December S&P E-mini Futures: The day session range estimate is 1100- 1112. I think the 1126 level will be reached within the next week or so.
QQQ: Next upside target is 45.60. Support is at 43.25.
TYX (thirty year bond yield): I think this market has begun a move to 5.00%.
TNX (ten year note yield): I think that the market has begun a swing up to 4.30%.
Euro-US Dollar: I think a sustained drop to below 120 is about to start.
Dollar-Yen: I think the 87.13 low will hold and that the yen will soon begin a move to 105.00.
January Crude: I think that crude is headed down to 50.00. Resistance is now at 81.00.
GLD – December Gold: Upside target at 1165 has been reached. Sentiment is very bullish. But there is still no convincing evidence for an imminent top. So I now think that continuation upward to 1230 is likely.
SLV - December Silver: The 1900 target has nearly been reached. Still no sign of a top so continuation upward to 2100 is likely.
Google: Support is now at 525. This step upward will carry to 610.