March S&P E-mini Futures: Today's day session range estimate is 1212-1230. The trend is upward and a rally from the November 25 low at 1147.50 which matches the size of the October rally would bring the ES to 1370.
QQQ: Now headed for 63.
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 has started a move to 4.50%.
Euro-US Dollar: The Euro has dropped below its October 4 low. Next support is at 1.2820. .
Dollar-Yen: The market is headed down to 70.00. Resistance above the market is at 80.00.
January Crude: An extended upswing is underway. It will probably take crude to 114 or so.
GLD – February Gold: I think gold will probably drop to 1510 or so and then begin a move to 2100.
SLV - March Silver: I think silver is headed for 50.00.
Google: Google is now headed for its 2007 top near 750.
Apple: Upside target is now 475.
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