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.
1 comment:
Hello you say TLT turned downward and should carry to 130 but 130 is above the current price of 112 for TLT?
Thank you very much for clairfication..
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