March S&P E-mini Futures: Today's range estimate for the March contract is 1098-1112. I think the e-minis are headed for 1140.
QQQ: Upside target is 47.50.
TYX (thirty year bond yield): I think this market has begun a move to 5.00%.
TNX (ten year note yield): I think that the market has begun a swing up to 4.30%.
Euro-US Dollar: I think the market is headed for 160. Meantime support is at 147.50.
Dollar-Yen: I think the dollar-yen is headed down to 80.
January Crude: I think that crude is headed down to 50.00. Resistance is still at 81.00.
GLD – February Gold: I still think gold has more to go on the upside. Meantime support is at 1130.
SLV - March Silver: The 1900 target has been reached. Still no sign of a top so continuation upward to 2100 is likely.
Google: Support is now at 535. This step upward will carry to 610.
2 comments:
As I said, I admire your conviction, but short and intermediate term indicators are overbought. However, if we close above S&P 1111.50 on the cash market, we go up. If we fail, this market has topped.
Also, I still have no idea how you believe in a Euro rally and an oil crash unless you believe for the first time in history there will be a divergence. Remember, oil is dollar denominated. A strong dollar means a weak Euro and hence, oil goes down as well.
Any thoughts on the USD-EUR? It looks like Euro has broken support. Of course, no closing price, yet.
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