December S&P Futures: Support today is in the 1350-52 zone and the next development should be a rally to 1366 which in turn will be followed by a drop back to support. I am expecting a break of 25-30 points to start from the 1370-75 zone. I expect to see a 1400 print later this year.
December Bonds: 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.
Euro-US Dollar: I think that the market is now headed back down to 124.50 and eventually much lower than that. Resistance today is at 126.25.
Dollar-Yen: The yen has nearly reached resistance near 119.50. I think that it will rally a little more, say to 120.50 before a reaction of 150-200 pips starts. I expect to see the yen at 130 next year.
November Crude: I think the market will rally to resistance near 65.00. However I also expect to see crude trading in the 50-55 range sometime during the next 6 months.
December Gold: Resistance today is at 590. The market has turned down from a lower top and now is headed below 500.
December Silver: Silver has rallied more than I expected and now I am looking for a rally top near 1170. After that the drop to below 900 will resume.
Google: Support is at 394 and I think GOOG will soon move above its all time high of 475.
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