December S&P Futures: I still think the S&P’s will take a peek below 1367.25. If the market moves above 1377 I shall give up this scenario. In any case the next big move will be upward into the 1410-20 zone.
December Bonds: The bonds have dropped through the 112-00 to 112-08 support zone on the employment number and now will probably continue down to 111-12. I think the market is headed for 115-116 over the next few weeks.
December 10 Year Notes: The notes should find support near 107-16. I expect to see the market rally to 110-16 over the next few weeks.
Euro-US Dollar: The euro is headed back up into the 129-130 zone. Support today is still at 126.60 while the next upside target is 128.50.
Dollar-Yen: Should the yen close in New York above 118.10 today I shall conclude that it has begun its move to 121.00. In any case support below the market is at 116.10. I expect to see the yen at 130 next year.
December Crude: Crude held support at 57.20 and I think the market will now rally to 62.00 or so.
December Gold: Gold has moved as high as 629. Support is at 610 and I expect the market to break that level in the next couple of days. If it fails to do so I shall conclude that gold is headed back to 680.
December Silver: Silver has traded has high as 1273. Support is at 1220 and I expect the market to break below that level in a couple of days. If it fails to do so I shall conclude that silver is headed for 1360.
Google: GOOG will soon reach its initial 507 target and then move on to its higher 564 target. Support is at 463.