December S&P E-mini Futures: Today’s range estimate for the December
’14 contract is 1971-83. I still think this market is headed for 2080.
QQQ: Upside target is 103.00.
TNX (ten year note yield): It looks like an extended up trend in
yields has begun. The initial target is 3.00% but I think the 10 year yield
will go significantly higher than that over the coming months.
Euro-US Dollar: The ECB quantitative easing program
coupled with the Fed’s termination of its own program is likely to drop to Euro
to 120.
Dollar-Yen: The dollar-yen has nearly reached my 107.00
target. I think that the 107-108 zone will be strong resistance and expect the
market to stall here for a while.
October Crude: Crude
nearly reached my 90 target. After a bounce to 93-94 I expect the market to
move below 90.
December Gold: Gold
is headed below 1100.
December Silver: My bear market target remains 13.00.
Google: GOOGL is headed for
620 and higher.
Apple: I
think AAPL is headed for 108.
1 comment:
Hi Carl
This is an odd market today .
my bias is for the next cycle low oct 6th 8th .the 2 year cycle low is due in mid feb 2015 .
A significant low though oct 6th 8th . might be the price low with an acceleration up beginning in feb.
Long term bullish .
8 years up from march 2009
and 15 years up from oct 2002
targets the year 2017 for an important top
Joe
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