March S&P E-mini Futures: The
rapid rebound from Friday’s low looks like a lockout rally following a
shakeout. I think the 2683 midpoint of this rally will stop any reaction. The
ES is now headed for 2712-15. During the first quarter of 2018 the ES is likely
to reach 2860 and perhaps 3000.
QQQ: Short term support is
at 148. I think this average is headed
for 160 before a significant drop develops.
TNX (ten year note yield): If the 10 year yield can stay above the
2.15% level then I think deflationary fears have been put aside and the trend
upward to a 3.00% yield will continue.
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 is headed for its next upside
target at 63. Support now is at 54.
Gold: The 1295 resistance
level has failed. Upside target is now 1390.
Silver: Resistance is at 18.50. Silver is headed for 13.00 and below.
Google: Next upside target is 1105. Support is at 990.
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 is 120.
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