Market Summary:
Copper in a new long. Gold is long,retesting prior highs and Silver long breaks out to new highs.
Crude lower in a bull flag. Natural Gas in move up, breakout to test prior high.
The US 30yr Treasury in new move up and out of the bull flag.
The 10yr yields trade back up above 4.00%. The expected oversold level for the 10yr yield declines to 3.97%
The US Dollar breaks out above 200 day MA and is now backtesting that breakout.
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S&P 500 Futures #ESZ25
Monthly –Monthly bar recovering from correction to 6525, off the 6953 highs. Trade pressures remain up. Volumes closed the month of November as bullish. The 6953 price remains the adjusted high. The next target down is 6643. A close below 6643 would confirm any weekly move lower.
Weekly – The weekly bar rallies hard; up off the 6525 low pivot. Trade pressures are up, but continuing to turn down. Volumes are neutral. The next target up is the upper median line parallel at 6907. A close below 6603 would confirm any daily move lower.
Daily – Long. In the move up from 6653 on 11/24. Trade pressures are up. Volumes are bullish.
The next target up is 6921. 6903 is resistance. The expected overbought level rises to 6804.
A close below 6792 would signal lower. The expected oversold level rises to 6508.
[OB/OS trend is rising.]
[Set the SL at 6804.]
[12-1-25: Stopped out at 6804 overnight.]
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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 sharply for the last week, to $150,000.
The Year-to-Date portfolio performance is up 50%.
The S&P 500 YTD return is up 15.03%