December S&P E-mini Futures: Today's range estimate is 1183-1198. I am still expecting another down leg which will carry into the 1130-1150 zone. Once that drop is complete the march to 1300 will resume.
QQQQ: Support is at 49.50.
TYX (thirty year bond yield): The thirty year yield has dropped well below long term support at 3.85%. I think the market is at a juncture like that of December 2008 - fast drop in yield that will be followed by a fast rise. The bonds will soon begin a move to 5.40%.
TNX (ten year note yield): The 10 year yield has dropped more than I expected. Still, I think the next big move in yields will be upward. I think that the notes will soon begin a swing up to 4.50%.
Euro-US Dollar: The euro should find support at 133.00 and the move up to 145.00.
Dollar-Yen: A drop into the 78.00 - 79.00 range is underway and I think an important low will form in that zone.
January Crude: I still think crude oil is headed for 50.00.
GLD – December Gold: The 1310-20 zone should be strong support for the market. A move to new highs is likely to begin soon.
SLV - December Silver: Support is at 23.50 and a move to new highs should begin from there.
Google: The 540 level is support. A move that should take GOOG above 700 is underway.
Apple: Should reach 350 (at least) before the bull market ends. Support is at 265.
I will keep an eye on some of them today! Thanks for sharing.
The other leg down is coming. Though it's probably not going to go as low as 1130 to 1150. Moe like going back to the 1165 - 1170 range I believe.
What are your thoughts on PCLN?
why are you calling it January Crude now?
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