Market Summary:
Copper basing at the 4.55 target. Gold breaks down from the consolidation channel. Silver breaks the trend into a hard selloff.
Crude moves up off the September trendline support. Natural Gas remains in retracement.
The US 30yr Treasury Bond in a second move up off the 110 lows to 118; rollover. The 10yr yields decline, now below 4.25%.
The US Dollar is now a long.
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S&P 500 Futures #ESH25
Monthly –Monthly bar closes at the low end of the prior week’s range. Trade pressures remain up. Volumes closed the month of February 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 has another lower close. Trade pressures remain down. Volumes increase but remain bullish. A close below 5905 would confirm any daily move lower.
Daily – Long; Long from 5905 in the PM friday the 28th. Stopped out of the move down from 6090 at 6047. Trade pressures remain down. Volumes are now bullish.
The next target up is 5990. The expected overbought level declines to 6154.
The next target down is 5781. The expected oversold level declines to 5824.
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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 up to $114,000.
The Year-to-Date portfolio performance is up 114%.
Howmet Aerospace (HWM) and United Airlines (UAL) will be replaced by Agnico Eagle (AEM) and Argenx (ARGX) at the next open.
[The author may be long or short any of these issues mentioned],