March S&P E-mini Futures: Today's day session range estimate is 1267-80. The longer term trend is upward. A rally from the November 25 low at 1147.50 which matches the size of the October rally would bring the ES to 1370.
QQQ: Now headed for 63.
TNX (ten year note yield): The 10 year yield has started a move to 2.50%.
Euro-US Dollar: Next support is at 1.2820 and a move to 1.2400 is in the cards. . Resistance above the market is at 1.3130 . I think the Euro is "decoupling" from the European and US stock markets because the European Central Bank has made an implicit commitment to provide whatever liquidity is necessary to the EU banking system.
Dollar-Yen: The market is headed down to 70.00. Resistance above the market is at 80.00.
February Crude: An extended upswing is underway. It will probably take crude to 114 or so.
GLD – February Gold: I think gold will probably drop to 1510 or so and then begin a move to 2100.
SLV - March Silver: I think silver is headed for 50.00. Support is at 26.00.
Google: Google is now headed for its 2007 top near 750.
Apple: Upside target is now 475.
5 comments:
Bulls are in control above the 1267-1269 Dec highs, and 1258 200 day MA.
Hi Carl
Hope you and your readers had a lovely XMAS.
I think it is all too easy to get carried away with this XMAS and New Year Rally (which is all it is I believe) and which I think is about to come to an abrupt halt as I have forewarned.
See my blog www.theSarayiahpost.com for more info. The Dow and S&P are in huge Head and Shoulders formations, which have completed and it is all on my site.
Also my latest post is my New Year's message, which I hope you and your readers will find interesting :-).
If you and your readers like what I am trying to do, which is to help others by challenging the way they think and problem solve then please forward to others or FB like/ Twitter it etc :-).
Happy 2012.
Kindest regards
Isaac Sarayiah
theSarayiahpost.com
Sorry - I just realised the links in my post above are not working (duh!).
It should be www.theSarayiahpost.com and if that doesn't work then directly it is http://www.theSarayiahpost.com.
Hope you have had a wonderful day all.
Kind regards
Isaac
@Sarayiah Please find another way to advertise your blog, go away...
Hi Cristian
Thank you for your comment.
This is a moderated blog and it isn't yours - it is run by Carl so it is up to Carl what he chooses to allow to be published.
My blog actually says what I say it does which is why I posted the link on here, which Carl allowed to be published. My blog gives others another point of view. Maybe you should read it and maybe it will help you!
Have a good day.
Isaac Sarayiah
theSarayiahpost.com
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