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.
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