March S&P Futures: Support today is again at 1280 and I think the market is on its way to 1320. The market should reach the 1350 level in a couple of months.
March Bonds: The bonds will encountered resistance near 113-04 last night and now are headed for the next support below the market at 111-16. I think the market is on its way into the 107-108 zone.
March 10 Year Notes: I think the market is headed for 107-26. I think notes will reach 104 or so in a few months.
Cash Eurocurrency: The market is headed down to at least 113.
March Crude: I still think crude is headed down to 64.00 and then to 55.00.
April Gold: The 573 level is key for me and as long as the market does not accelerate back below there I will look for a further advance to 600 or so. I still think that the next $100 move from here will be downward.
March Silver: As long as silver holds above 979 I think a move to 1023 is likely. Even so, the next $2.00 move from here will be downward.
Google: GOOG was crushed after announcing earnings yesterday afternoon. I don’t think the bull market is over and I expect GOOG to hold support in the 345-350 zone. From there a move to 495 should develop.
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