Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLH26

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

Daily – Flat. Stopped out at 65.42. Need a pullback to re-enter. Trade pressures are up.  Volumes are bullish.

The next target up is 66.45. The expected overbought levels rise to 65.72.

A close below 63.60 would signal lower. The expected oversold level rises to 60.12.

[OB/OS channel is rising.]

(One of the larger components measuring inflation; and the Hedgeye inflation nowcast expects lower inflation in the 1st quarter 2026.)

 

NAT GAS_ NGH26

Weekly – In the new January 2025 uptrend, dramatically reversing the downtrend. Trade pressures are now up.  Volumes remain bullish.

Daily – Flat, ripped higher for the week, extending the high to 4.41. Trade pressures are up.  Volumes are now bullish.

The next target up is 4.70. The expected overbought level declines to 5.11.

A close below 3.91 would signal lower. The expected oversold level declines to 3.50.

[OB/OS channel is declining.]

[1-30-26: If long, SL at 3.91.]

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGH26

Weekly – In the October 2025 uptrend, spiked to new highs and retraced. Trade pressures are up. Volumes are bullish .

Daily – Flat. Sold the spike over 6.58 at.6.22. Trade pressures are up but turning down.  Volumes closed bearish.

The next target down is 5.84. Tested this level but did not close below. The expected oversold levels rise to 5.79.

A close above 5.97 would signal higher. Some buying at the close. The expected overbought levels rise to 6.38.

[OB/OS channel is still rising.]

 

GOLD_ GCG26

Weekly – In the December 2023 uptrend; a wide ranging bar, 4700-5626.  Trade pressures remain up.  Volumes are bearish.

Daily – Flat. The selloff gives the entire move back, from 5620 to 4660.  Trade pressures are down.  Volumes are bearish.

A close above 4962 would signal higher.  The expected overbought level rises to 5574.

A close below 4728 would signal lower. Still in a downtrend.  The expected oversold level rises to 5008.

[OB/OS channel is rising.]

 

SILVER_ SIH26

Weekly – In the December 2023 uptrend; a wide ranging bar, 74-121. Trade pressures remain up.  Volumes are bearish.

Daily – Flat. The hyperbolic move up to 121 crashes to close at 85. (At $5000 per big point) . Trade pressures are down.  Volumes are bearish.

The next target down is 74.47. May backtest the 87.00 level first. The oversold levels rise to 109

New high at 121.78. Overbought levels rise to 116.

[OB/OS channel is rising.]

 

Navellier Top 5 Stocks for February

High-Growth Investments

Agnico Eagle Mines Ltd. (AEM) is the largest mining company in Canada and the second-largest gold producer in the world. The company has operations not only in Canada but also in Australia, Finland and Mexico, and it expects to produce between 3.33 million and 3.5 million ounces of gold in fiscal year 2025. Considering that 77% of this guidance was produced in the first nine months of the year, Agnico Eagle Mines should exceed its guidance.

Agnico Eagle Mines is scheduled to announce fourth-quarter and full-year 2025 results on Thursday, February 12. Fourth-quarter earnings are forecast to more than double year-over-year to $2.63 per share, up from $1.26 per share in the same quarter a year ago. Revenue is expected to grow 54.9% year over year to $3.44 billion.

Analysts have upped fourth-quarter earnings estimates by 9% in the past two months, so a fifth-straight quarterly earnings surprise is likely.

I should also add that for fiscal year 2025, Agnico Eagle Mines is anticipated to achieve earnings of $8.17 per share and revenue of $11.76 billion. That represents 93.1% annual earnings growth and 42% annual revenue growth. AEM is a Conservative buy below $206.

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 target 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: Closed 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.

7-11-25: Closed at 119.88. Trade pressures are up. Volumes are now neutral. The next target down remains 105.05.

7-29-25: Closed at 126.30. Trade pressures are down but rising. Volumes are neutral. The next target up is the resistance at 128.48.

