March S&P E-mini Futures: The ES rallied back above its January 24 low yesterday and this means that a rally to new highs has begun.
QQQ: The drop below 334 did not continue and now the Q’s are back above their January 24 low. This is bullish action and is likely to mark the start of a rally to historical highs.
TNX (ten year note yield): Yields are in the early stages of a long march to higher ground. First stop is 2.00% which has now been reached.
Euro-US Dollar: Resistance is still at 115.00.
Bitcoin: Resistance above the market is 44,000. Support now is 31,000.
West Texas Crude Oil: Crude reached its 98-99 target and is now likely to drop to 84 support.
Gold: Upside target is 1960-80 was reached and gold is now headed for 1800 or lower.
Silver: No idea where silver is headed next.
Apple: Upside target is 200. Support is 125.
Alibaba: Next downside was 110 and the low so far has been 108. This low is likely to hold and the next upside target is 200.
Amazon: Support is 2500. Upside target is 3800.
Facebook: Support at 200 has been recovered but there is probably another down leg ahead. Meantime resistance is at 225.
Google: Next upside target is 3300. Support is now 2400.
Netflix: Support now is 350.
Tesla: Downside target at 700 was reached. A big upswing above 1000 has begun.
Twitter: Downside target is 25.
Visa: Upside target is 250. Support still 195.
