Market Summary:

Copper spikes and then drops.  Gold tests the highs and reverses.  Silver reaches resistance then sells off hard.

Crude reached the 82 target then sells off.  Natural gas continues the move down.

The US 30yr Treasury Bond has turned up again. The 10yr yields back off after the FED meetings.

The US Dollar futures break out of the bull flag and move higher.

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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 5297 upside target.  The next target up is 5439.  A close below 5012 would confirm any weekly move lower.

Weekly – The weekly closes again above the 3/8 week pivot high.  Trade pressures remain up.  Volumes remain bullish.  The next target up is 5893.  A close below 5116 would confirm any daily move lower.

Daily – Flat.  Trade pressures are down.  Volumes are now bearish.  The next target up is 5454.  The overbought level rises to 5274; still below the next target up.  The next target down is 5253. A close below 5182 would signal lower. The expected oversold level rises to 5137.

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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, after a volatile move down rallied to close the week lower, at approximately $137,000. The Year-to-Date portfolio performance closed up 37%.

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