December S&P Futures: I am leaning on the 1376 level and expecting the market to drop to 1362 and eventually into the 1350-55 zones. In any case I expect to see a 1400 print later this year.
December Bonds: I expect the bonds to hold support at 110-12 and then rally to resistance at 111-12. Over the next few weeks the bonds should drop into the 107-108 zone.
December 10 Year Notes: The notes are now headed down to 105-16 or so. Support today is at 106-16 while resistance is at 107-16. .
Euro-US Dollar: I think that the market is headed down to 124.50 and eventually much lower than that. Resistance today is again at 125.95.
Dollar-Yen: The yen should find support near 118.10 and then rally to 120.50. I expect to see the yen at 130 next year.
December Crude: Switching to the December contract today which trades 1.70 over November. The 58.40 level is now support and from there I am looking for a 4 or 5 dollar rally.
December Gold: I expect the market to turn lower from there and resume its drop to below 500.
December Silver: Silver should resume its drop to below the 900 level.
Google: Support is at 418 and I think GOOG will soon move above its all time high of 475.
1 comment:
hi carl..
in your comments on december gold, you've written that the market should turn lower from "there"...do you mind saying where exactly?
love your blog...its a daily staple...
june
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