March S&P E-mini Futures: Today's range estimate is 1242-1252. Support remains at 1225 and 1250 is strong resistance. I think a drop of 50-75 points is imminent. 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.
With the Feds serious about QE2 and oil dollar base why do you think oil will be $50 in Feb?
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