December S&P Futures: The S&P futures have traded through resistance in the 1265-68 zone. Even so I think a reaction to 1260 is likely and the market may well drop a bit lower to 1256 before moving up again. In any case I think the next step up will carry to 1282.
December Bonds: The bonds have started a new upleg which will probably carry to 113-25. I expect this market to rally into the 115-116 zone before the bear market resumes.
December 10 Year Notes: The notes appear to have begun a move to 109-24. I expect this market to move into the 111-112 zone before the bear market resumes.
December Eurocurrency: I think 117.00 will hold and that the next step up will carry to 121.00.
January Crude: The market has held resistance at 58.90 and now will move to the downside target at 54.20.
December Gold: The market is on its way to 507.
Google: Short term resistance is at 433 while support is now 400.
1 comment:
carl:
BOT has been downgraded again to $87 price target. Does it change your view about stock hitting 153?
thanks
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