December S&P E-mini Futures: Today’s range estimate is 1948-1968.
Right now it appears that the intermediate term trend in the averages has
turned downward. The prognosis now is for a drop to the 200 day moving
averages. In the S&P 500 this currently is the 1897 level.
QQQ: Downside target is 94.
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: Next stop is 112.
November Crude: Resistance above the market is at 95. 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
650 and higher.
Apple: I
think AAPL is headed for 108.
Facebook: Upside target is 90.
Twitter: Upside target is 66.
Alibaba: Resistance is at 103 but I think that
BABA will drop back to or below its IPO price before going much higher than
that.
Visa: I think the bull market in Visa is over and that the stock
will soon slide below its 200 day moving average and stay there.
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