March S&P E-mini Futures: Today's range estimate is 1300-1317. I expect the ES to close today below 1322.25. If it does I will conclude that a drop of 90-125 points began from the 1343 top. In any case once this reaction is complete I expect to see new highs for the bull market.
QQQ: The 58.50 target has been reached. Support is at 56.75. Next upside target is 60.00.
TYX (thirty year bond yield): The 30 year bond yield is on its way to 5.40%.
TNX (ten year note yield): The 10 year yield is headed for 4.50%.
Euro-US Dollar: I think the euro will move up to 145.00.
Dollar-Yen: A drop into the 78.00 - 79.00 range is underway and I think an important low will form in that zone.
April Crude: Political uncertainties have driven crude well above the 91.50 midpoint. While I remain low term bearish I also think crude will rally to 102.00 over the next couple of weeks. GLD – April Gold: A move to new highs is underway. 1495 is the next upside target. Support is at 1315.
SLV - March Silver: The upside target at 31.00 has been reached but there is still no sign of a top. Next upside target is 36.00. Support is at 25.50.
Google: The 540 level is support. A move that should take GOOG above 700 is underway.
Apple: Has reached the 350 target. Next upside target is 375. Support is at 310.