March S&P E-mini Futures: Today's range estimate is 1241-1250. Short term support is now at 1237. I think a top building process is underway and will be followed by a drop of 50-75 points. Once it is complete the market will resume its advance to 1300.
QQQQ: Next upside target is at 55.00 and has nearly been reached.
TYX (thirty year bond yield): The 30 year bond yield is on its way to 5.40%.
TNX (ten year note yield): The 10 year yield is headed for 4.50%.
Euro-US Dollar: I think the euro will be supported near 130 and from there will move up to 145.00.
Dollar-Yen: A drop into the 78.00 - 79.00 range is underway and I think an important low will form in that zone.
February Crude: I still think crude oil is headed for 50.00.
GLD – February Gold: A move to new highs is underway. 1450 is the next upside target.
SLV - March Silver: A move to new highs is underway. 31.00 is the upside target.
Google: The 540 level is support. A move that should take GOOG above 700 is underway.
Apple: Should reach 350 (at least) before the bull market ends. Support is at 265.
2 comments:
crude to 50, eh ? I can believe it. It's too high as it is now.
Post a Comment