Market Summary:
Copper at the 200 day MA resistance. Gold rallies but above the OB levels. Silver rallies, but stopped at the downtrend line from October.
Crude in retracement after (inflation) rally. Natural Gas rally also in retracement.
The US 30yr Treasury Bond at target lows. The 10yr yields decline to 4.60%, near the now declining 4.82% overbought expectations.
The US Dollar is higher and at OB levels.
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S&P 500 Futures #ESH25
Monthly –Monthly bar trading inside the December bar. 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 rally back above 5870, negates confirmation of the weekly move lower. The next target down is remains 5523.
Weekly – The weekly is testing those retracement lows. Trade pressures remain down. Volumes are now bullish. The 5834 downside target was met The close above the prior week’s high may presage a new move up.
Daily – Flat. The trendline from the 6181 high sets up a bull flag. Trade pressures are now up. Volumes remain bullish.
In the move up from the 5809 low. The confirmation of the break above the December trendline signals a long entry at 6018. Then the next target up would be 6136. Constrained by the OB/OS levels. Wait for a move to the OS to enter long.
The expected oversold level declines to 5828.
The expected overbought level declines to 6018.
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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.
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 $110,000.
The Year-to-Date portfolio performance is up 10%.
[The author may be long or short any of these issues mentioned],