Spiders - December S&P E-mini Futures: The S&P’s should hold support at 850 and then resume their rally. Should 850 fail the next stop today would be the 825 level. QQQ: It looks like the Q’s are headed for 35.00.
TLT - December Bonds: I think a big drop is underway in the bonds. It should carry the market back to 111 or lower.
December 10 Year Notes: The notes are headed for the 110-111 zone.
Euro-US Dollar: The euro has resistance at 135 and will probably be trading in the 122-135 range for a while.
Dollar-Yen: The yen will move into the 101-102 range before starting another decline.
XLE - OIH - USO – December Crude: Crude is headed for 50.00 and resistance above the market stands at 65.00.
GLD - December Gold: I think gold will drop to 600. Resistance is at 775.
SLV - December Silver: Resistance above the market stands at 1125.
Google: Google is now headed for 250-260.