8-2-25: Closed at 125.31. Trade pressures are rising into the neutral zone. Volumes are bearish. The next target down is 118.08.

8-9-25: Closed at 136.38. Trade pressures are up. Volumes are bullish. At resistance. the next target down is 133.21.

8-16-25: Closed at 133.01. Trade pressures are down. Volumes are bearish. The next target down is 130.36.

8-23-25: Closed at 137.26. Trade pressures are up. Volumes are bullish. The next target up is 143.59.

8-29-25: Closed at 144.17. Trade pressures are up. Volumes are bullish. the next target up is 147.38.

9-16-25:: Closed at 152.09. Trade pressures are up but declining. Volumes are bullish. The next target down is 147.63.

9-20-25: Closed at 161.58. Trade pressures are up. Volumes are bullish. The next target up is 167.67.

11-22-25: Closed at 159.75. Trade pressures are down. Volumes are bearish. The next target up is 164.42.

11-26-25: Closed at 174.43. Trade pressures are up. Volumes are bullish. The next target up is 187.78.

12-06-25: Closed at 169.00. Trade pressures are rising into the neutral zone. volumes are bearish. The next target up is 173.57.

12-12-25: Closed at 168.27. Trade pressures are up. Volumes are bearish. The next target up is 173.45.

12-20-25: Closed at 174.21. Trade pressures are up. Volumes are bullish. The next target up is 187.60.

12-26-25: Closed at 183.36. Trade pressures are up. Volumes are neutral. The next target up is 186.26.

1-2-26: Closed at 170.41. Trade pressures are down. Volumes are bullish. The next target up is 174.46.

1-30-26: Closed at 191.14. Trade pressures are up. Volumes are bullish. The next target down is 182.14.

2-7-26: Closed at 196.60. Trade pressures are up into the neutral zone. Volumes are bearish. The next target down is 183.81.

2-14-26: Closed at 216.75. Trade pressures are down into the neutral zone. Volumes are bullish. The next target up is 219.58.

2-20-26: Closed at 228.30. Trade pressures are up. Volumes are bullish. The next target up is 234.80.

 

Cardinal Health, Inc.

Cardinal Health, Inc. (CAH) was a new addition to the High-Growth Investments Buy List in the January 2026 Monthly Issue. If you recall, Cardinal Health is a healthcare services company that provides pharmaceutical solutions and medical products to about 90% of U.S. hospitals, as well as to physician offices, clinics, pharmacies and patients at home by direct. The company also operates in 30 countries worldwide.

Due to strong demand for its solutions and products, Cardinal Health boasts that it is the 15th-highest revenue-generating company in the U.S. It achieved total revenue of $22.6 billion in fiscal year 2025.

Cardinal Health is scheduled to release results for its second quarter in fiscal year 2026 on Thursday, February 5. And thanks to positive analyst revisions, Cardinal Health is likely gearing up for its fifth-straight quarterly earnings surprise.

Analysts expect second-quarter earnings to grow 22.8% year-over-year to $2.37 per share. That’s also up from estimates of $2.22 per share just three months ago. Second-quarter revenue is forecast to rise 18% year-over-year to $65.24 billion. CAH is a Conservative buy below $229.

SOM Technicals:

1-24-26: Closed at 208.33. Trade pressures are up. Volumes are bearish. The next target up is 215.

1-30-26: Closed at 214.88. Trade pressures are up. Volumes are bullish. The next target up is 216.

2-7-26: Closed at 226.32. Trade pressures are up into the neutral zone. Volumes are neutral. The next target up is 236.34.

2-14-26: Closed at 220.79. Trade pressures are down. Volumes are bearish. The next target down is 211.84.

2-20-26: Closed at 224.44. Trade pressures are down. Volumes are bearish. The next target up is 226.46.

 

Elbit Systems Ltd.

Elbit Systems Ltd. (ESLT) is an Israeli defense contractor. It offers a wide range of systems and products – air, land and naval – for defense, homeland security and commercial applications. Demand for its systems and products has driven its backlog to a robust $25.2 billion, primarily due to increased European orders.

