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.
what's lies after the run to 1420?
ReplyDeleteA drop of 300 points or so?