Spiders - March S&P Futures: I expect the Spiders to rally to 145.00. The futures should move up to 1455-58.
QQQQ: The Q’s should rally up to 47-48.
TLT - March Bonds: TLT should find support near 86.50. I expect the market to start a trading range in this vicinity which should be followed a rally to 94-95. The bonds should rally to 110-16 or so and then drop to 108-28. I think a basing process has begun that will be followed by a move above the 115 level.
March 10 Year Notes: The notes should hold resistance near 106-28 and then drop to 105-24. I think the market has begun a basing process. After it is complete I expect a move to above the 110 level.
Euro-US Dollar: The euro is should stop is rally near resistance at 130.50 and then begin a drop to support near 126.90.
Dollar-Yen: The yen should hold support near 119.80 and then rally to 123.20. I expect to see the yen trade at 130 in 2007.
OIH - USO - March Crude: Upside target for OIH is 140. Upside target for USO is 49. Crude rallied above the 57.50 target but should hold below 58.50 and then drop to 54.00 or so. I think the market is likely to rally to 60.00 before resuming its bear market.
GLD - April Gold: GLD is headed for the 67-69 range before the bear market resumes. I expect April gold to rally to 675-690 and then resume its bear market.
March Silver: I think silver is on its way up to 1395. From there the bear market should resume.
Google: A move up to 564 is underway. Support is at 485.