December S&P Futures: The 1199 level is still resistance . A move as high as 1206 would make it likely that the 1172 low last week ended the drop from 1250. Until then I think there is a good chance that the market will yet make it down to 1159 before the big rally I am expecting begins.
December Bonds: The bonds are holding above the 112-00 to 112-08 support zone. Minor resistance is at 113-08 and strength above that level would be very bullish. I still think a strong rally into the 121-123 range will start soon.
December 10 Year Notes: The last minor top was at 109-11 and strength above that level would be very bullish. I think a big rally lies just ahead.
December Eurocurrency: The 121.80 level is still resistance and the next low should be in the 117.50 to 118.50 range. After that a rally to 124 is likely.
December Crude: I still think prices are now headed to 59.00.
December Gold: The market’s should hold support at 463 and then rally to 492.
Google: Support is now at 292. The bull market in GOOG is far from over and a move above 320 will be the next big development.