March S&P E-mini Futures: Today's day session range estimate is 1348-1360. 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: A drop to 475 or so is likely. After that AAPL should head for the next resistance at 545.
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