December S&P Futures: The market did the opposite of what I expected yesterday and now appears on its way to the bottom of the box at 1180. From there a sustained rally to new bull market highs will start.
December Bonds: I think a move into the 121-123 range began from Friday’s low at 103-07. Next short term resistance is at 115-04.
December 10 Year Notes: I think move up to 116 started From the August 8 low at 109-02. Next short term resistance is at 110-04.
December Eurocurrency: The 121.80 level is resistance and the next step down should carry into the 117.50 to 118.20 range. After the next low a rally to 124 is likely.
November Crude: Prices should reach 63.30 resistance today and then resume its drop to 55.50.
December Gold: Headed for short term resistance at 488. Support is at 466.
Google: 300 is support; upside target is 343.