December S&P E-mini Futures:
Today's
range estimate is 1452-62. The ES is
headed much higher over the next few months. Support beneath the market now is
at 1430.
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 1.3350.
Dollar-Yen: This market is headed
for 75 and lower. The Japanese central bank has announced an increase in their
own program of quantitative easing. But they don't have as much credibility on
this score as the Fed does so I think the dollar-yen will continue its drop to 75. At some point
the JCB will have to support the yen but this probably won't happen until the
75 level is reached. November Crude:
The market is now is on its way to the 110-115 zone. Support is at 90-91.
GLD – December Gold: I think
gold is headed for 2300.
SLV - December Silver: I think silver is
headed above 50.00.
Google: Google has reached the
750 target and is now at historical highs. Next upside target is 790. Support
stands at 700.
Apple: Next upside target is 718. Support stands at 645.
2 comments:
in response to the comment above...
carl has offered his thoughts for free since 2005. i remember reading some of his blog posts a long time ago. he added a service to help people learn how to trade, not guarantee them profits. his paid service is just closer look at the thought process behind his trading strategy. He tries to teach you how to predict a market through your own eyes. I used it for a while but i didn't have time to keep up and wasn't trading at the time. I have also read his books and read his blog. Carl has has some amazing predictions. he has also made some humbling admissions of his mistakes. all in all this blog is great.... be thankful for carl sharing his thoughts with us.
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