1. US 10 Year T-Note Yield – As expected the yields continued rising, the target for short term 3.625-3.65 and for long 3.85. I believe in the end of the cycle it will reach 4.25. The stop for now is 3.48.
TBT passed 39.5, the target for short term – 41-41.5, for long- 45.5-46 stop- 39
2. S&P 500 – No change, the index is moving between 1300 to1333. For now it looks like the direction is up, and that is due to the fact that there are some stocks that look good for buying. If it will break 1333 today so we can be sure that the trend is up and the targets will be 1375 (S), 1500 (L)
3. CURRENCIES-
EUR / USD – we got the correction we wanted, it can continue to 1.384 and then it should go up to 1.45.
AUD / USD – It is still hard to say the direction for now.
4. Commodities –
GOLD – it can correct to 1420 before it continues rising, but if it will continue to go up and break 1440 it will also be a good price to buy
Crude Oil – the price has to calm down before continuing the upward trend.
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