December S&P E-mini Futures: Today’s range estimate is 1996-2011. I
think the market will drop at least 20-25 points and probably closer to 50
points from yesterday’s 2019 high. But once this reaction is complete the ES
should resume its advance to the 2090 target.
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 112 level has been hit and exceeded. if the market spends a another day above 113 I
think it will continue upward to 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.
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: I now think that BABA is headed for 113.
Visa: Visa so far has held its gains on earnings news and I now
believe it is headed up to 270.
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