December S&P Futures: Support today is at 1398. The market is on its way into the 1418-20 zone. After that I shall be expecting another break of 30 points or so.
December Bonds: Resistance is at 113-12. I still think that the bonds are headed back down to the low of the current trading range near 111-16. After that the market should rally to 115.
December 10 Year Notes: The notes are headed down to 107-12 or so from which point they should rally to 110-16.
Euro-US Dollar: Support stands at 127.40. 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: A rally past 118.60 will turn me short term bullish again. Meantime I shall stick with my view that 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.
January Crude: The 58.00 level is still support today and I think the market will rally into the 62-63 range soon.
December Gold: Support in gold is now at 613. I still think the market will move up to 650 before an extended drop begins.
December Silver: Silver held support near 1255 and now should rally to 1350 before a substantial drop begins.
Google: GOOG will soon reach its initial 507 target and then move on to its higher 564 target. Support is at 463.
1 comment:
2 Low-Low to High pattern hit right now, November 16-19. 500 calendar day and the 1500 calendar day...
http://www.tradertom.com/images/Dow500calendardays_000.jpg
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