S&P Futures: The 1240 level will be support today and I don’t think a break of more than 12 points is likely until the top of the box near 1268 is reached.
December Bonds: I still think that support at the ½ point of the current box near 115-28 will hold and that a move to 119-12 has started. The 121-123 zone is my target for the next couple of months.
December 10 Year Notes: The market broke below the bottom of the box at 111-12 early this morning but I don’t think it will drop below the ½ point of the next box at 110-28. The next swing will be upward to 113-24. The 116 level will be reached during the next couple of months.
Eurocurrency: Support for the September eurocurrency at 123.70 failed late last night but I do think that 122.75, the ½ point of the next box, will hold. The next big swing will be upward to 126.50.
October Crude: Support today is at the bottom of the box near 64.40. I think the market is headed for 55.50 over the next few weeks.
December Gold: The market is on its way to 468.
Google: 284 is support; the next move up will reach 343.