December S&P E-mini Futures: Today's day session range estimate is 1237-1257. The market rallied well above 1208-1218 resistance on news of central bank efforts to ease credit conditions. I am moving to the bullish side of the market in anticipation of a close tomorrow above last week's high at 1209. A rally from last week's low which matches the size of the October rally would bring the ES to 1370.
QQQ: Now headed for 63.
TYX (thirty year bond yield): The 30 year bond yield is on its way to 5.40%.
TNX (ten year note yield): The 10 year yield has started a move to 4.50%.
Euro-US Dollar: I suspect that the trend in the Euro is turning upward. A close Friday above 1.3568, last week's high, would convince me of this. In the meantime I am thinking in terms of an upside target of 140.50.
Dollar-Yen: The market is headed down to 70.00. Resistance above the market is at 80.00.
January Crude: An extended upswing is underway. It will probably take crude to 114 or so.
GLD – December Gold: I think gold is headed for 2100. Short term support is at 1675.
SLV - December Silver: I think silver is headed for 50.00.
Google: Google is now headed for its 2007 top near 750.
Apple: Upside target is now 475.