March S&P E-mini Futures: Today's range estimate is 1270-1281. A two or three day reaction to 1265 is underway. By the end of April this market will have traded at 1350.
QQQQ: I think the market will rally to 58.50.
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 soon begin a 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.
March Crude: I still think crude oil is headed for 50.00. The 91.50 level is strong resistance because it is the midpoint of the 2008 drop from 147.80 to 35.00.
GLD – February Gold: A move to new highs is underway. 1495 is the next upside target.
SLV - March Silver: The upside target at 31.00 has been reached but there is still no sign of a top. Next upside target is 36.00.
Google: The 540 level is support. A move that should take GOOG above 700 is underway.
Apple: Has just reached the 350 target. The break on the Jobs health news is of little long term significance and was quickly retraced. Next upside target is 375. Support is at 310.
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