Spiders - December S&P E-mini Futures: I think a rally to 1000 is underway. The next upside target is 925. Support is at 860.
QQQ: The 25-26 zone is strong support and the Q’s have started a rally to 34.
TLT - December Bonds: The 130 level is short term resistance, and the market will probably reach the 1998 high at 135 before it turns lower.
December 10 Year Notes: The notes took out their 2008 high at 120 decisively and will probably reach 128 before turning lower.
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 – January Crude: My guess is that the market will stabilize around 40.00 and then rally $20 or so.
GLD - December Gold: The shorter term trend is gold has turned upward and should continue 850-60. After that I expect the market to begin a drop to 600.
SLV - December Silver: Resistance above the market stands at 1125.
Google: Google has reached the 250-60 target zone which should be the end of its drop from 747.