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.
1 comment:
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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