March S&P E-mini Futures: Today’s range estimate is 2076-83. I think
the ES is headed for 2180-2220.
QQQ: The next step up should carry to 107.00
TNX (ten year note yield): I think that a move to and above the
3.00% level is underway.
Euro-US Dollar: The ECB quantitative easing program
coupled with the Fed’s termination of its own program is likely to drop to Euro
to 118-120.
Dollar-Yen: Support is at 116. The bull market has
much further to go over the coming months. 140-45 is my longer term target zone.
February Crude: The
longer term trend in oil prices is downward and should carry this market down close
to the 2008 low at 33.
February Gold: Gold
is headed below 1100 with 1040 my initial downside target and 850 a longer term
target. Resistance above the market is 1240.
March Silver: My bear market target remains 13.00. Resistance
is at 17.60.
Google: GOOGL is in a long
term down trend which is likely to carry it to 400 and possibly to 300. Resistance
above the market is at 540.
Apple: There
is no reason for thinking the bull market is over. Next stop is 125. Support
stands at 96.
Facebook: Upside target is 90. Support is 72.
Twitter: Support at 40 has been decisively broken. Twitter is in a
bear market which is likely to carry it to 20.
Alibaba: Next upside target is 135. Support is at 102-104.
Visa: Visa is headed up to 270.
