December S&P Futures: Support today is at 1379. Resistance above the market is at 1395. I think the S&P’s are about to start a break of 20-30 points. In any case I expect to see a 1415 print later this year.
December Bonds: Strength on the GDP news this morning means that the trend has turned upward in the bonds and that the market is headed for the 115 level. Support today is at 111-08.
December 10 Year Notes: The trend has turned upward and the notes are now headed for 110-16.
Euro-US Dollar: The market has moved above resistance in a rally that has lasted longer and gone farther than any rally since the 129.38 high in August. The euro is headed back up into the 129-130 zone.
Dollar-Yen: It looks like the trend in the yen has turned downward and that the market is headed for the 116-117 zone. I expect to see the yen at 130 next year.
December Crude: The market should rally into the 62.00 to 63.00 zone before turning lower again.
December Gold: I now think the market will head up to 613 or so before beginning its drop to 545 and below.
December Silver: It looks like silver can rally some more to 1250 or so before starting its drop to below 900.
Google: GOOG will soon reach its initial 507 target and then move on to its higher 564 target. Support is at 462.
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