Guesstimates on November 15, 8:25 am ET

Spiders - December S&P E-mini Futures: Today I will again be a buyer at 1463 using a 25 point stop. I think that Thursday’s low at 1437 in the e-minis will hold and that the market is headed for 1600 by year end.

QQQQ: The Q’s are headed for 56.00. Support is 48.85.

TLT - December Bonds: Resistance is at 114-24 and I think that the next big swing will be a drop to 110 and below. TLT is headed for 85 once this rally is over.

December 10 Year Notes: Resistance is at 111-28 and the next big swing should be downward to 108 or lower. The notes are on the way down to 108-00 and probably lower.

Euro-US Dollar: The market will probably rally to 148.50 but I think that will be it for the euro. My best guess is that the market will soon stall and then begin a multi-month drop.

Dollar-Yen: The yen should soon begin a substantial rally. Support is at 109.00.

XLE - OIH - USO – December Crude: I think crude has begun a substantial drop. Initial downside target is 74.00. USO should drop to 56, OIH to 160 and XLE to 60.

GLD - December Gold: I think gold futures still have a good shot at the 873 level which is the front month high reached in 1980. Support today is at 790.

SLV - December Silver: Silver will probably reach the 1650 level. Support is at 1435.

Google: It looks like GOOG will rally to 685. Support is at 626.