Looking Ahead: A Series of Longer Term Perspectives

• Posted by Greg Harmon
• on December 20th, 2010

Tonight begins a series of articles looking longer term at the major indexes and macro factors that influence them. These articles as a collection are intended to help frame the potential outcomes of the coming 12 months or so of the global markets. They are not intended to be a forecast per se, but to provide longer term deeper insight based on the current market structure. Each article is complete in itself, but the series together will provide a whole world focus, and as usual they will focus on price action, meaning there will be charts.

Tonight starts the series with a look at the Shanghai Composite and the Emerging market ETF, EEM. Over the rest of the year studies will be added nightly. The rest of the series will cover Crude Oil and Natural Gas, Gold and Silver, US Treasuries via the ETF TLT, the US Dollar Index, and the ETF’s for the major US Indexes QQQQ, IWM and SPY. The schedule below shows the original publishing date and has been updated with links to each article as they were published so that anyone interested in reading the total package over New Years Weekend can have them all in one place. I hope you enjoy them.

Monday December 20 – Shanghai Composite and EEM
SSEC – long term target of 4500 – 5175
EEM – LT target 75-85

Tuesday December 21 – Crude Oil and Natural Gas
WTIC – Mid term target of 112 – 120 and long term target of 148 – 167
Natural Gas – Long term target of 1.70 – 2.00

Wednesday December 22 – Gold and Silver
Gold – Long term target (end of 2011) 1700
Silver – Long term target 30 through mid 2012 before next step up to 36-40

Monday December 27 – US Treasuries (TLT)
TLT Long term target 77.41

Tuesday December 28 – US Dollar Index
US Dollar Index – Long term target 94 -105

Wednesday December 29 – IWM and QQQQ
Russell 2000, IWM – Long term target 111 -118
Nasdaq 100, QQQQ – Long term target 76 – 81.50

Thursday December 30 – SPY
S&P 500, SPY – long term forecast 172

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The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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