Swing Trading Strategies & Stock Picks Since 2003

Spiders - September S&P  E-mini Futures:  The e-minis have probably started a rally to the 1060 level. Support today stands at 890. 

QQQ: Support remains at 29.50 and the initial rally will probably carry to 34.00.

TLT - December Bonds: I think a big drop is underway in the bonds. It should carry the market back to 111 or lower. 

December 10 Year Notes: The notes are now headed for the 110-111 zone. 

Euro-US Dollar: The Euro has dropped as low as 132 and now should rally back to 139 or so. 

Dollar-Yen: My revised 99.00 target has been reached. I think this market will stabilize and the yen will soon begin a big rally. Short term resistance is now at 104.00. 

XLE - OIH - USO – November Crude: Downside target at 75 was nearly reached Friday. I expect crude oil to begin stabilizing but 75 is still likely soon. Resistance above the market is now at 88.00.    

GLD - December Gold: Gold still has resistance at 935.  I think gold will soon drop to 600. 

SLV - December Silver: Resistance is at 1390. Next downside target is 900.   

Google: Google has so far held support around 315 and will probably rally to 380 soon.