March S&P E-mini Futures: Today's day session range estimate is 1350-1363. 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 May 2011 top was at 1373. I expect the market to move well above the1400 level over the next few months.
QQQ: Resistance stands in the 63-65 zone and a break to 59.50 will probably be the next development.
TNX (ten year note yield): The 10 year yield has started a move to 2.50%.
Euro-US Dollar: The rally from 1.2623 should continue to 1.3540 before the market turns down once more. Meantime support is at 1.2940.
Dollar-Yen: The market is headed down to 70.00. Resistance above the market is at 80.00.
March Crude: An extended upswing is underway. It will probably take crude to 114 or so.
GLD – April Gold: A move to 2100 is underway.
SLV - March Silver: I think silver is headed for 50.00.
Google: Google is now headed for its 2007 top near 750.
Apple: Next resistance is at 545. Support is at 487.
Trading trends have been pretty consistent for the last several weeks. The worst
ReplyDeletethis market has been able to do is move sideways for a few days..
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