December S&P Futures: The market’s rally will carry into the 1340-42 zone. From there a break of 10-20 points is likely. Much high prices are likely later this year.
December Bonds: I now think the bonds will rally to 111-29 before a move down into the 106-107 range begins.
December 10 Year Notes: The market should rally to 107-24 or so before a move down to 105 begins.
Euro-US Dollar: Resistance is at 127.60. The market is headed down to 122.50.
Dollar-Yen: The yen should hold the 116.90 level. Next upside target is 120.00. The yen should reach 130 over the next year.
November Crude: Switching to the November contract which trades about 0.55 above October. The market is headed for 58.80 with resistance above the market at 65.00. Ultimately the current drop will carry the market down into the 50-55 range.
December Gold: I think a move below the 500 level is underway. Today resistance is at 602.
December Silver: I think the market is on its way below 900. Today resistance is at 1150.
Google: Support is now at 399 and I think GOOG will soon move above its all time high of 475.
1 comment:
Hi Carl,
Just discovered your blog - its quite a find. Is there a time element to your work? For instance, you said that goog will exceed 475 soon. How soon is soon?
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