September S&P E-mini Futures: Today’s range estimate is 2095-2110. I
think the market is headed for 2126.25 and above.
QQQ: Support is at 108. Upside
target is 120.
TNX (ten year note yield): I think that the market yield is headed
up to 3.00%.
Euro-US Dollar: The
market has dropped visibly below 1.10 support. I think it is headed to 0.96
over the coming months.
Dollar-Yen: Support is at 116. The bull market has
much further to go over the coming months. 140-45 is my longer term target zone
while 127-28 is near term resistance.
September Crude: I
am beginning to suspect that the bear market is oil is over and that this long
trading range is a precursor to a sustained advance. Meantime support is at 45.
December Gold: Gold
has made a new bear market low but is getting closer to long term support at
1030. I think a new bull market is likely to emerge from a low near that
support level.
September Silver: I think the bear market in silver may be over.
If so support is at 13.50.
Google: GOOG will probably
drop to 635 before its bull market resumes.
Apple: There
is no reason yet for thinking the bull market is over although the drop below
the 200 day moving average is cause for concern. Support at 117 has failed and
AAPL is headed for 100-105.
Facebook: Next upside target is 110. Support is at 80.
Twitter: TWTR is now headed for 25.
Alibaba: BABA is on its way to 70. Resistance above the market is at
85.
Visa: Upside target at 72 has been reached but there is no sign
that the advance is over. Next stop is 80. Support is still 63.
No comments:
Post a Comment