S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Summary:

Copper new long at 5.76. Gold and Silver trade pressures are rising. GVX declining, allowing risk.

Crude consolidating after 20 dollar move down.  Natural Gas in channel with a negative bias.

The US 30yr Treasury rally after testing the lower boundary of the channel.
The 10yr yields decline to 4.30%.  The expected overbought level for the 10yr yield declines to 4.45%.

The US Dollar – new down move.

_________________

S&P 500 Futures   #ESM26

Monthly –Monthly bar recovers and is back above the October ’22 Median line. Trade pressures remain up, but declining. Volumes closed the month of March as bearish.  The 7092 price remains the adjusted high.  The close back above the 6782 signals higher. A close below 6507 would signal a failure of the move up.

Weekly – The weekly bar breaks above the Feb 27 downtrend line.  Trade pressures remain down, but rising. Volumes are bullish.  A close above 6863 would signal higher. A close below 6476 would confirm any new daily move lower.

Daily – Long.  In the move up from the 6467 long entry on 3/31. Trade pressures are up. Volumes are bullish.

The next target up is 6895, which is resistance and is also above the OB level.  The expected overbought level rises to 6888.

A close below 6831 would signal lower. The expected oversold level declines to 6340.

[OB/OS trend is widening.]
The VIX closes near 19 indicating market is investible and choppy.

[4-15-26: Set SL at 6976.]

__________________

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 reset to start at $100,000 for the 2026 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.
    Up 48% for the 2025 Year

Portfolio stock values for 2026. 
The portfolio value much higher for the week, at $136,000.
The Year-to-Date portfolio performance is up 36%.

The S&P 500 YTD return is 2.86%

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXM26

Weekly –  In the new March 2026 uptrend. Trade pressures are down to the neutral zone. Volumes are bearish.

Daily – Short. from 99.73 on 4/06. Trade pressures are down.  Volumes are bearish.

The next target down is 97.62. The expected oversold levels decline to 98.51.

A close above 98.77 98.21 would signal higher  The expected overbought level rises to 100.51.

[The OB/OS channel is widening.]

 

US30YR T-BOND_ USM26

Weekly – In the new March 2026 downtrend.  Trade pressures remain down, but rising.  Volumes are neutral.

Daily  – Flat. A new long entry at 113-07 on 3/30. (After retest of the lower median line parallel at 111-23 on 3/27.) Trade pressures remain down.  Volumes are neutral.

The next target up is 115-04. Overbought levels rise to 114-28.

A close below 113-09 would signal lower.  Oversold levels rise to 112-26.

[The OB/OS channel is rising.]

10yr yields decline to 4.30% and near OS.

[4-11-26: Set the SL at 113-07.]

[4-14-26: Raise the SL to 113-.25]

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLK26

Weekly – In the January 2026 uptrend. Trade pressures remain up. Volumes are now bullish.

Daily – Flat. The prior uptrend crashed to 84, now moving higher . Trade pressures are down.  Volumes are now neutral.

A close below 90.46 would signal lower. The expected oversold level rises to 98.95.

a close above 98.90 would signal higher. The expected overbought levels rise to 116.84.

[OB/OS channel is rising.]
OVX (oil volatility) drops to 78; still choppy.   Daily ranges are too wide.

(One of the larger components measuring inflation. The Hedgeye inflation nowcast now expects rising inflation in the 2nd thru the 4th quarters of 2026.)

 

NAT GAS_ NGK26

Weekly – In the January 2025 uptrend. Trade pressures are near support.  Volumes are bearish.

Daily – Flat, Declining in a channel to the 200 day MA. Trade pressures are down.  Volumes remain bearish.

In the move down from 2.90 on 3/30. The next target down is 2.43.  The expected overbought level declines to 2.96.

A close above 2.70 would signal higher. The expected oversold level declines to 2.62.

[OB/OS channel is declining.]

 

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGK26

Weekly – In the October 2025 uptrend, rallied off support. Trade pressures are up. Volumes are bullish.

Daily – Long. In the new move up from 5.76 on 4/10. Trade pressures are up.  Volumes are bullish.

The next target up is 5.97 6.29. The expected overbought levels rise to 5.81.

