Market Trends

1.       US 10 Year T-Note Yield –We can see the "bullish" trend is still strong on the rising yields. Again in the beginning of the day the yield went down and in the middle of the day the buyers came and raised the yield, it's again important that the yield closed above 3.49. In the short term the target is 3.625. TBT looks good above 39.5 the target for short term – 41-41.5, for long- 45.5-46

2.         S&P 500 – Since the last week of February we are passing volatile days, it's hard to say what is the trend, until the price will break 1303 down or 1333 up we will not know for sure. We will have to wait a day or two to see what will happen.

3.       CURRENCIES-

EUR / USD – The EUR still looks good with an upward trend, as expected we saw a small correction yesterday and today in the morning. The correction will continue and will stop between 1.385-1.39 and then the EUR will follow and I expect it to rise to 1.45 at least.

AUD / USD – Waiting to break 1.005 down or 1.02 up, until then there is nothing to do.

4.       Commodities –

GOLD – started a small correction, it needs to go down at least to 1420 before it continues to rise.

Crude Oil – very volatile with the mess in Libya, the target is still up but again its need small correction.