December S&P Futures: I think yesterday’s 1378.25 high will hold for the rest of the week. The market will probably bounce from 1369-70 but should go no higher than 1376, yesterday’s close. I think the S&P’s have begun a drop into the 1350-55 range. I expect to see a 1400 print later this year.
December Bonds: Resistance above the market is at 110-28 and support below the market is at 109-28. The bonds are now headed down into the 107-108 area.
December 10 Year Notes: The notes are now headed down to 105-16 or so. Support today is a t106-16.
Euro-US Dollar: I think that the market is headed down to 124.50 and eventually much lower than that. Resistance today is again at 125.60.
Dollar-Yen: It looks like the yen has begun a corrective move that should carry down to 118.10 or so. I expect to see the yen at 130 next year.
November Crude: The 61.00 level should be temporary resistance but I think a bigger rally is underway and will carry the market into the 64.00-65.00 range.
December Gold: Resistance is at 599. I expect the market to turn lower from there and resume its drop to below 500.
December Silver: Resistance today is at 11203. From there silver should resume its drop to below the 900 level.
Google: Support is at 418 and I think GOOG will soon move above its all time high of 475.
Great call on BOT and CME. BOT easily went past your target and CME close to it. Do the targets remain the same?
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