A close below 5.77 would signal lower. The expected oversold levels rise to 5.41.

[OB/OS channel is rising.]

[4-15-26: Set the SL at 6.03]

 

GOLD_ GCM26

Weekly – In the December 2023 uptrend.  Trade pressures are down but rising to the neutral zone.  Volumes are now neutral.

Daily – Flat. In the new move up from 4718 on 4/1. No trade, OB/OS trending lower.  Trade pressures are up.  Volumes are bullish.

The next target up is 4737.  The expected overbought level declines to 4435.

A close below 4727 would signal lower. The expected oversold level declines to 4278.

[OB/OS channel is declining.]  GVX drops to 30 – in the investible zone.

 

SILVER_ SIK26

Weekly – In the December 2023 uptrend. Trade pressures remain down, but rising.  Volumes are neutral.

Daily – Long. In the move up from 75.69 on 4/10. Trade pressures are up.  Volumes are bullish.

The next target up is 80.04 81.48. Overbought levels rise to 77.

A close below 74.34 would signal lower. The oversold levels rise to 69.

[OB/OS channel is rising.]

[4-15-26: Set the SL at 77.04.]

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Summary:

Copper breakout failed, in consolidation at the 200 day MA support. Gold and Silver sell off, but now trade pressures are rising. GVX rising, creating risk.

Crude settling into a much higher range 86-102.  Natural Gas in channel with a positive bias.

The US 30yr Treasury selling off hard
The 10yr yields rally to 4.44%.  The expected overbought level for the 10yr yield rises to 4.46%.

The US Dollar – consolidating at 99.96, testing the upper parallel boundary.

_________________

S&P 500 Futures   #ESM26

Monthly –Monthly bar drops thru the October ’22 Median line. Trade pressures remain up, but declining. Volumes closed the month of February as bullish, but clearly bearish now.  The 7092 price remains the adjusted high.  The close below 6782 confirmed the weekly move lower. 6279 is the next target down. A close back above 6782 would signal higher.

Weekly – The weekly bar breaks the October ’23 Median Line support.  Trade pressures remain down. Volumes remain bearish. A close below 6742 confirmed the daily move lower. The next target lower is 6226. A close above 6668 would signal higher.

Daily – Flat.  Trade pressures are down. Volumes are again bearish.

At the 6399 target. The next target down is 6291. The expected oversold level declines to 6426.

A close above 6497 would signal higher (bear market rally back to the 200 day MA?). The expected overbought level declines to 6701.

[OB/OS trend is declining.]
The VIX is rising above the Chop Range; placing hedges forces the market maker to do the opposite.

[3-27-26: VIX >29 in the red zone.]

__________________

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 reset to start at $100,000 for the 2026 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.
    Up 48% for the 2025 Year

Portfolio stock values for 2026. 
The portfolio value is down hard for the week, at $113,000.
The Year-to-Date portfolio performance is up 13%.

The S&P 500 YTD return is – 5.38%

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXM26

Weekly –  In the new March 2026 uptrend. Trade pressures are up. Volumes are now bearish.

Daily – Long. finding resistance at 100 on 3/19. Trade pressures are down.  Volumes are bearish.

The next target up is 101.68   Overhead resistance nearby. The expected overbought level declines to 100.36.

A close below 99.48 would signal lower. The expected oversold levels rise to 99.03.

[The OB/OS channel is narrowing.]

[3-27-26: Narrowing could presage a breakout. up or down.]

 

US30YR T-BOND_ USM26

Weekly – In the new March 2026 downtrend.  Trade pressures remain down.  Volumes remain bearish.

Daily  – Flat. Down to retest the lower median line parallel. Trade pressures remain down.  Volumes remain bearish.

Met the 112-00 target. The next target down is 110.54  Oversold levels decline to 112-01.

A close above 113-07 would signal higher. Overbought levels decline to 114-16.

[The OB/OS channel is declining.]

10yr yield near 4.44% and > OB.
Crude up, Inflation up, Yields up, USD up, SPX down

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLK26

Weekly – In the January 2026 uptrend. Trade pressures remain up. Volumes remain neutral.

Daily – Flat. The prior uptrend crashed to 84, now moving higher . Trade pressures are up.  Volumes are now bullish.

