Spiders - December S&P E-mini Futures: Yesterday’s late rally turned the short term trend upward and it will remain so provided support near 840 holds. Upside target is 1050.
QQQ: It looks like the Q’s are headed up to 33.00.
TLT - December Bonds: The 121-122 zone is very strong resistance and I think the market will resume its longer term downtrend from there.
December 10 Year Notes: The 119-120 zone is very strong resistance and I think the market will resume its downtrend from there.
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 62.00.
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.