March S&P E-mini Futures: The
ES only dropped as low as 2736.50 and now appears to be on the way to
resistance near 2783. During the first
quarter of 2018 the ES is likely to reach 2860 and perhaps 3000.
QQQ: There is as yet no sign
of a significant top. Support is at 153 and the next upside target is 168.
TNX (ten year note yield): The 10 year yield is on its way to the
next upside target at 2.95%. Paradoxically this is good news for the stock
market because it means that confidence in future growth is being restored.
Euro-US Dollar: The Euro is headed for 121.50 and then to
126. Support is at 118.00
Dollar-Yen: A bull market is underway. Support is at
108. Upside target is 126-27 then 136
West Texas Crude Oil: Crude has reached its next upside target
at 63. Support remains at 54.
Gold: The 1295 resistance
level has failed and is now support. Upside target is 1390.
Silver: Resistance is at 18.50. Silver is headed for 13.00 and below.
Google: Upside target at 1105 has been reached. Support now is at
1045. Next upside target is 1195.
Apple: Support still is at 144. Next upside target is
182.
Facebook: Support is at 170 and
the upside target is 200.
Twitter: Support is 18. As long as it holds TWTR is headed for 34-36
with a temporary halt at 25 on the way up.
Alibaba: Support remains at 160. Next upside target is 199.
Visa: Upside target at 120 has been reached but there is no sign of
a top. Next target is 127.
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