The next target up is 106.18. The expected overbought levels rise to 101.33.

A close below 95.11 would signal lower. The expected oversold level rises to 87.52.

[OB/OS channel is rising.]
OVX (oil volatility) rises to 96; very high risk.   No trade.

(One of the larger components measuring inflation. The Hedgeye inflation nowcast now expects higher inflation in the 2nd quarter 2026.)

 

NAT GAS_ NGK26

Weekly – In the January 2025 uptrend. Trade pressures are down into the neutral zone.  Volumes remain neutral.

Daily – Flat, Rising in a sideways channel between 2.80 and 3.30. Trade pressures are up.  Volumes remain bearish.

In the move up from 2.95. The next target up is 3.17.  The expected overbought level declines to 3.20.

A close below 3.00 would signal lower. The expected oversold level declines to 2.83.

[OB/OS channel is declining.]

[3-27-26: Watch for rising volumes.]

[3-29-26: Sunday evening open down hard. Missed the 3.00 short entry.]

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGK26

Weekly – In the October 2025 uptrend, testing support. Trade pressures remain down. Volumes remain bearish.

Daily – Flat. Failed move up, now forming a bull flag. At the 5.31 support. Trade pressures are up.  Volumes remain bearish.

The next target down is 5.41. The expected oversold levels decline to 5.25.

A close above 5.57 would signal higher. The expected overbought levels decline to 5.69.

[OB/OS channel is declining.]

 

GOLD_ GCM26

Weekly – In the December 2023 uptrend; traded below, but closed back above trend.  Trade pressures are down.  Volumes are now bullish.

Daily – Flat. In the new uptrend.  Trade pressures are down, but rising.  Volumes remain neutral.

Moved down and touched the 200 day MA at 4132; then bounced. The expected oversold level declines to 4278.

A close above 4718 would signal higher.  The expected overbought level declines to 4938.

[OB/OS channel is declining.]  GVX rises to 45 – in the chop zone.

 

SILVER_ SIK26

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

Daily – Flat. Move down toward the 200 day MA turned up at 61. Trade pressures are up into the neutral zone.  Volumes remain bearish.

The next target down is 66.42. The oversold levels decline to 65.

A close above 71 would signal higher.  Overbought levels rise to 76.

[OB/OS channel is widening.]

Navellier Top 5 Stocks for April

High-Growth Investments

Ciena Corporation

Ciena Corporation (CIEN) was a new addition to the High-Growth Investments Buy List in the March 2026 Monthly Issue. If you recall, the company is a global leader in connectivity, providing optical networking systems and software to help its customers thrive in the AI economy. Simply put, Ciena builds adaptive networks that support increasing bandwidth demand.

And the company is experiencing strong demand for its services.

During its first quarter in fiscal year 2026, revenue rose 33% year-over-year to $1.43 billion, and adjusted earnings soared 111% year-over-year to $1.35 per share. The consensus estimate called for revenue of $1.4 billion and adjusted earnings of $1.17 per share, so Ciena posted a slight revenue surprise and a 15.4% earnings surprise.

Ciena noted that it ended the quarter with a record backlog and anticipated strong results throughout 2026. As a result, the company forecasts total revenue of about $1.5 billion for the second quarter, or 40.2% year-over-year revenue growth.

Given the strong outlook, analysts have upped second-quarter earnings estimates by 20.7% in the past month. Earnings are now forecast to surge 247.6% year-over-year to $1.46 per share, compared to $0.42 per share in the second quarter of 2025. CIEN is a Moderately Aggressive buy below $472.

SOM Technicals:

3-27-26: Closed at 399.50. Trade pressures are down. Volumes are bearish. The next target down is 362.38. Bullish above 410.00.

4-11-26: Closed at 496.02. Trade pressures are up. Volumes are bullish. The next target up is the prior high at 513.49. 467.61 is bearish.

4-18-26: Closed at 507.43.Trade pressures are up. Volumes are bullish. the next target up is 541.07. 434.81 is bearish.

 

Comfort Systems USA, Inc.

