Spiders - March S&P E-mini Futures: My 1340 stop was hit yesterday but I think the market is on the verge of a 100+ point rally, so I shall be a buyer today at 1341, again using a 25 point stop. I think this market is making a very important low and is about to rally to new bull market highs.
QQQQ: Support is at 45.30 and from there I think the market will embark on a rally to new bull market highs.
TLT - March Bonds: The market has reached the 120 level and will encounter very strong resistance in the 121-122 zone. Support still stands at 117-16. TLT is headed for 98.50.
March 10 Year Notes: Market has reached resistance at 116-16 and while it may take a peek above 117-00 briefly I think the big move up is essentially over. Support is at 114-20.
Euro-US Dollar: I think that the market is headed for 151 or so.
Dollar-Yen: I think the market will stage a very big rally from the 105.00-106.00 zone.
XLE - OIH - USO – February Crude: I think that crude is headed for 75.00 and eventually much lower than that. During that time USO should drop to 56, OIH to 140 and XLE to 60.
GLD - February Gold: The short term trend is still upward. The market has bounced off of resistance in the 910-20 zone and support stands at 865.
SLV - March Silver: Support stands at 1500. The market has stalled in the 1660-80 zone and soon should start a big break.
Google: I think a move to new bull market highs will begin soon. The 600 level is support.