Market Summary:

Copper attempted higher, still retesting the 4.00 support.  Gold fails to hold support. Silver lower as well.

Crude at the upper bound of the October channel.  Natural Gas in a new move up.

The US 30yr Treasury Bond at target lows. The 10yr yields rise to 4.59%, near the 4.61% overbought expectations.

The US Dollar now neutral.

_________________

S&P 500 Futures   #ESH25

Monthly –Monthly bar closes lower. Trade pressures remain up. Volumes closed the month of November as bullish.  The 6161 price was the high. The next target up is 6602.  A break below 5870 would confirm any weekly move lower. The next target down then would be 5523.

Weekly – The weekly has a lower close.  Trade pressures remain up but declining. Volumes are bearish.  The 6127 upside target was met.  The close below 6040 has confirmed the daily move lower. The next target down is 5834.

Daily – Short. Sharp drop through the short entry at 6030. Trade pressures are up but declining sharply to the neutral zone.  Volumes are bearish.
The next target down is 5809.
A close above 6085 would signal higher and then the next target up would be 6330.
The expected oversold level declines to 5802.
The expected overbought level rises to 6153.

[set the SL to 6030.]

[12-24-24: stopped out at the short entry, 6030.]
___________________

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.

These Navellier Top 5 portfolio stocks closed:
down 35% for the 2022 Year.
up 17% for the 2023 Year.

Portfolio stock values for 2024. 
The portfolio value declines to $142,000.
The Year-to-Date portfolio performance is  up 42%.

Guidewire Software (GWRE) will be replaced with Carpenter Technology (CRS) on the next business day.