March S&P Futures: I think the market is headed for 1320. The 1271 level should be support today. The market should reach the 1350 level in a couple of months.
March Bonds: The next downside target is at 111-16 while resistance today is at 112-16. I think the market is on its way into the 107-108 zone.
March 10 Year Notes: Resistance is now at 108-04 while the next support level beneath the market is at 107-10. I think notes will reach 104 or so in a few months.
Cash Eurocurrency: The next downside target is117.90 while resistance is at 119.80. A drop to 113 and below is underway.
April Crude: Support is at 60.80 and the market will now probably rally to 62.50 before turning lower again. Crude is headed for 52.00 and eventually lower than that.
April Gold: I think a drop of $100 is underway. Resistance today is 556. First minor support on the way down is at 526.
March Silver: I think a drop of $2.00 is underway. Resistance today is at 940. Next short term support is at 895.
Google: I still don’t think this bull market is over and I think we’ll see GOOG hold support at 348, the 3 5/8 multiple of the lowest trade price, 95.96. Once GOOG leaps over resistance at 405 it will be headed for the next upside target at 495.
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