December S&P Futures: The market is stalling just shy of the 1418-20 resistance zone. I think it will drop to 1405 or so before the advance resumes.
March Bonds: Support stands at 113-30 and from there the market should rally to 115-16. However, the next 5 points in this market will be downward from here.
March 10 Year Notes: The notes should rally to 110-16. Support stands at 109-00.
Euro-US Dollar: I still think that a move to 116 and lower is imminent.
Dollar-Yen: I think a move to 121 and ultimately to 130 has begun.
January Crude: Crude has a good chance of extending its rally to 65.00. Support is still at 61.50.
February Gold: The upside target is 662. Support stands at 633.
March Silver: I think the market is headed for 1450. Meantime support is at 1350.
Google: Last January’s top at 475 is now support and I expect Google to resume its rally to 564.
1 comment:
Where will the NEXT advance resume to?
Thx!
Great Blog!
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