March S&P E-mini Futures: The ES held support near 1927 overnight
and now is on its way back to 1968. If the market established itself above 1968
I will abandon my longer term bearish views.
QQQ: Support in the Q’s is
94-95 and resistance is at 104.
TNX (ten year note yield): While I still think that the market yield
will reach 3.00% during the next 12 months it is likely that a historical low
near 1.30% will be reached first.
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.
April Crude: The 24 level is long term support.
April Gold: a
new bull market has begun in gold. The market bounced off of 1260 resistance.
Support is at 1175 and the next upside target is 1315.
May 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.
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