Tuesday, December 01, 2009

Guesstimates on December 1, 2009

December S&P E-mini Futures: Today's day session range estimate is 1098-1112. I think the market is headed for the 1130-40 range.

QQQ: Support is at 42.50. Upside target is 46.50.

TYX (thirty year bond yield): I think this market has begun a move to 5.00%.

TNX (ten year note yield): I think that the market has begun a swing up to 4.30%.

Euro-US Dollar: I think the market is headed for 160. Meantime support is at 147.50.

Dollar-Yen: I think the dollar-yen is headed down to 80.

January Crude: I think that crude is headed down to 50.00. Resistance is still at 81.00.

GLD – February Gold: Sentiment is very bullish. Even so I think that continuation upward to 1230 is likely.

SLV - March Silver: The 1900 target has nearly been reached. Still no sign of a top so continuation upward to 2100 is likely.

Google: Support is now at 535. This step upward will carry to 610.

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