March S&P E-mini Futures: The
ES is probably headed for 2828. Support is at 2789. 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 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 the upside target at 63
which appears to be morphing into support. Next upside target is 70.
Gold: The 1295 resistance
level 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 now is 160. 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.
No comments:
Post a Comment