December S&P E-mini Futures: Temporary support is at 2104, the .382
retracement of the Brexit advance. But after a rally the ES is likely to drop
further, at least to midpoint support near 2080 and quite possibly all the way
back to the Brexit low.
QQQ: A drop to 108-110 is in
the cards before the bull market can resume.
TNX (ten year note yield): The market briefly dropped below the 2012
low yield of 1.39% but I think a substantial advance in yields is now underway.
Euro-US Dollar: I still think that the ECB’s QE policy
will ultimately drop the Euro below par.
Dollar-Yen: A bear market is underway. Resistance is 104-106.
Next downside target is 95.
October Crude: Crude is in a bull market. Support at 40-41.
Next upside target is 56-58.
December Gold: A
bull market is underway in gold. Support is now at 1280. Next upside target is
1420.
December Silver: Silver exceeded the 20.00 target by more
than a dollar. Next upside target is 25.00. Support now is at 18.00.
Google: Support is 675. Upside target is 880.
Apple: I
still think the bull market in APPL is intact. However should AAPL start
spending time below 90 I think continuation down to 70 will become likely.
Facebook: Support is at 120. Next upside target is 145.
Twitter: The 18-20 zone is an important barrier. If TWTR spend more
than 2 days trading above 21 I will conclude that a new bull market has begun.
Alibaba: Support is now at 90 and the next upside target is 103.
Visa: Support is at 70. Upside target is 90-95.
No comments:
Post a Comment