December S&P Futures: I am leaning on the 1376 level and expecting the market to drop to 1362 and eventually into the 1350-55 zones. In any case I expect to see a 1400 print later this year.
December Bonds: I expect the bonds to hold support at 110-12 and then rally to resistance at 111-12. Over the next few weeks the bonds should drop into the 107-108 zone.
December 10 Year Notes: The notes are now headed down to 105-16 or so. Support today is at 106-16 while resistance is at 107-16. .
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 125.95.
Dollar-Yen: The yen should find support near 118.10 and then rally to 120.50. I expect to see the yen at 130 next year.
December Crude: Switching to the December contract today which trades 1.70 over November. The 58.40 level is now support and from there I am looking for a 4 or 5 dollar rally.
December Gold: I expect the market to turn lower from there and resume its drop to below 500.
December Silver: 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.
hi carl..
ReplyDeletein your comments on december gold, you've written that the market should turn lower from "there"...do you mind saying where exactly?
love your blog...its a daily staple...
june