December S&P E-mini Futures: Today's day session range estimate is 1172-1190. I still think there has been a genuine upside breakout from the August-October trading range and this means that the market is headed for 1450 and higher over the coming months. However, for this view to remain viable the market would have to close this Friday above 1208. Failing this 1130 would become the downside target.
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 has started 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.
January Crude: An extended upswing is underway. It will probably take crude to 114 or so.
GLD – December Gold: I think gold is headed for 2100. Short term support is at 1675.
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.