March S&P E-mini Futures: Today's day session range estimate in the March contract is 1427-1440. A move to 1468 and higher is underway.
QQQ: Upside target is 70 then 74.
TNX (ten year note yield): Bond yields are going much higher as the market begins to anticipate stronger economic growth. The first upside yield target for the 10 year is 2.50%.
Euro-US Dollar: The ECB and the Fed are following polices which will move the Euro to 1.40 or higher. Next upside target is 1.35. Support is at 1.2670.
Dollar-Yen: The move in the dollar-yen above 81.00 is an upside breakout from a trading range which has developed during the past three months. I think it means that the dollar-yen is now headed for 85-86.
January Crude: I think this market is headed for 70 and lower.
GLD – February Gold: The market is headed for 2000 and higher.
SLV - March Silver: I think silver is headed for $40.
Google: There are several old tops in the 640-670 range which should be strong support for the next move up to 800 and higher.
Apple: Contrary to my expectation AAPL yesterday broke a little below its 505 reaction low. I still think the market won't even spend a full session below that level but if it does support is at 480.