December S&P Futures: The market is headed for 1418-20. Support today is at 1398.
March Bonds: Switching to the March ’07 contract trading even with December. I think that the bonds are headed for 115. Support stands at 113-08.
March 10 Year Notes: Switching to the March ’07 contract trading 2 ticks over December. The notes should rally to 110-16. Support stands at 108-20.
Euro-US Dollar: There is very strong resistance in the 131.50-132.00 zone. I think the next big move will be downward to 116 and below.
Dollar-Yen: I think the yen will find support near 115.00 and then resume its move to 121 and ultimately to 130.
January Crude: The market has rallied into the 62-63 range. I think it has a good shot at reaching 65.00 soon.
February Gold: Switching to the February contract trading 6 dollars over December. I am raising my upside target slightly to 662. From there I think an extended drop will start.
March Silver: Switching to the March contract trading 19 cents over December. Silver has broken well past my upside target so I think the market is now headed for 1450.
Google: Last January’s top at 475 is now support and I expect Google to resume its rally to 564.
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