December S&P E-mini Futures: Today’s range estimate is 1890-1910. I
think a rally of at least 50 points has begun from last night’s 1880.50 low.
QQQ: Downside target at 94 has been reached but I don’t have much
sense of just how big a rally will ensue.
TNX (ten year note yield): I think the 2.25% yield will be strong
support and an extended uptrend in yields is likely to start from there. 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: Support is at 84 but I think the longer term
trend in oil prices is downward and should carry the market down to 70 at
least.
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 of 68 before going much higher
than 103.
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.
No comments:
Post a Comment