December S&P Futures: I think the market is on its way to 1418-20 resistance. Meantime support remains at 1398. After 1418-20 is reached I expect the S&P’s to drop 30 points or so.
December Bonds: I think that the bonds are headed for 115.
December 10 Year Notes: The notes should rally to 110-16.
Euro-US Dollar: I 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 is approaching the 116.00 support level. But this downside action is a breakout from a three week congestion zone so I now think the market will drop to 115.00 or so before a move to 121.00 begins. I expect to see the yen at 130 next year.
January Crude: The 58.00 level is again support today and I think the market will rally into the 62-63 range soon.
December Gold: I still think the market will move up to 650 before an extended drop begins.
December Silver: Silver should rally to 1350 before a substantial drop begins.
Google: GOOG has reached its initial 507 target. I think the rally will continue up to its higher 564 target. Support is at 485.
1 comment:
Carl,
Just wanted to say thanks for all your informative posts. Have a great Thanksgiving.
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