December S&P Futures: Support today is at 1378. I expect to see the S&P’s trading at 1390 in a day or two. In any case I expect to see a 1400 print later this year.
December Bonds: Resistance is at 110-10 and I think the market will soon be trading at 109-20. Over the next few weeks the bonds should drop into the 107-108 zone.
December 10 Year Notes: The notes should soon be trading at 106-08. I think the market is headed down into the 104-16 to 105.16 zone over the next few weeks.
Euro-US Dollar: The Euro is headed down to 123.50.
Dollar-Yen: The yen should now rally to 121.00. I expect to see the yen at 130 next year.
December Crude: The market is holding 58.40 support and I expect a rally of 4 to 5 dollars to develop from current levels.
December Gold: Gold has begun a drop to below 500. The market should reach 545 in a week or so.
December Silver: Silver stopped 3 cents shy of 1220 resistance and now has begun a drop to below 900. The 1120 level is short term support.
Google: GOOG will soon reach its initial 507 target and then move on to its higher 564 target. Support is at 455.
Does the market's faster than expected rise mean we top out sooner than expected at the same price target (~1420, early instead of late November?)? Thanks - hats off to your fine work.
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