. Volumes are neutral. The next target down is 116.47.

2-10-24: Closed at 116.80. Trade pressures are down. Volumes are bearish. The next target down is 112.30.

2-16-24: Closed at 116.90. Trade pressures are up into the neutral zone. Volumes are bearish. The next target down is 112.39.

2-25-24: Closed at 121.91. Trade pressures are up. Volumes are neutral. The next target down is 112.39.

3-1-24: Closed at 124.26. Trade pressures are up. Volumes are bullish. The next target up is 126.96.

3-9-24: Closed at 127.42. Trade pressures are up but declining. Volumes are bullish. The next target up is 131.76.

3-16-24: Closed at 128.92. Trade pressures are up but turning down. Volumes are neutral. the next target up is 133.09.

3-22-24: Closed at 125.83. Trade pressures are up. Volumes are bullish. The next target up is 139.33.

4-27-24: Closed at 140.59. Trade pressures are up. Volumes are bullish. The next target up is 142.73.

5-4-24: Closed at 138.21. Trade pressures are down but rising. Volumes are neutral. The next target down is 133.34. A close above 141.05 would signal higher.

5-10-24: Closed at 141.04. Trade pressures are up but declining. Volumes are bullish. The next target down is 135.61.

5-18-24: Closed at 141.92. Trade pressures are up. Volumes are bullish. The next target up is 145.51.

Vertiv Holdings Company

Vertiv Holdings Company (VRT) is a leading provider of digital infrastructure, as it offers power, cooling and IT infrastructure solutions for commercial and industrial facilities, communication networks and data centers. Its solutions are utilized in more than 130 countries, and the company boasts 2,740 global patents, as well as more than 770 pending patents.

On Wednesday morning, Vertiv reported that first-quarter orders jumped 60% year-over-year, and that the company’s backlog increased to a new record of $6.3 billion. Vertiv also reported that first-quarter sales grew 8% year-over-year to $1.64 billion, and adjusted earnings increased 41.7% year-over-year to $248.6 million, or $0.43 per share. Both topped estimates for revenue of $1.62 billion and earnings of $0.36 per share.

Thanks to the strength of its business in the first quarter and anticipation for orders to remain robust going forward, Vertiv upped its outlook for fiscal year 2024. Full-year 2024 sales are now expected to be between $7.54 billion and $7.69 billion, and adjusted earnings per share are forecast to be between $2.29 and $2.35. VRT is a Moderately Aggressive buy below $107.

SOM Technicals:

3-29-24: Closed at 81.84. Trade pressures are up but turning down. Volumes are bullish. The next target down is 77.05. A close above 83.62 signals higher.

4-6-24: Closed at 85.34. Trade pressures are up. Volumes are bullish. The next target up is the prior high at 88.70.

4-14-24: Closed at 83.89. Trade pressures are rising into the neutral zone. Volumes are neutral. The next target down is 78.14.

4-27-24: Closed at 93.49. Trade pressures are up. Volumes are neutral. The next target up is 94.76.

5-4-24: Closed at 93.01. Trade pressures are rising into the neutral zone. Volumes are bullish. The next target up is 95.70.

5-10-24: Closed at 95.40. Trade pressures are up. Volumes are bullish. The next target up is 100.01.

5-18-24: Closed at 96.81. Trade pressures are down. Volumes are neutral. The next target down is 90.96.

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Summary:

Copper 4.30 profit stop met.  Gold spikes higher and then begins a correction.  Silver in the new move up, but now at 28.90 resistance (also the profit stop).

Crude in consolidation at 88.00.  Natural gas continues the move down breaking support and testing recent lows.

The US 30yr Treasury Bond continues down. The 10yr yields rally to upper channel resistance.

The US Dollar futures tests the 106 levels.

_________________

S&P 500 Futures   #ESM24

Monthly – April month’s high was fractionally higher. Trade pressures are up. Volumes closed the month of March as bullish.  The next target up is 5439.  A close below 5022 would confirm any weekly move lower.

Weekly – The weekly closes below the 4/1 intra week pivot high and the new short entry at 5193.  Trade pressures remain up, but declining.  Volumes are now bearish.  The next target down is 5052.  A close above the prior week’s open at 5263 would confirm any daily move higher.

Daily – Flat.  The close below 5193 has signaled lower. Trade pressures are now down.  Volumes are now bearish.  The next target down is 5052.  The overbought level drops to to 5278 (lower highs on the OS/OB).  The expected oversold level is declining to 5128.

___________________

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 lower, at approximately $131,000. The Year-to-Date portfolio performance closes up 31%.

 

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

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXM24

Weekly –  Remains in the new April uptrend.  Trade pressures are up. Volumes are now bullish.

Daily – Flat.  In the move up from 103.48 on 3/19 and now near the 106.48 target.  Trade pressures are up.  Volumes are bullish.

The next target up is 106.48.  The expected overbought levels remain 105.57.

A close below 104.25 would signal lower. 103.745 is the expected oversold level.

 

US30YR T-BOND_ USM24

Weekly – Breaking support, now in a new April 2024 downtrend.  Trade pressures are down.  Volumes are bearish.

Daily  – Flat. Sold down thru the 114-31 support, moving to the lower median line channel.  Trade pressures are down. Volumes are now neutral.

The next target down is the LML at 113-07.  Oversold levels are 112-16.

A close above 115-31 would signal higher. Overbought levels are 117-15.