December S&P E-mini Futures: Today’s range estimate is 2034-2043. The
next reaction will probably be 45-50 points but I think it will start from
about 2050. In any case the market is
headed for my 2090 target and probably higher than that.
QQQ: Upside target at 102 has been reached. Support is at 99.50 and
the next step up should carry to 107.00
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: The dollar-yen is headed for 120.
December Crude: I think the longer term trend in oil prices is
downward and should carry the market down to 70 or below.
December Gold: Gold
is headed below 1100 with 1040 my initial downside target and 850 a longer term
target.
December Silver: My bear market target remains 13.00.
Google: GOOGL is headed for 650.
Support is at 520.
Apple: There
is no reason for thinking the bull market is over. Next stop is 125. Support
stands at 96.
Facebook: Upside target is 90. Support is 72.
Twitter: Upside target is 66. Support is at 40.
Alibaba: BABA has moved past 113. Next upside target is 130.
Visa: Visa is headed up to 270.
2 comments:
Hi Carl,
I think I have found a Lindsay Ascending Middle Section on the Dow:
A: 10/9/13
B: 12/31/14
D: 2/5/14
E: 4/4/14
F: 7/17/14
G: 9/19/14
H: 10/15/14
Looks like we're rallying to point J now. If we top out in early-mid 2015, the middle section implies a mild bear market lasting about a year.
The Dow had been perplexing me for a while, but this pattern seems to make sense of it.
Hi,
Twitter: Upside target is 66. Support is at 40.
TWTR closed below 40, any changes to your call?
thx
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