December S&P E-mini Futures: Today's day session range estimate is 1100-1140. The ES is headed for 1050 and then for 950.
QQQ: Now headed below 50.00.
TYX (thirty year bond yield): The 30 year bond yield is on its way to 5.40%.
TNX (ten year note yield): The 10 year yield is near its historical low but will soon start a move to 4.50%.
Euro-US Dollar: The market is now headed for its next support level in the 1.30-1.31 range.
Dollar-Yen: The market is headed down to 70.00. Resistance above the market is at 80.00.
November Crude: Resistance above the market is at 92 and the next step down should take it to 60. I think this is a bear market in crude which is likely to continue down into the 50-60 range.
GLD – December Gold: Gold s headed for 2060. Support is at 1740.
SLV - December Silver: A move to 50.00 and higher is underway.
Google: I think much bigger drop than I expected is underway. Downside target is 375.
Apple: Upside target is 435. Support is at 345.