Guesstimates on March 1

March S&P E-mini Futures: Today's day session range estimate is 1358-1370. The rally from the November 25 low has carried the market up to its May 2011 top. The rally from the November 25 low has now matched the size of the October 2011 rally. So I think it is likely that the market's advance will pause near this resistance. A drop of 50-70 points is likely. But even so 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: On Friday the euro traded as high as 1.3485, just shy of my 1.3540 target. My best guess is that the rally from 1.2623 is nearly over.

Dollar-Yen: The yen has been trading a little above resistance at 80.00. If the market starts spending time above 81.00 I will conclude that it is headed for 90.00. Until then I am sticking with my 70.00 target.

March Crude: An extended upswing is underway. It will probably take crude to 114 or so.

GLD – April Gold: Gold should find support near 1680 after yesterday's $90 break. 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: AAPL reached 545 resistance yesterday. I think it will stall here temporarily. Support is at 518.