December S&P Futures: I expect the S&P’s to reach 1399 today and stall there for a day or two. By the end of the month the market should reach the 1410-20 range. Support today is in the 1387-88 zone.
December Bonds: The bonds are headed up into the 115-01 or so. Support is at 112-06.
December 10 Year Notes: The notes are headed up to 109-16. Support is at 107-24.
Euro-US Dollar: The euro is headed back up into the 129-130 zone. Support is still at 126.60 while the next upside target is 128.50.
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: I think the market will rally to 62.00 or so.
December Gold: Any strength above 630 will lead me to expect continuation up into the 670-680 zone. Support is at 610 in the meantime.
December Silver: Silver has traded has high as 1280. Any strength above that level will mean that the market is headed up to 1360.
Google: GOOG will soon reach its initial 507 target and then move on to its higher 564 target. Support is at 463.
1 comment:
Carl, now that we are just over two weeks from the top predicted in your last 3 Peaks Update, please let us have your current thinking on when we will reach the point from which the correction down to Dow 9800 will commense.
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