December S&P E-mini Futures: Today's day session range estimate is 1219-1245. The down swing from the 1275 high is likely to end near 1195. I think that there has been a genuine upside breakout from the August-October trading range. If the market closes below 1208 this coming Friday I will reassess this view but failing that I think the current swing will put the ES above 1300.
QQQ: Now headed for 68.
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 at its historical low but will soon start a move to 4.50%.
Euro-US Dollar: Support is at 1.3500. I still think the trend in the Euro has turned up and that the market is headed for 1.5000.
Dollar-Yen: The market is headed down to 70.00. Resistance above the market is at 80.00.
December Crude: Resistance above the market at 94 has been taken out. I think this means that a more extended upswing is underway. It will probably take crude back to 114 or so.
GLD – December Gold: I think gold is headed for 2100.
SLV - December Silver: I think silver is headed for 50.00.
Google: Google is now headed for its 2007 top near 750.
Apple: Upside target is now 475.