March S&P E-mini Futures: The
ES has nearly reached 2790 resistance. Support is 2747-54. I think that the ES will move to 3100 later
this year. Before new bull market highs occur there will probably be one more
big drop, probably of 100 points or so.
QQQ: Upside target of 170
has been reached. Support now is at 164 and next upside target is 180.
TNX (ten year note yield): The 10 year yield has nearly reached its
next upside target at 2.95%. Support is at 2.70%. I still think this is good
news for the stock market because it means that confidence in future growth is
being restored. This in turn means that investors will try to put the huge
supply of central bank liquidity to work in risky assets. This process will
drive world wide stock market prices higher.
Euro-US Dollar: The Euro nearly reached the 126 target. Support now is at 122.50. Next upside target
will be 130.
Dollar-Yen: Support at 108 has finally failed.
Downside target now are 99 and then 90.
West Texas Crude Oil: I expect crude to hold support at 59. The
next upside target will then be 74.
Gold: The 1295 is support.
Upside target is 1390.
Silver: Resistance is at 18.50. Silver is headed for 13.00 and below.
Google: GOOG is headed for 1250.
Apple: AAPL
is headed higher to 180 and above.
Facebook: FB is likely to move
higher into the 195-200 zone.
Twitter: TWTR reached the 34-36 target zone on earnings news.
Support is now at
26. After some sideways action I expect TWTR to move up to 48.
Alibaba: BABA should rally to 215 over the coming weeks.
Visa: Headed for 135.
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