December S&P E-mini Futures: Today's day session range estimate is 1164-1181. It is very likely that the ES will close below 1208 Friday. This means that the weekly bar trend is downward. The minimum downside target is 1130. There is a good chance that the October 4 low will be broken also.
QQQ: Now headed for 50.
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: Support at 1.3500 has been broken. 1.3200 is now the downside target.
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.
