December S&P Futures: Support today is in the 1390-92 range. This upswing should soon carry the market into the 1402-04 range and be followed by a break of 10 points or so. By the end of the month I expect the S&P’s to have traded in the 1410-20 zone.
December Bonds: The bonds have broken below my initial estimate of support at 113-02 but should hold the 112-24 level. I think this market is headed up to the 115-01 or so.
December 10 Year Notes: The notes are headed up to 109-16. Support is at 108-04.
Euro-US Dollar: The euro should find support near 127.70. I also think that the market will take out its June 5 high at 129.76 before the advance from 124.83 is complete.
Dollar-Yen: The yen should drop to 116.00 or so and then rally to 121.00. I expect to see the yen at 130 next year.
December Crude: The 58.50 level is still support today and I still think the market will rally to 62.00 or so.
December Gold: Support in gold is at 613. I still think the market will move up to 650 before an extended drop begins.
December Silver: Silver should reach 1350 before and substantial drop begins. Support is at 1255.
Google: GOOG will soon reach its initial 507 target and then move on to its higher 564 target. Support is at 463.
1 comment:
what's lies after the run to 1420?
A drop of 300 points or so?
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