Comfort Systems USA, Inc. (FIX) focuses primarily on providing electrical, mechanical and plumbing systems for the electrical and mechanical services industry in the U.S. The company boasts that it is a “single source provider” for all of its clients’ construction project needs (engineering and design, prefabrication and manufacturing, etc.), as well as speeds up HVAC and electrical modular construction, provides maintenance and services and offers custom solutions.

Government spending on data centers and semiconductor manufacturing facilities continues to boost demand for Comfort Systems services. The company ended 2025 with a backlog of $11.94 billion, which was up from $5.99 billion at the end of 2024.

Fourth-quarter earnings soared 126.7% year-over-year to $330.8 million, or $9.37 per share, compared to $145.9 million, or $4.09 per share, in the same quarter a year ago. Analysts expected earnings of $6.75 per share, so Comfort Systems posted a 38.8% earnings surprise.

Looking ahead to the first quarter in fiscal year 2026, the current consensus estimate calls for earnings to grow 43.4% year-over-year to $6.81 per share and for revenue to rise 30.6% year-over-year to $2.39 billion. Analysts have also revised earnings estimates 16.4% higher in the past month, which bodes well for a fifth-straight quarterly earnings surprise. FIX is a Conservative buy below $1,532.

SOM Technicals:

3-27-26: Closed at 1365.37. Trade pressures are down. Volumes are bearish. The next target down is 1329.03. Bullish above 1411.

4-11-26: Closed at 1592.84. Trade pressures are up. Volumes are bullish. The next target up is 1635.41. 1529.09 is bearish.

4-18-26: Closed at 1650.47. Trade pressures are up but turning down. Volumes are bullish. The next target up is 1660.37. 1534.57 is bearish.

 

GE Vernova, Inc.

GE Vernova, Inc. (GEV) is the spinoff of General Electric’s energy business, combining GE Power, GE Renewable Energy, GE Digital and GE Energy Financial Services. The company operates from three main divisions – Power, Wind and Electrification – and it generates about 25% of the world’s electricity.

GE Vernova has experienced robust demand for its services, and as such, it provided a positive outlook for fiscal year 2026. The company expects full-year revenue between $44 billion and $45 billion, or 15.6% to 18.2% annual revenue growth.

GE Vernova is scheduled to release first-quarter results on April 22. The analyst community expects first-quarter earnings to jump 115.3% year-over-year to $1.96 per share and revenue to grow 15.1% year-over-year to $9.24 billion. GEV is a Conservative buy below $952.

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.

3-27-26: Closed at 849.49. Trade pressures are down. Volumes are bearish. The next target down is 830.45. Bullish above 887.

4-11-26: Closed at 993.50. Trade pressures are up. Volumes are bullish. The next target up is 1042. 948.45 is bearish.

4-18-26: Closed at 1003.99. Trade pressures are up but declining to the neutral zone. Volumes are bullish. The next target up is 1011.12. 912.29 is bearish.

 

Quanta Services, Inc.

Quanta Services, Inc. (PWR) offers specialty contractor services, primarily providing infrastructure solutions for electric power, wireless and fiber optic installation, underground utilities and pipelines. Simply put, Quanta Services provides “the infrastructure that powers your world.”

Thanks to increased demand from its electric business and consistent demand from its end markets, Quanta Services ended 2025 with a record backlog of $44 billion. The company is optimistic that it will achieve another record backlog and double-digit earnings per share growth in 2026.

Quanta Services is expected to announce first-quarter results in late April. First-quarter revenue is expected to rise 13% year-over-year to $7.04 billion, while earnings are forecast to grow 18% year-over-year to $2.10 per share.

I should also add that Quanta Services recently announced a quarterly dividend. The company will pay a quarterly dividend of $0.11 per share on April 10. All shareholders of record on Thursday, April 2, will receive the dividend. PWR is a Conservative buy below $599.

SOM Technicals:

3-27-26: Closed at 549.60. Trade pressures are down. Volumes are bearish. The next target down is 550.91. Bullish above 564.

4-11-26: Closed at 585.36. Trade pressures are up. Volum es are bullish. The next target up is 592.58. 569.10 is bearish.

4-18-26: Closed at 601.88. Tradepresuress are up out of the neutral zone. Volumes are bullish. The next target up is 609.71. 587.96 is bearish.

