December S&P E-mini Futures: The market broke briefly below the 1100 level late yesterday, but after this morning's employment news it retraced all of that break and more. I interpret this as a bullish rejection of prices below the 1100 level. If I am correct about this the market has resumed its rally to 1130-40. Support stands at 1106. I estimate today's day session range will be 1106-1120.
QQQ: Support is at 42.50. Upside target is 46.50.
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 the market is headed for 160. Meantime support is at 147.50.
Dollar-Yen: I think the dollar-yen is headed down to 80.
January Crude: I think that crude is headed down to 50.00. Resistance is still at 81.00.
GLD – February Gold: I think that continuation upward to 1230 is likely.
SLV - March Silver: The 1900 target has been reached. Still no sign of a top so continuation upward to 2100 is likely.
Google: Support is now at 535. This step upward will carry to 610.