March S&P E-mini Futures: Today's day session range estimate is 1215-1230. The trend is upward and a rally from the November 25 low at 1147.50 which matches the size of the October rally would bring the ES to 1370. The drop from 1266 will probably end near 1175, although a close today above 1223 would mean that it instead ended at the 1198 low point yesterday.
QQQ: Now headed for 63.
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 has started a move to 4.50%.
Euro-US Dollar: The Euro has dropped below its October 4 low. Next support is at 1.2820. Resistance above the market is at 1.3130 .
Dollar-Yen: The market is headed down to 70.00. Resistance above the market is at 80.00.
February Crude: An extended upswing is underway. It will probably take crude to 114 or so.
GLD – February Gold: I think gold will probably drop to 1510 or so and then begin a move to 2100.
SLV - March Silver: I think silver is headed for 50.00.
Google: Google is now headed for its 2007 top near 750.
Apple: Upside target is now 475.