December S&P E-mini Futures: The ES established a trading range top at 2658.50 yesterday. The low of the range is likely to be below the 2620 level, perhaps as low as 2595. But the high trading volume above the 2600 level looks like a genuine upside breakout. The market is likely to reach 2860 during the next few months.
QQQ: Short term support is at 148. I think this average is headed for 160 before a significant drop develops.
TNX (ten year note yield): If the 10 year yield can stay above the 2.15% level then I think deflationary fears have been put aside and the trend upward to a 3.00% yield will continue.
Euro-US Dollar: The 118.75 resistance has failed and the ES is headed for 121.50. Support now is at 118.00
Dollar-Yen: A bull market is underway. Support is at 108. Upside target is 126-27 then 136
West Texas Crude Oil: Crude is headed for its next upside target at 63. Support now is at 54.
Gold: The 1295 level is resistance. If it fails the ES is likely to continue up to 1390. Downside target is currently 1220.
Silver: Resistance is at 18.50. Silver is headed for 13.00 and below.
Google: Next upside target is 1105. Support is at 990.
Apple: Support still is at 144. Next upside target is 182.
Facebook: Support is at 170 and the upside target is 200.
Twitter: Support is 18. As long as it holds TWTR is headed for 34-36 with a temporary halt at 25 on the way up.
Alibaba: Support remains at 160. Next upside target is 199.
Visa: Upside target now is 120.