December S&P E-mini Futures: Today’s range estimate is 2027-47. I expect
yesterday’s 2023.25 low to hold. I see no sign that the move up from the
October low at 1813 is over.
QQQ: 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 118-120.
Dollar-Yen: The dollar-yen has reached 122. Support is
now at 116. The bull market has much further to go over the coming months.
140-45 is my longer term target zone.
January Crude: I see support at 57-59 and the next rally should
carry the market up $10-20. I still think the longer term trend in oil prices
is downward and should carry this market down close to the 2008 low at 33.
February Gold: Gold
is headed below 1100 with 1040 my initial downside target and 850 a longer term
target. Resistance above the market is 1200-10 has been broken this rally will
probably stop near 1240.
March Silver: My bear market target remains 13.00. Resistance
is at 17.60.
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: Support at 40 has been decisively broken. Twitter is in a
bear market which is likely to carry it to 20.
Alibaba: Next upside target is 135. Support is at 102-104.
Visa: Visa is headed up to 270.
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