March S&P E-mini Futures: Today’s range estimate is 1822-1835. The ES is headed above 1846, probably to 1900
or higher
QQQ: Upside target is 91.
TNX (ten year note yield): I think the market will move to 3.50%
over the next few months.
Euro-US Dollar: The Euro has been strengthening during
the past two weeks. A New York close above 1.37 would signal the start of a
move to 1.43.
Dollar-Yen: The dollar-yen is headed for 107.00.
March Crude: I
think crude is headed back to 86 and possibly lower than that.
April Gold: The
market has breached 1290 resistance decisively and is now headed above 1400.
March Silver: Silver seems likely to move above its
21.30 resistance level and if it does a move as high as 26.00 will be underway.
Google: Support is at 1060.
Next upside target is 1250.
Apple: The
uptrend in AAPL from its 385 low last April is still intact. Support is at 485,
just above the 200 day moving average. My best guess is that this support level
will hold and that AAPL will resume its advance to 600 and higher.
3 comments:
Whoaaa! Now that is a BIG adjustment on your silver call! What about $13? What is causing you to reverse you position so radically?
Mag:
I suggest you read my last post on gold and silver:
http://carlfutia.blogspot.com/2014/02/gold-and-silver.html
Thanks Carl. I am not buying the move higher btw. We are still in a very deflationary environment and JPMC still controls the silver market with the futures domination.
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