December S&P E-mini Futures: If
the ES can show strength above 2633 the next stop will be 2648. Otherwise there
is still a good chance of a drop of 30 points or so. In any case the market is
likely to reach 2860 during the next few months.
QQQ: Short term support is
at 148. 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: The 118.75 resistance has failed and the
ES is headed for 121.50. Support now is
at 118.00
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 54.
Gold: The 1295 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 1105. Support is at 990.
Apple: Support still is at 144. Next upside target is
182.
Facebook: Support is at 170 and
the upside target is 200.
Twitter: 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.
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