The reality is that Israel is a major exporter of weapons, with sales breaking records for four consecutive years. The country’s weapons sales rose to nearly $14.8 billion in 2024, compared to $13 billion in 2023. And that’s up from sales between $7.5 billion and $8.5 billion between 2018 and 2020.

Given Elbit Systems’ most recent quarterly results and its forecasted sales, it’s clear that the company’s systems and products are also in demand globally. Third-quarter revenue rose 11.9% year-over-year to $1.92 billion, and earnings increased 51.5% year-over-year to $3.35 per share.

For the fourth quarter, the current consensus estimate calls for earnings of $3.04 per share on $2.09 billion in revenue. That’s up from earnings of $2.66 per share and revenue of $1.93 billion in the fourth quarter of 2024. For fiscal year 2025, Elbit Systems is also expected to achieve 15.5% annual revenue growth and 39.5% annual earnings growth. ESLT is a Conservative buy below $765.

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 target up 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. The next 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. resistance 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.

11-22-25: Closed at 473.71. Trade pressures are down. Volumes are bearish. The next target down is 462.11.

11-26-25: Closed at 469.79. Trade pressures are rising into the neutral zone. Volumes are neutral. The next target up is 473.88.

12-6-25: Closed at 483.00. Trade pressures are up but turning down. Volumes are bullish. The next target up is 499.01.

12-12-25: Closed at 515.24. Trade pressures are up. Volumes are bullish. The next target up is 527.19.

12-20-25: Closed at 554.25. Trade pressures are up. Volumes are bullish. The next target up is 630.35.

12-26-25: Closed at 570.15. Trade pressures are up but declining. Volumes are neutral. The next target down is 551.34.

1-2-26: Closed at 593.00. Trade pressures are up  but declining. Volumes are bullish. The next target up is 630.35.

1-10-26: Closed at 687.01. Trade pressures are up. Volumes are bullish. The next target up is 692.60.

1-24-26: Closed at 718.99. Trade pressures are down into the neutral zone. Volumes are bullish. The next target down is 694.25.

1-30-26: Closed at 702.57. Trade pressures are down. Volumes are bearish. The next target down is 663.68.

2-7-26: Closed at 665.00. Trade pressures are down. Volumes are bullish. The next target up is 719.17.

2-14-26: Closed at 676.43. Trade pressures are up into the neutral zone. Volumes are bearish. The next target down is 616.10.

2-20-26: Closed at 726.98. Trade pressures are up. Volumes are bullish. The next target up is 792.00.

 

Kinross Gold Corporation

Kinross Gold Corporation (KGC) is one of our gold mining companies. Based primarily in Canada, Kinross Gold operates the Great Bear project in Red Lake, Ontario, but it also has three gold mines and a development project in the U.S. In addition, the company has a mine in Brazil, a mine and development project in Chile and a mine in Mauritania.

Interestingly, Kinross Gold is looking to expand its operations in the U.S. The company aims to extend mine life and optimize costs at the Round Mountain Phase X and Bald Mountain Redbird 2 in Nevada, as well as at the Kettle River-Curlew project in Washington. The three projects are anticipated to add considerably to Kinross Gold’s gold production in the coming years.

And increased gold production and higher gold prices should continue to add to the company’s top and bottom lines. Fourth-quarter earnings are expected to surge 210.5% year-over-year to $0.59 per share, while revenue is forecast to increase 44.7% year-over-year to $2.05 billion. Earnings estimates have also been revised 34% higher in the past three months, which bodes well for a fourth-straight quarterly earnings surprise.

For fiscal year 2025, Kinross Gold is anticipated to report 154.4% annual earnings growth and 37.2% annual revenue growth. The company is scheduled its fourth-quarter and fiscal year 2025 earnings announcement for February 18. KGC is a Conservative buy below $36.

SOM Technicals:

8-28-25: Closed at 20.90. Trade pressures are up. Volum es are bullish. the next target up is 24.54.

