December S&P E-mini Futures: Today’s range estimate is 1780-1794. The 1798 level is resistance and the longer the ES trades below there the more bearish the situation becomes. Nearest support is 1770-75 which was nearly reached yesterday. Failure of this support zone would have very bearish implications.
QQQ: Support is at 80. Upside target is now 88.
TNX (ten year note yield): I think the market will move to 3.50% over the next few months.
Euro-US Dollar: As long as the Euro holds support at 1.3400 I will stick with my view that it is headed for 1.40-1.42.
Dollar-Yen: The dollar-yen is headed for 107.00.
January Crude: I think crude is headed back to 86 and possibly lower than that.
February Gold: The market is headed to 1030.
March Silver: The market is now headed for 13.00.
Google: Upside target is now 1150 and support beneath the market stands at 970.
Apple: AAPL has been stalling at the 565 resistance level. Should it be breached the next upside target will be 600.