Spiders - March S&P E-mini Futures: Long the e-mini’s from 1297. Support today is at 1308 so I have raised my stop to breakeven. Initial upside target is the 1340-50 range. I think there is a very good chance that the market is on its way into the 1430-50 range. I think that new bull market highs will be seen in the next few months.
QQQ: The Q’s dropped a little below 42.00 yesterday to new lows for the move down but I think a rally to 47.50 has begun.
TLT - June Bonds: I think the bonds are headed down to 112. I think TLT will drop to 88.
June 10 Year Notes: Resistance is at 118-12. I think the notes will soon begin a move to 112.
Euro-US Dollar: The market is getting close to the 156 target level. A big break should develop from there. Meantime support is at 149.50.
Dollar-Yen: It now looks like the yen is headed for the 99.50 level.
XLE - OIH - USO – April Crude: I think a break of at least $20 will be the next development.
GLD - April Gold: I think gold futures are headed for 1000. Support is at the 920 level in the April contract.
SLV - May Silver: It looks like the silver will make it to 2200 and then begin a big break.
Google: Google has support at 420 and I think the next big move will be upward.