Market Summary:
Copper retracing from new contract highs. Gold to ATH’s, now retracing. Silver retracing, support at 32.43.
Crude off the lows in a bear flag. Natural Gas in a move down toward mid three’s.
The US 30yr Treasury in consolidation. The 10yr yields consolidating around 4.25%.
The US Dollar in a month long base with Euro currencies stronger.
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S&P 500 Futures #ESM25
Monthly –Monthly bar closes holds at the lower median line from 10/23. Trade pressures remain up, but declining. Volumes closed the month of February as bullish. The 6181 price remains the high. The close below 5870 did confirm a weekly move lower. The next target down is 5419. A close above 6069 would confirm any weekly move higher.
Weekly – The weekly forms a bullish bar. Trade pressures remain down. Volumes are bullish. The close below 5911 confirmed the daily move lower. The next target down is 5324. A close above 5875 would confirm any daily move higher.
Daily – Flat. At the 5537 downside target. Trade pressures are just above the neutral zone. Volumes are bullish.
The next target down is 5606. The expected oversold level rises to 5501.
A close above 5744 would signal higher. The expected overbought level declines to 5740.
(Look for a bear market rally, usually volatile and short lived.)
[3-24-25: Long @ 5744. Raise the SL to 5795.]
[3-25-25: Pre-market AM. raise SL to 5816.] [& Stopped out in the opening hour.]
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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 $110,000.
The Year-to-Date portfolio performance is up 10%.
[The author may be long or short any of these issues mentioned],