Spiders - March S&P Futures: The Spiders are headed for 145.00 and support today is at 143.00. The S&P futures are headed for 1455 and support stands at 1435
QQQQ: The Q’s are headed for 47-48..
TLT - March Bonds: TLT is headed down into the 86-87 range. The bonds have resistance at 111-12. Next downside target is 109-04.
March 10 Year Notes: Resistance is at 107-16. Next downside target is 106-08. The notes are headed for the 105-106 range.
Euro-US Dollar: The Euro has resistance at 130.70 and have resumed the decline to under 116.
Dollar-Yen: The yen has reached temporary resistance at 121.70. Support is at 119.50. I expect to see the yen trade at 130 in 2007.
OIH - USO - March Crude: OIH has nearly reached resistance at 137 and should soon head down to 126 again. I think USO will rally to 47.00 before the bear market resumes. Crude should rally into the 56.00 to 57.00 range. Much lower prices are likely in the months ahead.
GLD - February Gold: GLD has reached strong resistance in the 64.00 - 65.00 zone and a close above the 65.00 would mean much higher prices lie ahead. Gold has moved relentlessly higher, contrary to my expectation, but this morning has traded about 5 dollars above its last top at 648. If it closes above 649 today I shall conclude that much higher prices lie ahead.
March Silver: Silver has moved well above its last top at 1324. A close today above 1332 will convince me it is headed back above 1400.
Google: A move up to 564 is underway. Support is at 478.