March S&P E-mini Futures: Resistance is at 1840. I think the 1802.50
overnight low will not be broken by much if at all and that the next event will
be a rally to 1900 or so. Ultimately the ES is likely to drop into the 1700-50
zone.
QQQ: Support in the Q’s is
94-95 and another rally to 104 or so is likely.
TNX (ten year note yield): I think that the market yield is headed
up to 3.00%.
Euro-US Dollar: The
market is headed lower. Downside target is 0.96 over the coming months.
Dollar-Yen: Support at 116 has failed. It looks like a
new bear market has started which has bearish implications for world and for
Japanese stock markets. Next downside target is 108.
March Crude: A drop to 24 or so is likely.
April Gold: The
move above 1175 resistance leads me to believe that a new bull market has begun
in gold. Next upside target is 1260.
March Silver: I think the bear market in silver is over. Resistance
is at 16.25.
Google: Support is 675.
Apple: APPL
has dropped below 100 so 90 is the likely next stop.
Facebook: Resistance is now 120. Support is 95.
Twitter: Twitter is probably headed for 10.
Alibaba: Resistance is at 75 and next downside target is 57.
Visa: Support is at 70.
No comments:
Post a Comment