Spiders - March S&P E-mini Futures: The market is headed for 875. The 910 is resistance above the market today. I still think that that the 1000 level will be reached this month.
QQQ: The Q’s are headed for 34. The 29.50 level is support.
TLT - March Bonds: The short term trend has turned downward and 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 broke below support and will probably drop to 132 before a substantial rally can start.
Dollar-Yen: I think the 87.50 level will hold and that a rally to 100.00 is underway.
XLE - OIH - USO – February Crude: It now looks like the $20 rally is already underway. Support is at 40.00. Crude will probably reach 55.00 but I expect a drop to 30-35 to follow.
GLD - February Gold: The 885 level should prove to be resistance and the market should soon 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.
Hello you say TLT turned downward and should carry to 130 but 130 is above the current price of 112 for TLT?
ReplyDeleteThank you very much for clairfication..