Market Summary:

Copper meets the upside target and pulls back.  Gold continues the moves up. Silver in the move up, but lags gold.

The Crude breaks above the resistance line but little follow thru.  Natural gas testing the LML for a possible break down.

The US 30yr Treasury Bond continues the slow uptrend. The 10yr yields still declining.

The US Dollar futures breakdown out of the channel.

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S&P 500 Futures   #ESM24

Monthly – March continues the new highs. Trade pressures are up just out of the neutral zone. Volumes closed the month of February as bullish.  At the 5233 upside target.  The next target up is 5553.  A close below 4945 would confirm any weekly move lower.

Weekly – The weekly closes again above the prior week high, but forms a spinning top.  Trade pressures remain up.  Volumes remain bullish.  The next target up is 5390.  A close below 5127 would confirm any daily move lower.

Daily – Flat.  Trade pressures are up.  Volumes remain bullish.  The next target up is 5368.  The overbought level rises to 5145; still below the next target up.   A close below 5166 would signal lower. The expected oversold level rises to 5040 (rising oversold levels are bullish and can be interpreted as a “buy the dips” level.). Friday was a sell-off day with a early morning rally followed by steady selling. Semi conductors experienced the first real retracement.

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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 again much higher due to SMCI, at approximately $142,000. The Year-to-Date portfolio performance closed up 42%.

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