Market Summary:

The 10yr yields rise to 3.75%. Copper sharply higher.  Gold at new highs. Silver moves to new highs

Crude continues the pullback.  Natural higher again, but at new resistance.

The US 30yr Treasury Bond  poised for a new rally.

The US Dollar futures moving down in chop.

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S&P 500 Futures   #ESZ24

Monthly –Monthly bar close above the prior month high. Trade pressures remain up. Volumes closed the month of August as bullish.  The next target up 6019.  A break below 5488 would confirm any weekly move lower. The next target down then would be 5143.

Weekly – The weekly closes higher.  Trade pressures are now in the neutral zone. Volumes remain bullish.  Closed back above the prior long entry trigger at 5525. The next target up is 5890 (new highs).  A close below 5632 would confirm any daily move lower.

Daily – Flat. In the move up from 5581 on 9/11 and was stopped out at 5628 on 9/16.  Trade pressures are up.  Volumes are bullish.
The next target up is 5876. The expected overbought level has risen to 5792.
A close below  5761 would signal lower. The expected oversold level declines to 5609.

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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 2024 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.  The portfolio value remains at $141,000. The Year-to-Date portfolio performance is now up 41%.

Wingstop (WING) will be replaced by Targa Resources (TRGP) at the Monday open.

[The author may be long or short any of these issues mentioned]