Wednesday, December 09, 2009

Guesstimates on December 9, 2009

December S&P E-mini Futures: I think the e-minis are headed for 1040. Today's range estimate is 1080-1098.

QQQ: Support is at 42.50.

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: I still think gold has more to go on the upside. Meantime support is at 1130.

SLV - March Silver: The 1900 target has 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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