December S&P Futures: The market has reached the 1350 level. Support today is again at 1340. I think a 20-30 point reaction will begin from 1360 or so. Much higher prices are likely later this year.
December Bonds: Resistance is at 113-12 and the market is likely to drop to 112-00 before resuming its rally. I also think that the market will rally into the 114-115 range before a more substantial drop develops.
December 10 Year Notes: The market has reached resistance near 108-16 but should hold support around 108-00. I think the notes will rally into the 109-110 range before a more substantial drop begins.
Euro-US Dollar: The market has so far held support at 126.80 and as long as it does I shall stick with my 131.50 upside target.
Dollar-Yen: Since the euro-dollar is holding support I have decided to give the yen a little more room on the upside. So long as the yen holds resistance at 117.60 I shall stick with my downside target of 114.30.
November Crude: Resistance is at 64.00. I think the market will probably take a peek below 59.00 before an even bigger rally begins. I expect to see crude trading in the 50-55 range sometime during the next 6 months.
December Gold: I think a move below the 500 level is underway. Today resistance is again at 607.
December Silver: Resistance is at 1195. I think the market will soon resume its drop to below 900.
Google: Support is at 394 and I think GOOG will soon move above its all time high of 475.