March S&P E-mini Futures: Today’s range estimate is 2000-30. I think
yesterday’s low will hold and that the ES will begin a move up to new bull
market highs.
QQQ: Support is at 99.00. The next step up should carry to 107.00
TNX (ten year note yield): I think the current flight to quality
will end near 1.80% and be followed by a move to and above the 3.00% level.
Euro-US Dollar: The Swiss news dropped the Euro a bit
below 1.16 this morning but I think that will be it on the downside for a
while. Longer term I expect the Euro to drop below 1.00.
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. Resistance above the market is at 55.
February Gold: Gold
broke above 1240 resistance and will probably reach 1275 soon. But I remain
long term bearish with 1040 my initial downside target and 850 a longer term
target.
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 now at 98.
Visa: Visa is headed up to 290. Support is at 250.
1 comment:
Hi Carl
If you have a moment take a look at
the $nya ( nyse cash index )
from june 2014 to today is there any mid section count to be seen ?
i realize you probably wont post yet take a look and see ? something tells me its there yet i dont see it .
also the nya from june to date looks like a text book corrective pattern to me . if im right we are in the latter stages of a narrowing triangle ( nya daily chart )this pattern looks similar to a dow monthly chart in the years 1971-1982 . for this to be true id like to see the nya head higher just above the jan 9 high yet hold below the dec 26th high and then come back down to somewhere near present levels .
that would complete the pattern as i see it . the mid section count as much as i dont see it i suspect i m missing something which is why i asked .
2 yr cycle low is due in mid feb .
a cycle low due jan 20 which i am begining to question .
march 20 another date .
Long term bullish and invested
short term waiting on pattern completion and sitting flat .
good luck
Joe
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