9-16-25: Closed at 22.89. Trade pressures are up but declining. Volumes are bullish. The next target down is 21.83.

9-20-25: Closed at 23.55. Trade pressures are down but rising. The next target up is 24.54.

11-22-25: Closed at 24.39. Trade pressures are down. Volumes are bearish. The next target down is 22.53.

11-26-25: Closed at 28.11. Trade pressures are up. Volumes are bullish. The next target up is 28.81.

12-6-25: Closed at 27.40. Trade pressures are down. Volumes are bullish. The next target down is 25.90.

12-12-25: Closed at 27.92. Trade pressures are up. Volumes are bearish. The next target down is 26.75.

12-20-25: Closed at 28.81. Trade pressures are up. Volumes are bullish. The next target up is 29.07.

12-26-25: Closed at 29.7. Trade pressures are up. Volumes are neutral. the next target up is 30.73.

1-2-26: Closed at 28.29. Trade pressures are down. Volumes are bullish. The next target up is 29.22.

1-10-26: Closed at 31.32. Trade pressures are up. Volumes are bullish. The next target up is 31.49.

1-24-26: Closed at 37.43. Trade pressures are up. Volumes are bullish. The next target up is 37.77.

1-30-26: Closed at 32.40. Trade pressures are down. Volumes are bearish. The next target down is 30.26.

2-7-26: Closed at 32.05. Trade pressures are down but rising. Volumes are bearish. The next target down is 30.73.

2-14-26: Closed at 34.43. Trade pressures are down. Volumes are bearish.  The next target up is 35.05.

2-20-26: Closed at 33.45. Trade pressures are down. Volumes are bullish. The next target down is 30.34.

 

Seagate Technology Holdings Plc

Seagate Technology Holdings Plc (STX) develops AI-capable hard drives better than any other company. As a result, it’s a global leader in storage, providing more than four zettabytes of capacity that covers the cloud, the edge and endpoint devices. And thanks to ongoing demand for its hard drives, especially from data centers, Seagate Technology exceeded analysts’ earnings and revenue expectations for its second quarter in fiscal year 2026.

Second-quarter revenue rose 21.5% year-over-year to $2.83 billion, beating estimates of $2.76 billion. Earnings increased 53.2% year-over-year to $3.11 per share. Analysts expected earnings of $2.84 per share, so Seagate Technology posted a 9.5% earnings surprise.

Looking ahead to the third quarter in fiscal year 2026, Seagate Technology expects total revenue of about $2.9 billion and earnings per share between $3.20 and $3.60. That represents 34.3% year-over-year revenue growth and 68.4% to 89.5% year-over-year earnings growth. STX is a Moderately Aggressive buy below $464.

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.

S&P 500 Futures

Market Summary:

Copper in a new move up after the pullback to 5.70. Gold and Silver up, both at ATH’s.

Crude is a long, moving higher after the pullback.  Natural Gas stages a complete reversal higher.

The US 30yr Treasury in a new move up from 114-24.
The 10yr yields continue above 4.20%.  The expected oversold level for the 10yr yield rises to 4.16%

The US Dollar sells off on the “Sell America ” trade.

_________________

S&P 500 Futures   #ESH26

Monthly –Monthly bar showing indecision. Trade pressures remain up. Volumes closed the month of December as bullish.  The 7036 price remains the adjusted high.  7208 is the next target up. A close below 6725 would confirm any weekly move lower.

Weekly – The weekly bar breaks back above the trendline resistance.  Trade pressures are down into the neutral zone. Volumes are bullish, and on rising volumes.  Price above the prior high pivot at 7013. The support trendline is at 6715. A close below 6685 would confirm any daily move lower.

Daily – Long. Tested the 6818 support and now in a new move up from 6881. Trade pressures are up. Volumes are bullish.

The next target up is 6984. [Watch for a lower high at 6984.] The expected overbought level rises to 7039.

A close below 6922 would signal lower. The expected oversold level declines to 6825.

