March S&P Futures: The late break Friday surprised me but I think the 1280 level is going to hold. Next upside target is 1304 and after that 1320.
June Bonds: Next downside target is 110-12. I think the market is on its way into the 107-108 zone.
June 10 Year Notes: Next downside target is 106-16. I think notes will reach 104 or so in a few months.
Cash Eurocurrency: The market should hold below 120.80. The next downside target is116.70. A drop to 113 and below is underway.
April Crude: Resistance is near 63.50 and the next swing should drop the market to 57.20. Crude is headed for 52.00 and eventually lower than that.
April Gold: Still holding resistance at 570 but silver’s upside breakout makes me think gold can move up to 590 before a big drop begins.
May Silver: Yesterday’s upside breakout on high volume means that the market is headed for 1095. Meantime support should be at 1000.
Google: GOOG will probably react to 370 or so but then rally to 405 and then to 495 in a couple of months.
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