December S&P E-mini Futures:
Today's
day session range estimate is 1395-1409. A move to 1468 and higher is underway.
QQQ: Upside target is 70 then 74.
TNX (ten year note
yield):
Bond yields are going 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 upside target is 1.35.
Dollar-Yen: The move in the dollar-yen
above 81.00 is an upside breakout from a trading range which has developed
during the past three months. I think it means that the yen is now headed for
85-86.
January Crude: I think this market is headed for 70 and
lower.
GLD – February Gold: The market is headed for 2000 and higher.
SLV - March Silver: I think silver is headed
for $40.
Google: There are several old
tops in the 640-670 range which should be strong support for the next move up
to 800 and higher.
Apple: APPL has moved above 575-80 resistance. New
bull market highs above 705 lie ahead. Meantime support is at 545.
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