Market Summary:
Copper spikes on mine accident. Gold consolidating at the highs. Silver continues the move much higher.
Crude breaks higher in the bear channel. Natural Gas fails, rally turns into consolidation.
The US 30yr Treasury up but seeing resisitance.
The 10yr yields rise to the 4.20’s. The expected oversold level for the 10yr yield moves down to 4.01%
The US Dollar rises on higher rates.
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S&P 500 Futures #ESZ25
Monthly –Monthly bar trading again above the prior month high. Trade pressures are up. Volumes closed the month of August as bullish. The 6756 price is the new adjusted high. The next target up is 6776. A close below 6446 would confirm any weekly move lower.
Weekly – The weekly bar continues to make new highs. Trade pressures are up. Volumes remain barely bullish. The next target up is 6776. A close below 6426 would confirm any daily move lower.
Daily – Flat. stopped out at 6675. Trade pressures are down. Volumes are bearish.
The next target up is 6776. The expected overbought level rises to 6699.
A close below 6641 would trigger a short entry. The expected oversold level rises to 6554.
[OB/OS trend is rising.]
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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 rebalanced to start 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 last week, to $149,000.
The Year-to-Date portfolio performance is up 49%.
At the next open Agnico Eagle (AEM), Kinross Gold (KGC), and Sea Ltd, (SE) will be replace by Amer Sports Inc. (AS), GE Veranova (GEV), and Robinhood (HOOD).
The S&P 500 YTD return is up 12.29%