December S&P E-mini Futures:
Today's
range estimate is 1450-59. The ES is
headed much higher over the next few months. Support beneath the market now is
at 1420.
QQQ: A move to 76 is underway.
TNX (ten year note
yield):
The Fed announcement is going to push
bond yields much higher as the market begins to anticipate stronger economic
growth. The first upside yield target for the 10 year is 2.50%
Euro-US Dollar: The ECB and the Fed
are following polices which will move the Euro to 1.40 or higher. Next
resistance is 1.3450.
Dollar-Yen: This market is headed
for 75 and lower. The only fly in this bearish ointment is the central bank of
Japan. If they decide to support the yen then they implicitly will be embarking
on a course parallel to the Fed and that would be very bullish for the Japanese
stock market.
November Crude: The market has broken
past all resistance level. It now is on its way to the 110-115 zone.
GLD – December Gold: I think
gold is headed for 2300.
SLV - December Silver: I think silver is
headed above 50.00.
Google: Google is headed up to
750.
Apple: AAPL
is headed to 690-700. Support stands at 645.
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