Market Trends

1.       The yield on bonds for 10 years rose to 3.57 yesterday and created a clear trend of rising yields, short-term target is 3.9 and long-term target is 4.25.

Preferred investment in this case is in ETF TBT, a 45 price target

2.       S&P 500 – in the case of no surprises in the employment market today that might negatively influence the stock market, we will be able to say in almost full confidence that yesterday a new trend was created of short and long terms raisings (In the long term target 1475-1500 and short term target of 1375) all this is in the case that the market will close over 1333, if not it will be difficult to indicate a clear trend.

3.      CURRENCIES-

·         EUR / USD - The Currency yesterday broke the barrier of 1.385 and built a clear trend with long-term target of 1.5, in the short term target 1.45. What prompted yesterday the currency forward is a statement of the Governor of the European Central Bank that interest rates will rise probably in April, a move that supports short term currency, but has adverse effects on the bond market and supports the stock market's near-term

·          AUD / USD - Still trying to break the barrier of 1.02, I'll update the forecast according to the Developments

4.       Commodities - The commodities seem to continue the upward trend, if the dollar continues to weaken against the currencies the Commodities will continue to climb, but still have to wait for a small correction before continuing increases, even a day or two correction

5.       It is important to see how Wall Street ends trading day today in order to be sure about the trend for next week, as long as it is above 1333 then you can be calm, this number is THE EXACT DUPLICATION OF NUMBER from the bottom number two years ago, when the market touched 666.5 on 6/3/2009 and then started the crazy increase. This is the reason this number and dates are so important.