Market Summary:
Copper consolidating below the 200 day MA resistance. Gold rallies, still above the OB levels. Silver rallies, but again stopped at the downtrend line from October.
Crude now a short. Natural Gas testing the support of the uptrend parallel.
The US 30yr Treasury Bond moves up off lows and is now forming a Bull Flag. The 10yr yields holding around the 4.60%.
The US Dollar is a short.
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S&P 500 Futures #ESH25
Monthly –Monthly bar contained within the Median line parallels from October 2022. Trade pressures remain up. Volumes closed the month of December as bullish. The 6181 price remains the high. The next target up is 6633. A close below 5870, would confirm a weekly move lower. The next target down would be 5523.
Weekly – The weekly is tested those retracement lows and rallied from there. Trade pressures remain down. Volumes remain bullish. The 5834 downside target was met The close above the prior week’s high of 6051 signaled a new move up.
Daily – Long. Moved up thru the trendline from the December 6181 high at 6028 on 1/21, then the price extension entry at 6028, and confirmed by the upper Median Line parallel on 1/23. Trade pressures are now up. Volumes remain bullish.
The next target up is 6171.
[Set the SL at 6097, the 2hr short entry.]
[1-26-25: Short from 6097, in the Sun nite session on China AI news. Set SL at BE, 6097.]
The expected oversold level rises to 5891.
The expected overbought level rises to 6151.
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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 $113,000.
The Year-to-Date portfolio performance is up 13%.
[The author may be long or short any of these issues mentioned],