December S&P E-mini Futures: The
ES blew past 2578 resistance yesterday and now has reacted back to that level
which has become support. It looks like the shakeout low at 2655.50 ended the
drop from 2594.50. Upside targets are now 2614 and 2633.
QQQ: Short term support is
at 144. I think this average is headed
for 160 before a significant drop develops.
TNX (ten year note yield): If the 10 year yield can stay above the
2.15% level then I think deflationary fears have been put aside and the trend
upward to a 3.00% yield will continue.
Euro-US Dollar: Resistance at 117 has failed. The 118.75
level is likely to stop this rally. Should it fail then a swing up to 121-122
will be underway.
Dollar-Yen: A bull market is underway. Support is at 108.
Upside target is 126-27 then 136
West Texas Crude Oil: Crude is headed for its next upside
target at 63. Support now is at 49.
Gold: The 1290 level is resistance.
If it fails the ES is likely to continue up to 1390. Downside target is currently
1220.
Silver: Resistance is at 18.50. Silver is headed for 13.00 and below.
Google: Next upside target is 1070. Support is at 900.
Apple: Support still is at 144. Next upside target is
182.
Facebook: FB moved as high as 188 after its latest earnings news.
Support is at 170 and the upside target is 200.
Twitter: A high volume upside breakout from a one year trading range
appears to be underway. Breakout support is 18. As long as it holds TWTR is headed
for 34-36 with a temporary halt at 25 on the way up.
Alibaba: Support remains at 160. Next upside target is 199.
Visa: Upside target now is 120.
No comments:
Post a Comment