December S&P E-mini Futures: The market is now headed for 1156 or so. Today's day session range estimate is 1131-1161.
QQQ: Now headed for 59.00.
TYX (thirty year bond yield): The 30 year bond yield is on its way to 5.40%.
TNX (ten year note yield): The 10 year yield is at its historical low but will soon start a move to 4.50%.
Euro-US Dollar: The Euro is approaching support in the 1.30-1.31 range. Resistance above the market stands at 1.3550. The euro is likely to drop to 1.20 over the coming months.
Dollar-Yen: The market is headed down to 70.00. Resistance above the market is at 80.00.
November Crude: The market is now headed for 55-60.
GLD – December Gold: Gold bounced off of support at 1550 but should hold resistance at 1670. Next downside target is 1400.
SLV - December Silver: Silver is now headed for 25.00.
Google: Downside target is 375.
Apple: Upside target is 435 was nearly reached. An extensive downtrend is underway. Support is at 345.
2 comments:
Last weeks CNN Poll said 90% of Pessimistic public sees hard times ahead -
Triangle in the NYSE says the opposite...early 2012 shaping up to be a boom time...
http://4.bp.blogspot.com/-R4lb5j3Wp0s/To25Go0KhkI/AAAAAAAAAoU/Huhgegmh7l8/s1600/triangle.png
Carl, if market is headed down after 1156ish is hit, how is QQQ going to hit 59???? TIA
Post a Comment