Market Summary:
Copper holding above the 200 day MA. Gold crashes. Silver is still consolidating at the 200 day MA.
Crude meets resisitance, retraces. Natural Gas pulls back.
The US 30yr Treasury is lower, short covering. The 10yr yields rise to the 4.40’s.
The US Dollar is a long.
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S&P 500 Futures #ESM25
Monthly –Monthly bar continues to rally. closing well above the prior month high. Trade pressures remain in the neutral zone. Volumes closed the month of April as bullish. The 6283 price remains the adjusted high. The next target up is 6196. A close below 5769 would confirm any weekly move lower.
Weekly – The weekly bar moves higher and now breaks above the October median line. Trade pressures remain down, but rising. Volumes are bullish. The next target up is 6407. A close below 5646 would confirm any daily move lower.
Daily – Long. In a break out move up from 5815 on 5/12. Trade pressures are up. Volumes are bullish.
The next target up is 6051, with resistance at 5991. The expected overbought level rises to 5998.
A close below 5909 would signal lower. The expected oversold level rises to 5609.
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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 2025 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 is down for the week, now at $124,000.
The Year-to-Date portfolio performance is up 24%.