[OB/OS trend is widening.] Increasing volatility.

[Set 6922 as the long SL.]

[1-25-26: Stopped out at the 6922 SL in the overnight session. New SL at 6955.]

__________________

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 $122,000.
The Year-to-Date portfolio performance is up 22%.

The S&P 500 YTD return is 0.99%

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXH26

Weekly –  In the November 2025 uptrend.  Trade pressures are up, but declining. Volumes are bearish.

Daily – Short. In the new move down from 98.85 on 1/19/26. Trade pressures are down.  Volumes remain bearish.

The next target down is 97.05. The expected oversold levels decline  to 98.03  95.41.

A close above 98.72  97.64 would signal higher.  The expected overbought level decline to 98.99.

[The OB/OS channel is declining.]

 

US30YR T-BOND_ USH26

Weekly – In the April 2025 uptrend, still testing the support at the October 2024 trendline.  Trade pressures are up into the neutral zone.  Volumes are now bullish.

Daily  – Flat. In the new move up from 114-24 on 1/21/26.  Trade pressures are up.  Volumes are neutral.

The next target up is 116-13. Overbought levels decline to 115-27.

A close below 114-26 would signal lower.  Oversold levels decline to 113-28.

[1-24-26: The OB/OS channel is declining.]

[1-24-26: look to buy dips to 115-05 area.]

 

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLH26

Weekly – In the December 2025 downtrend, but rising in to the resistance. Trade pressures remain up. Volumes remain bullish.

Daily – Long. In the move up from 58.62 on 1/9/26. Testing the 6/23/25 downward upper median line. Trade pressures are up.  Volumes are bullish.

The next target up is 62.20. The expected overbought levels rise to 62.11.

A close below 58.50 would signal lower. The expected oversold level rises to 58.42.

[OB/OS channel is rising.]

(One of the larger components measuring inflation; and the Hedgeye inflation nowcast expects lower inflation in the 1st quarter 2026.)

[1-24-26: The SL at 58.50 remains.]
[1-26-26: Raise the SL to 59.87.]
[1-29-26: Raise the SL to 65.42.] [1-29-26: Stopped out in the morning session.]

 

NAT GAS_ NGH26

Weekly – In the new January 2025 uptrend, reversing the downtrend. Trade pressures are now up.  Volumes are now bullish.

Daily – Flat, ripped higher for the week, rising to 4.18 high after testing the 1.53 lows. Trade pressures are up.  Volumes are now neutral.

The next target up is 3.83. The expected overbought level rises to 5.17.

A close below 3.25 would signal lower. The expected oversold level rises to 3.77.

[OB/OS channel is rising.]

[1-26-26: Use 3.66 as the SL.]

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGH26

Weekly – In the October 2025 uptrend, retesting the high. Trade pressures are up. Volumes are bullish .

Daily – Long. In the move up after breaking up from the move down at 5.82. Trade pressures are down.  Volumes closed bearish.

The nxt target up is 6.09. The expected overbought levels rise to 6.16.

A close below 5.74 would signal lower. Tested this level but did not close below. The expected oversold levels stay at 5.72.

[OB/OS channel is rising.]

[1-24-26: Set a long SL at 5.74.]
[1-26-26: Raise the SL to 5.89.]
[1-29-26: Raise the SL to 6.22.] [1-29-26: Stopped out at 6.22.]

 

GOLD_ GCG26

Weekly – In the December 2023 uptrend intact with new highs at 4991.  Trade pressures remain up.  Volumes remain bullish.

Daily – Long. In the new move up from 4618 with the BO on 1/19.  Trade pressures are up.  Volumes remain bullish.

The next target up is 4996.  The expected overbought level rises to 4967.

A close below 4959 would signal lower.  The expected oversold level rises to 4696.

[OB/OS channel is rising.]

[1-24-26: Set the SL at 4959.]

[1-26-26: Raise the SL to 4998.]

[1-29-26:Take profits at  5390.]

