December S&P E-mini Futures: Today's range estimate is 1152-69. Next upside target is 1175. The ES will move above 1216 over the coming months.
QQQQ: Next upside target is 51.00.
TYX (thirty year bond yield): The thirty year yield has dropped well below long term support at 3.85%. I think the market is at a juncture like that of December 2008 - fast drop in yield that will be followed by a fast rise. The bonds will soon begin a move to 5.40%.
TNX (ten year note yield): The 10 year yield has dropped more than I expected. Still, I think the next big move in yields will be upward. I think that the notes will soon begin a swing up to 4.50%.
Euro-US Dollar: The euro has moved into the 135-40 target zone. There is as yet no sign of a top.
Dollar-Yen: Resistance above the market stands at 86.50. A drop into the 78.00 - 79.00 range is underway and I think an important low will form in that zone.
November Crude: I still think crude oil is headed for 50.00.
GLD – December Gold: I don't see signs of a top so I am raising the upside target to 1380.
SLV - December Silver: The 22.50 level has nearly been reached but there are still no signs of a top. Next stop is 23.80.
Google: The 440 level is now support. A move that should take GOOG above 700 is underway.
Apple: Should reach 350 (at least) before the bull market ends. Support is at 240.
2 comments:
Carl,
How is your new seminar going? What are your results and individual results so far? I havent had a chance to join yet, because ive been busy with some things, but do plan to test it out.
Thanks,
ex
Ditto for me, Carl..even though you were rude to me, I realize that Marketing expertise is not your cup of tea. I would never respond to questions the way you did. Nevertheless, I like your range calls and feel I could learn from you..and that is what it is all about.
I have been working the rest of my portfolio recently, and also studying an advanced chart trading method on equities and options...on a new platform...so, I will join later. Hope it's not too late.
So, how is it going? Can you list your trades for the rest of us to ponder (post-results, of course, as I would never trade your calls as you have told us not to do).
Good luck. Hope the room is full!
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