March S&P E-mini Futures: Today's range estimate for the March contract is 1103-1116. 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: The market has broken decisively below support at 147.50. I think this means that a drop to 140 is underway.
Dollar-Yen: The drop below the 87.00 level is starting to look like a false breakout. A move above 91 will mean that continuation up to 100 is likely.
January Crude: I think that crude is headed down to 50.00. Resistance is still at 75.00.
GLD – February Gold: Gold continues to sag below what I think should be support. Still, I don't yet see a break in the rhythm of the up trend so I still think gold has more to go on the upside. Meantime support is now at 1100.
SLV - March Silver: The 1900 target has been reached. Still no sign of a top so continuation upward to 2100 is likely. Support is at 1675.
Google: Support is now at 535. This step upward will carry to 610.