March S&P E-mini Futures: The ES is likely to reach one or both of
the 2298 and 2345 upside targets by early next year.
QQQ: The 120 level is strong
resistance since it is the historical high which the Q’s reached in March of
2000. I expect this average to eventually move above that level to 125 and
probably higher than that eventually.
TNX (ten year note yield): The initial 2.50% target has been reached.
However I think a push up into the 2.85-3.00% zone is likely before the longer
term up trend in yields pauses. The 10 year yield is now well above its 200 day
moving average which suggests that a sustained rise in yields is underway. I
think this paradoxically is a very bullish omen for world stock markets.
Euro-US Dollar: The ECB’s QE policy will ultimately drop
the Euro below par.
Dollar-Yen: A new bull market is underway. Support now
is at 108. Upside target is 126-27 then 136
January Crude: Crude is in a bull market. Support is
still at 40-41. Next upside target is 56-58.
February Gold: Gold
is headed back to its 1035 low and quite possibly lower.
March Silver: Silver is headed for 13.00 and below.
Google: Support is 675. Upside target is 880.
Apple: I
still think the bull market in APPL is intact. If it is AAPL is on its way to
135.
Facebook: Support at 112. Next upside target is 145.
Twitter: Breakout support at 20 is likely to stop the current rally. TWTR
is headed for 10.00.
Alibaba: The 85-90 zone is strong support and I expect BABA to swing
up to 125 from there.
Visa: Support is at 70. Upside target is 90-95.
No comments:
Post a Comment