March S&P E-mini Futures: Today’s range estimate is again 1834-1844. The ES dropped nearly 12 points overnight. I expect the market to try for Tuesday’s 1846.50 high today but if instead it starts spending time below 1834 I will conclude a drop of 25 points or so is underway. Short term fluctuations aside the ES is headed for 1900 over the next several weeks.
QQQ: Upside target was 88 and has been reached.
TNX (ten year note yield): I think the market will move to 3.50% over the next few months.
Euro-US Dollar: A New York close below 1.36 would mean that the Euro is headed for 1.33. Failing such a close I will stick with my view that it is headed for 1.40-1.42.
Dollar-Yen: The dollar-yen is headed for 107.00.
February Crude: I think crude is headed back to 86 and possibly lower than that.
February Gold: The market is headed to 1030.
March Silver: The market is headed for 13.00.
Google: Upside target is 1150 and support beneath the market stands at 1030.
Apple: AAPL is now probably headed for 600-610.