December S&P E-mini Futures: Today’s range estimate is 1962-1982. I
think that the averages are headed above their September highs.
QQQ: Upside target is 102.
TNX (ten year note yield): I think that a move to and above the
3.00% level is underway.
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.
December Crude: 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. Resistance is at
1260.
December Silver: My bear market target remains 13.00.
Google: GOOGL is headed for 650.
Support is at 520.
Apple: I
think AAPL is headed for 108. AAPL resisted the drop in the general market
which is a bullish sign.
Facebook: Upside target is 90. Support is 72.
Twitter: Upside target is 66. Support is at 40.
Alibaba: I now think that BABA is headed for 103.
Visa: I think the bull market in Visa is over. But I will change my
mind if V can hold on to a good part of its overnight gain on earnings news
which puts it visibly above its 50 and 200 day moving averages.
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