Market Summary:

Copper rallies to the 200 day MA.  Gold rallies above the 200 day MA.  Silver in a second leg up off the 22.00 support.

The Crude looking lower at 75-76. Natural gas still looks down further to LML.

The US 30yr Treasury Bond signals a short at 115.

The US Dollar futures consolidating above the 200 day MA. Pressures rising.

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S&P 500 Futures #ESZ23

Monthly – November headed for a back-test at 4700 of the September 2023 breakdown. Trade pressures remain down into the neutral zone. Volumes closed the month of October as bearish. The next target down remains 4025. The September close below 4373 had confirmed the weekly move lower.

Weekly – The weekly continues the move up off the 4122 low and has closed above the 4497 upside target. Trade pressures have risen into the neutral zone. Volumes have closed the holiday week as bullish again. The next target up is 4586.

Daily – Long, after the break above the 4426 on 11/10. Trade pressures are up. Volume remains bullish. Now looking for a break above the September and October highs. The next target up is 4586. A close below 4442 would signal lower.

[11/20/23: Set SL at 4517.  NVDA reports Tues PM]

[11-26-23: Raise the SL to 4520.]

[11-27-23: Take profits here before the rollover.]

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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 2023 year.

The Navellier portfolio stocks closed down 35% for the 2022 Year.

Portfolio values closed at approximately $108,000. The Year-to-Date portfolio performance is now up 8%.

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