 

SILVER_ SIH26

Weekly – In the December 2023 uptrend, and again, new All Time Highs. Trade pressures remain up.  Volumes remain bullish.

Daily – Flat. in a new move up from 95.15 on 1/22/26. Above the OB levels. Trade pressures are up.  Volumes remain bullish.

New high at 117.70. Overbought levels rise to 99.50.

A close below 84.84 would signal lower, which is below –>. The oversold levels rise to 94.30

[OB/OS channel is rising.]

[1-24-26: Close any longs. Expect selling.]

S&P 500 Futures

Market Summary:

Copper sells off from the 6.15 highs, sustains weekly selling volumes. Gold and Silver off highs as well and consolidating in a bull flag.

Crude is a long, but in a pullback.  Natural Gas continues lower.

The US 30yr Treasury breakout touches the mid 116’s, then sells off.
The 10yr yields trade above 4.20%.  The expected oversold level for the 10yr yield rises to 4.12%

The US Dollar trading still higher.

_________________

S&P 500 Futures   #ESH26

Monthly –Monthly bar off new highs. Trade pressures remain up. Volumes closed the month of December as bullish.  The 7036 price is the new adjusted high.  A close below 6725 would confirm any weekly move lower.

Weekly – The weekly bar breaks back above the trendline resistance.  Trade pressures are down into the neutral zone. Volumes are bullish, and on rising volumes.  Price above the prior high pivot at 7013. The support trendline is at 6842. A close below 6706 would confirm any daily move lower.

Daily – Long. After the rally to 7036, in the retracement down.  Trade pressures are down. Volumes are bearish.

The next target up is 7087. The expected overbought level rises to 6977.

A close below 6962 would signal lower. Set 6961 as the long SL. The expected oversold level rises to 6889.

[OB/OS trend is rising.]

__________________

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 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 $114,000.
The Year-to-Date portfolio performance is up 14%.

The S&P 500 YTD return is 1.45%

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXH26

Weekly –  In the November 2025 uptrend.  Trade pressures are up. Volumes are bullish.

Daily – Long. In the second leg up from 98.27 on 1/6/26. Trade pressures remain up.  Volumes are now bearish.

The next target up is 99.55.  The expected overbought level rises to 99.60.

A close below 98.36 would signal lower. The expected oversold levels rise to 98.50.

[The OB/OS channel is rising.]

 

US30YR T-BOND_ USH26

Weekly – In the April 2025 uptrend, still back testing the October 2024 trendline.  Trade pressures are up into the neutral zone.  Volumes are now bearish.

Daily  – Long. In the move up from 115-22 on 1/9/26.  In a pullback from 115-31. Trade pressures are down.  Volumes are bearish.

The next target up is 116-13. Overbought levels rise to 117-05.

A close below 114-26 would signal lower.  Oversold levels rise to 115-06.

[1-10-26: The OB/OS channel is rising.]

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLH26

Weekly – In the December 2025 downtrend. Trade pressures are now up. Volumes are now bullish.

Daily – Long. In the move up from 58.62 on 1/9/26. Breaks above the June 25 downtrend line. Trade pressures are up.  Volumes are bullish.

The next target up is 61.75. The expected overbought levels rise to 62.01.

A close below 57.84 would signal lower. The expected oversold level rises to 55.98.

[1-16-26: at the 59.11 pull back target. The SL at 58.50 remains.]

[OB/OS channel is rising.]

(One of the larger components measuring inflation; and the Hedgeye inflation nowcast expects lower inflation in the 1st quarter 2026.)

 

NAT GAS_ NGG26

Weekly – In the new January 2025 downtrend; breaking support at 3.16. Trade pressures remain down.  Volumes remain bearish.

Daily – Flat, In the second leg down from 3.75 on 12/31. Touched the 3.00 level. Trade pressures remain down.  Volumes remain bearish.

The next target down is 3.00. The expected oversold level declines to 3.00.

A close above 3.55 would signal higher. The expected overbought level declines to 3.55.

[OB/OS channel is declining.]