December S&P E-mini Futures:
Today's
range estimate is 1442-53. 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 1.3450.
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 is headed up to
750.
Apple: AAPL
has reached the 690-700 zone. Next
upside target is 718. Support stands at 645.
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