S&P Futures: Support is still 1235 and the next short term target is 1268.
December Bonds: I think the next big move will be upward into the 121-123 range and that the August 8 low at 113-11 will not be broken in the meantime. Support today is again at Friday’s low of 114-14.
December 10 Year Notes: I think the August 8 low at 109-02 will not be broken before the market moves up to 116. Support today is again at Friday’s low of 110-16.
December Eurocurrency: The German election knocked the market through 122.70 support and I think it is now headed a full box lower to 120.80. I still think that the market will move up at least to 126.50 before the bear market resumes.
November Crude: I think the market has made a top near 67.30 resistance and will now move below 62.50. We should see the 55.50 level in a few weeks.
December Gold: Resistance near 468 is pretty strong and I expect a reaction from here. The 455 level is support. I think the bull market in gold has much further to go.
Google: 290 is support; upside target is 343.
1 comment:
Here is my response.
Take a look at my first post on MSFT. You can find it in my index of stock market posts. The only explanation I can offer is the one yu find in that post.
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