March S&P E-mini Futures:
Today's
day session range estimate is 1467-82. I see 1488 as a conservative and 1546 as
an optimistic upside target.
QQQ: The Q's are now headed for 73.
TNX (ten year note
yield):
Bond yields are going much higher as the market begins to anticipate stronger
economic growth. The first upside yield target for the 10 year is 2.50%.
Euro-US Dollar: The ECB and the Fed
are following polices which will move the Euro to 1.40 or higher. Next upside target is 1.35. Support is at
1.2670.
Dollar-Yen: I think this bull
market has a lot further to go, probably to 96 or so.
February Crude: I think this market is headed for 70 and
lower. Resistance above the market is at 95.
February Gold: A repetition of the size of the last rally
would put gold up to 1715. Any more strength than that will mean that the
longer term trend has turned up.
March Silver: The last rally in
silver was about 350 points. A similar rally now would put the market up to
33.30. Any more strength than that will mean that the longer term trend has
turned upward.
Google: There are several old
tops in the 640-670 range which should be strong support for a move up to 800
and higher.
Apple: During the latest rally in the averages AAPL
has underperformed the market and GOOG. So far it has also been unable to climb
back above its 200 day moving average. Longer term downside target is now 350. Meantime
resistance above the market is at 565.
1 comment:
Carl is your target for Crude still 70 ?
Crude has is above 95, and has been going up in a straight line since 85
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