December S&P E-mini Futures: Today’s day session range estimate for
the December contract is 1676-88. The ES, the Dow and the advance-decline line
are all now trading above their 50 day moving averages. The trend is definitely
upward and should carry the ES well above 1705 during the next couple of months
QQQ: Upside target is 86.
TNX (ten year note yield): I think the market will move to 3.50%
over the next few months.
Euro-US Dollar: The Euro is probably headed down to
1.2800. The 20 day moving average is at 1.3284 and the market has put in two
closes above that moving average. I will turn bullish again if an entire
trading day develops above that moving average.
Dollar-Yen: The dollar-yen is headed for 107.00.
October Crude: Crude
has sagged back below 108 but as long as it holds its 50 day moving average at
103.54 I will stick with my 123 upside target.
December Gold: The
market is now headed below 1200.
December Silver: The market is now headed for 15.00.
Google: Support is at 800 and I think the next step up will carry
GOOG to 975.
Apple: The
460 level is now support and as long as it holds I think AAPL will continue its
rally to 560 or so.
1 comment:
Hi Carl
im not sure how you come up with the 86 target on the QQQ . there is many
coincident levels in the 82-84 range
and target nov 2013 . i have serious doubts it even touches 85.00
im open minded enough to consider it yet dont see it . above 85 would be
very bullish from what im looking at . time and price call nov 2013 and the 82-84 range it for now anyways .
longer term anything can happen
Joe
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