December S&P E-mini Futures: Today’s range estimate is 2053-2079. The
move up from the August low will eventually reach new bull market highs.
QQQ: 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 is headed lower. Downside target is 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.
December Crude: Support
is 35. Resistance above the market is at 50.
December Gold: Next
resistance is 1207. I suspect the bear market in gold may be over.
December Silver: I think the bear market in silver may be
over. If so support is at 13.50.
Google: On earnings news GOOG
has reached new highs for the bull market. The 760 level is the next upside target.
Support remains 620.
Apple: Temporary
resistance is at 118-120 while support is at 98.
Facebook: Support is still at 80. Next resistance is at 110-12.
Twitter: TWTR is headed for 18.
Alibaba: The next downside target is 50 and 75 is still resistance.
Visa: I think Visa is headed for 82 and eventually higher than that.
No comments:
Post a Comment