December S&P Futures: The 1199 level is still resistance but minor support at 1186 was broken yesterday afternoon so I have to conclude that the market is headed for the 1159 level.
December Bonds: The bonds have held the 112-00 to 112-08 support zone. Minor resistance is at 113-08 and strength above that level would be very bullish. I still think a strong rally into the 121-123 range will start soon.
December 10 Year Notes: The last minor top was at 109-11 and strength above that level would be very bullish. I think a big rally lies just ahead.
December Eurocurrency: The 121.80 level is still resistance and the next low should be in the 117.50 to 118.50 range. After that a rally to 124 is likely.
December Crude: I still think prices are headed to the 64.40 resistance level. After that the market will drop well below 60.00.
December Gold: The market’s initial bounce off of support at 468-470 didn’t hold so I am looking for a further reaction to 463 before the rally can resume. The next step up should carry to 492.
Google: Support is now at 292. The bull market in GOOG is far from over and a move above 320 will be the next big development.
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