Market Summary:

Copper at the OB level.  Gold rallies but above the OB levels. Silver rallies also but also above the expected OB levels..

Crude breaks out of resistance line on jobs (inflation) numbers, also above OB.  Natural Gas rallies with the same inflation numbers.

The US 30yr Treasury Bond at target lows. The 10yr yields rise to 4.76%, near the rising 4.74% overbought expectations.

The US Dollar did back test the breakout and is now higher and at OB levels.

_________________

S&P 500 Futures   #ESH25

Monthly –Monthly bar closes lower. Trade pressures remain up. Volumes closed the month of December as bullish.  The 6181 price remains the high. The next target up is 6633.  The break below 5870, now confirms the weekly move lower. The next target down is 5523.

Weekly – The weekly is testing those retracement lows.  Trade pressures are down. Volumes remain bearish.  The 6181 upside target was met.  The close below 6040 has confirmed the daily move lower. The next target down is 5834 and was again almost met.

Daily – Flat. No follow thru of the prior Friday’s rally. Trade pressures remain down.  Volumes remain bearish.
The next target down remains 5809.
Need a close above the trend at 5916, with a trade pressure shift, signals higher. Then the next target up would be 6124.

The expected oversold level declines to 5850.
The expected overbought level declines to 6054.

[1-13-25: Long. Reached the 5809 downside target and rallied to 5917. Now Long from 5850. SL at 5830 raising to BE asap.]

[1-15-25: Near OB levels. Raise SL to 5965.][1-15-25: Noonish, and stopped out.]

___________________

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.
Up 42% for the 2024 Year.

Portfolio stock values for 2025. 
The portfolio value rises at $104,000.
The Year-to-Date portfolio performance is  up 4%.

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