December S&P E-mini Futures: Today's range estimate is 1747-60. The market has been unable to establish itself above the high of Friday’s rally. It looks now like the ES is headed back to Friday’s 1736.50 low. A close below there would be very bearish, especially in light of the bearish behavior of the advance-decline line since its October 29 top.
QQQ: Support is at 80. A close below there would be very bearish.
TNX (ten year note yield): I think the market will move to 3.50% over the next few months.
Euro-US Dollar: The Euro broke below 1.3400 but so far has put in only one close below that level. However, resistance above the market is at 1.3500 and as long as the Euro doesn’t spend much time above there I will stick with my 1.28-1.30 downside target
Dollar-Yen: The dollar-yen is headed for 107.00.
December Crude: I think crude is headed back to 86 and possibly lower than that.
December Gold: The market is now headed below 1200.
December Silver: The market is now headed for 15.00.
Google: Upside target is now 1150 and support beneath the market stands at 970.
Apple: Upside target is 565 but a close below 510 would mean that AAPL is headed back to 400 or lower.