Spiders - December S&P E-mini Futures: The futures are headed down to 750-60. Resistance above the market today is at 850.
QQQ: The Q’s should hold support in the 25-26 zone and then resume their rally to 34.
TLT - March Bonds: The market has reached its 1998 high at 135 and should stall here before turning lower.
March 10 Year Notes: The notes 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 - February Gold: Gold has broken support at 760 and now is headed down into the 550-600 range.
SLV - March Silver: Resistance above the market stands at 1125. Next downside target is 650.
Google: Google has reached the 250-60 target zone which should be the end of its drop from 747.