 

Seagate Technology Holding plc

Seagate Technology Holding plc (STX) develops AI-capable hard drives better than any other company. It’s a global leader in storage, providing more than four zettabytes of capacity that covers the cloud, the edge and endpoint devices. Thanks to ongoing demand for its hard drives, especially from data centers, Seagate Technology continues to exceed analyst expectations.

For its second quarter in fiscal year 2026, Seagate Technology reported total revenue of $2.83 billion and earnings of $3.11 per share. That represented 21.5% year-over-year revenue growth and 53.2% year-over-year earnings growth. Analysts expected revenue of $2.76 billion and earnings of $2.84 per share.

The company also provided a positive outlook for the third quarter. Revenue is forecast to come in at about $2.9 billion, and earnings per share are expected to be between $3.20 and $3.60. And thanks to the strong outlook, analysts have increased earnings estimates by 22.2% in the past three months.

The consensus estimate now calls for earnings of $3.47 per share and revenue of $2.94 billion, representing 36% year-over-year revenue growth and 82.6% year-over-year earnings growth. As you know, positive analyst revisions typically precede future earnings surprises. STX is a Moderately Aggressive buy below $446.

SOM Technicals:

12-20-25: Closed at 300.01. Trade pressures are up. Volumes are neutral. The next target up is 312.94.

12-26-25: Closed at 286.22. Trade pressures are uup. Volumes are neutral. The next target down is 278.82.

1-2-26: Closed at 288.10. Trade pressures are up. Volumes are bullish. The next target up is 294.35.

1-10-26: Closed at 304.48. Trade pressures are down, but rising. Volumes are bullish. The next target up is 310.73.

1-24-26: Closed at 346.10. Trade pressures are up. Volumes are up. The next target up is 351.06.

1-30-26: Closed at 403.00. Trade pressures are up but declining. Volumes are neutral. The next target down is 379.01.

2-7-26: Closed at 427.90. Trade pressures are down into the neutral zone. Volumes are neutral. The next target up is 468.32.

2-14-26: Closed at 423.00. Trade pressures are up. Volumes are neutral. The next target up is 447.54.

2-20-26: Closed at 411.15. Trade pressures are down. Volumes are neutral. The next target down is 381.01.

3-27-26: Closed at 377. Trade pressures are down. Volumes are bearish. The next target down is 367.16. Bullish above 402.41.

4-11-26: Closed at 503.70. Trade pressures are up. Volumes are bearish. The next target up is 516.11. 484.45 is bearish.

4-18-26: Closed at 547.75. Trade pressures are up. Volumes are bullish. The next target up is 587.19. 531.19 is bearish.

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Summary:

Copper in the move down, at 200 day MA support. Gold and Silver sell off, still possible liquidity source. GVX rising in chop zone.

Crude settling into a much higher range 86-102.  Natural Gas in chop with a neg bias.

The US 30yr Treasury selling off.
The 10yr yields rally to 4.39%.  The expected overbought level for the 10yr yield rises to 4.33%.

The US Dollar – consolidating at 99.50, testing the upper parallel boundary.

_________________

S&P 500 Futures   #ESM26

Monthly –Monthly bar drops to the October ’22 Median line. Trade pressures remain up. Volumes closed the month of February as bullish.  The 7092 price remains the adjusted high.  The close below 6782 confirmed the weekly move lower. 6434 is the next target down. A close back above 6782 would signal higher.

Weekly – The weekly bar breaks the October ’23 Median Line support.  Trade pressures remain down. Volumes remain bearish. A close below 6742 does confirm the daily move lower. The next target lower is 6392. A close above 6675 would signal higher.

Daily – Flat.  Trade pressures are down. Volumes are bearish.

The next target down is 6399.  The expected oversold level declines to 6554.

A close above 6721 would signal higher. The expected overbought level declines to 6786.

[OB/OS trend is declining.]
The VIX is rising in the Chop Range; expect rapid price moves in either direction.

[3-25-26: VIX near the top of the Chop range. Declining.]

__________________

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 reset to start at $100,000 for the 2026 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.
    Up 48% for the 2025 Year

Portfolio stock values for 2026. 
The portfolio value is up for the week, at $124,000.
The Year-to-Date portfolio performance is up 24%.

The S&P 500 YTD return is – 1.49%