Market Summary:
Copper rallied to OB. Gold showing lower in a bear flag. Silver moves sharply higher.
Crude grinding higher. Natural Gas now moving sideways in a wide range – choppy.
The US 30yr Treasury long stopped out. The 10yr yields remain in the 4.50’s.
The US Dollar is basing near two year lows.
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S&P 500 Futures #ESM25
Monthly –Monthly bar continues the move up past prior month high. Trade pressures remain in the neutral zone. Volumes closed the month of May as neutral; on lower volumes. The 6233 price remains the adjusted high. The next target up remains 6196. A close below 5802 would confirm any weekly move lower.
Weekly – The weekly bar is above the October median line which is acting as support for now. Trade pressures are up. Volumes remain bullish but declining. The next target up is 6197. A close below 5694 would confirm any daily move lower.
Daily – Long. In the new move up from 5972 on 6/6. Trade pressures are up. Volumes finished the week as bullish.
The next target up is 6189 . The expected overbought level rises to 6025.
A close below 5770 would signal lower. The expected oversold level rises to 5806.
[6-7-25: Set the SL at 5886.]
[6-9-25: Raise the SL to 5979.]
[6-11-25: Raise the SL to 6013.] [stopped out on the pm session.]
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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 up for the week, now at $128,000.
The Year-to-Date portfolio performance is up 28%.