Spiders - March S&P E-mini Futures: I think the market is on its way to 935 and then to 1000. Support today stands at 860.
QQQ: The Q’s are headed for 34.
TLT - March Bonds: The market has reached resistance at 135 and should now begin a sustained downtrend.
March 10 Year Notes: The notes didn’t make it to 128 but I think this market has begun a sustained downtrend.
Euro-US Dollar: The euro has reached resistance at 135 and will probably be trading in the 122-135 range for a while.
Dollar-Yen: I think the 87.50 level will hold and that a rally to 100.00 is imminent.
XLE - OIH - USO – January Crude: A rally into the 55-60 zone is underway. I think the 40.00 support level will hold for at least several months if not longer.
GLD - February Gold: Gold should hold below 850 and then resume its move down into the 550-600 range.
SLV - March Silver: Resistance above the market stands at 1085. Next downside target is 650.
Google: Google has reached the 250-60 target zone which should be the end of its drop from 747.
6 comments:
Hi Carl,
I went long at 870.50 just now, but I don't like it. This is probably good. I need a close today above 915.70 for a confirmed buy signal. We'll need a miracle, but I'm long now anyhow.
Thanks.
Kindest regards,
PM
Hi Carl,
I just added one more long at 858.00. This gives me two with an average entry price of 864.25.
Thanks.
Kindest regards,
PM
Hi Mr.F.
Regardless of action today, and possibly tomorrow, this market is still on it's track to 1,000, I reckon...
It seems always bumpy making a bottom, even a short term bottom...
there might be some more sharp drop left to shake out, but it shouldn't matter...
If the market shoots higher before the FED announcement, then I might get a little nervous...
Happy trading~
bonds are about to break through 136
Strange, your stock list is password-protected once again.
Narayana:
I have no idea what's going on, but it should be fixed now. Thanks.
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