Guesstimates on December 13, 8:35 am ET

March S&P Futures: The market is headed for resistance in the 1437-39 zone.

March Bonds: The bonds are headed for 116-00. After that rally a break of 5 points or so will become likely.

March 10 Year Notes: The notes should rally to 110-16. Support stands at 108-14.

Euro-US Dollar: I think that a move to 116 and lower has begun. Resistance above the market is now at 133.10.

Dollar-Yen: I think a move to 121 and ultimately to 130 has begun.

January Crude: I expect crude to drop to 57.50 and then rally back to 63.00.

February Gold: Gold should now rally to 662. Any weakness below 620 would cancel this prognosis and mean that an extended drop has begun.

March Silver: I think silver now is headed for 1450-1460. After that I shall be expecting a drop below 940.

Google: Last January’s top at 475 is now support and I expect Google to resume its rally to 564.