December S&P E-mini Futures: Today’s day session range estimate is 1743-57. I think the market is on its way up into the 1775-1800 range. Only a drop below the 50 day moving average by two of my three trend indicators (Dow, S&P 500, and the advance-decline line) would turn me bearish.
QQQ: The Q’s have been much stronger than the other averages. Support is at 75. Upside target is still 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 headed for 1.4000.
Dollar-Yen: The dollar-yen is headed for 107.00.
December Crude: I think crude is headed back to 86 and possibly lower than that.
December Gold: The market is now headed below 1200.
December Silver: The market is now headed for 15.00.
Google: Google’s strength yesterday’s surprised me and I have to conclude that the breakout above the 928 high of the preceding 5 month trading range is genuine. Upside target is now 1150 and support beneath the market stands at 960. .
Apple: AAPL finally moved above its August top of 513 yesterday. Upside target is 565.