March S&P E-mini Futures: The short term upside target for today is 865. Support stands at 840. Strength above 870 will mean that the market is headed up to 1000.
QQQ: Strength above 30.00 will mean that the Q’s are headed for 34.00.
March Bonds: The short term trend should carry the bonds to 130.
March 10 Year Notes: The short term trend has turned downward and should carry the notes to 120. .
Euro-US Dollar: The euro has dropped below support at 132 so it will probably continue down further to 127.
Dollar-Yen: I think the 87.50 level will hold and that a rally to 100.00 is underway.
February Crude: Crude has reached the 30-35 target zone. The next development should be a rally to the 50.00 level.
GLD - February Gold: The 885 level is still resistance and the market should resume its move down into the 550-600 range.
SLV - March Silver: I still think this is a bear market. Resistance above the market is at 1165. Next downside target is 650.
Google: Google has reached the 250-60 target zone which should be the end of its drop from 747.
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