Market Summary:

Copper finding support at the lower median line.  Gold rallied hard off the lower channel bound then gives it all back.  Silver fails at the resistance line.

The Crude at third attempt at a long entry.  Natural gas turns down hard in the downtrend.

The US 30yr Treasury Bond in retracement.  10yr rates are rising.

The US Dollar futures break thru the trendline and rally hard.

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S&P 500 Futures   #ESH24

Monthly – January turns higher. Trade pressures remain in the neutral zone. Volumes closed the month of December as bullish.  The next target up is 5173.  A close below 4562 would confirm any weekly move lower.

Weekly – The weekly turns down off the 4841 highs.  Trade pressures remain up.  Volumes remain neutral.  The next target up is 4926.  A close below 4741 would confirm any daily move lower.

Daily – Flat, In the new move up after the close above 4859 into new highs.  Trade pressures are up.  Volumes remain bullish.  The next target up is 4926.  The overbought level rises to 4815; still well below the next target up; so, expect further retracement.  A close below 4746 would signal lower. The expected oversold level rises to 4701.

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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.  The Navellier portfolio stocks closed up 17% for the 2023 Year.

Portfolio stock values for 2024 closed at approximately $102,000. The Year-to-Date portfolio performance closed up 2%.

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