Market Summary:
Copper new long at 5.76. Gold and Silver trade pressures are rising. GVX declining, allowing risk.
Crude consolidating after 20 dollar move down. Natural Gas in channel with a negative bias.
The US 30yr Treasury rally after testing the lower boundary of the channel.
The 10yr yields decline to 4.30%. The expected overbought level for the 10yr yield declines to 4.45%.
The US Dollar – new down move.
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S&P 500 Futures #ESM26
Monthly –Monthly bar recovers and is back above the October ’22 Median line. Trade pressures remain up, but declining. Volumes closed the month of March as bearish. The 7092 price remains the adjusted high. The close back above the 6782 signals higher. A close below 6507 would signal a failure of the move up.
Weekly – The weekly bar breaks above the Feb 27 downtrend line. Trade pressures remain down, but rising. Volumes are bullish. A close above 6863 would signal higher. A close below 6476 would confirm any new daily move lower.
Daily – Long. In the move up from the 6467 long entry on 3/31. Trade pressures are up. Volumes are bullish.
The next target up is 6895, which is resistance and is also above the OB level. The expected overbought level rises to 6888.
A close below 6831 would signal lower. The expected oversold level declines to 6340.
[OB/OS trend is widening.]
The VIX closes near 19 indicating market is investible and choppy.
[4-15-26: Set SL at 6976.]
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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 reset to start at $100,000 for the 2026 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.
Up 48% for the 2025 Year
Portfolio stock values for 2026.
The portfolio value much higher for the week, at $136,000.
The Year-to-Date portfolio performance is up 36%.
The S&P 500 YTD return is 2.86%