March S&P E-mini Futures: Today's range estimate is 1313-1329. I think the market is about to drop into the 1260-70 zone but a close on Friday above 1322.25 would negate this conclusion. In any case once this reaction is complete I expect to see new highs for the bull market.
QQQ: A drop to 54.00 or so has begun, but once it is complete I expect to see new bull market highs.
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 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.
April Crude: The 102 price target was hit last week. The market is still resilient. A move as high as 104 would mean that continuation up to 112 is likely.
GLD – April Gold: A move to new highs is underway. 1495 is the next upside target. Support is at 1315.
SLV - March Silver: Next upside target is 36.00. Support is at 25.50.
Google: The 540 level is support. A move that should take GOOG above 700 is underway.
Apple: Next upside target is 375. Support is at 310.
2 comments:
Carl, this market continues to show bullish force to the upside. We may not drop to 1260-1270. Have you revised your upside target and date for the target? Thanks.
Looks like the bull is back. Any follow up tomorrow and we are on our way to new highs next week.
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