Spiders - December S&P E-mini Futures: I still think that the S&P’s are headed into the 1050-1100 range. Support today is again at 940.
QQQ: The Q’s are headed for 36.00.
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 now 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 has rallied to resistance at 99 but my best guess is that it will reach the 101 level soon. The market rejected the 91 low decisively but the odds are that it will break to 89 before a rally well above the 100 level can start.
XLE - OIH - USO – December Crude: Resistance above the market stands in the 73-75 range.
GLD - December Gold: I think gold will drop to 600. Resistance is at 810.
SLV - December Silver: Resistance above the market stands at 1125.
Google: Google should rally to 425. Support remains in the 310-30 range.