March S&P E-mini Futures: Today's day session range estimate is 1310-1324. The persistent rally from yesterday's 1296 low makes me think that it ended a drop of 34 points, why of my minimum expectation of 40 points, and that a move to 1330 and higher is underway. The longer term trend is upward. 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: Headed for 63.
TNX (ten year note yield): The 10 year yield has started a move to 2.50%.
Euro-US Dollar: The rally from 1.2623 should continue to 1.3540 before the market turns down once more. Meantime support is at 1.2940.
Dollar-Yen: The market is headed down to 70.00. Resistance above the market is at 80.00.
March Crude: An extended upswing is underway. It will probably take crude to 114 or so.
GLD – April 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. Support is at 26.00.
Google: Google is now headed for its 2007 top near 750.
Apple: Upside target is now 475.