Market Summary:

Copper breaks above the 200 day MA.  Gold rallies to the upper median line, expect consolidation.  Silver continues the sharp move up after breaking the 200 day MA.

The Crude consolidating at the lower median line, expect support. Natural gas downtrend accelerating.

The US 30yr Treasury Bond higher. Are lower rates signaling recession? Watch crude (lower) for that confirmation.

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

_________________

S&P 500 Futures #ESZ23 [Contract rolls soon]

Monthly – November breaks above the downward sloping upper median line to signal higher. Trade pressures remain down into the neutral zone. Volumes closed the month of November as neutral.  The next target down remains 4025. This November close above the trend line confirms the weekly move higher. Expect consolidation and a back-test (4370) of the breakout. The next target up is 5170.

Weekly – The weekly continues the move up off the 4310 long entry on 11/03 and has closed above the 4586 upside target. Trade pressures are now up.  Volumes have closed the week as bullish again. The next target up is the upper median line at 4649.

Daily – Flat, the move up after the break above the 4426 long entry on 11/10 continues.  Took profits ahead of the rollover.  Trade pressures are up.  Volumes remain bullish.  Friday closed just above the September and October highs at 4600.75.  The next target up is 4643.  A close below 4491 would signal lower.  Multiple resistance levels just higher.  Expect consolidation and retracement.

___________________

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 $107,000. The Year-to-Date portfolio performance is now up 7%.

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