December S&P Futures: The market is now headed up into the 1410-20 range. I expect the S&P’s to be supported today near 1380.
December Bonds: The bonds have reached support at 111-12 but the reaction from 113-10 does not yet show any sort of three phase structure. So I think we shall see a couple of sideways days followed by a drop to 111-00 or so. Resistance above the market is at 112-04. I think the bonds are headed for 115-116 over the next few weeks.
December 10 Year Notes: The notes will probably rally to 107-28 and then drop to 107-00 or so before resuming the move to 110-16.
Euro-US Dollar: The euro is headed back up into the 129-130 zone. Support is still at 126.60 while the next upside target is 128.50.
Dollar-Yen: The yen in on the way to 121.00. I expect to see the yen at 130 next year.
December Crude: Crude has held support at 57.20 and I think the market will rally to 62.00 or so.
December Gold: Any strength above 630 will lead me to expect continuation up into the 670-680 zone. Support is at 610 in the meantime.
December Silver: Silver has traded has high as 1280. Any strength above that level will mean that the market is headed up to 1360.
Google: GOOG will soon reach its initial 507 target and then move on to its higher 564 target. Support is at 463.
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