December S&P E-mini Futures: The ES has moved 16 points above its September 12 top at 2156. This is a bullish development. Support is in the 2149-56 zone and as long as it holds I think the ES will soon be trading near 2200.
QQQ: It looks like the bull market has resumed. The 120 level is resistance.
TNX (ten year note yield): I think a substantial advance in yields is underway which should push the 10 year yield up to 2.50% or so.
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.
November 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 98. Next upside target is 125.
Visa: Support is at 70. Upside target is 90-95.