December S&P Futures: Support is at 1186 while the next upside target is now 1223. I think the market has started a move to 1350.
December Bonds: A close on Monday below 113-11 will mean that the longer term trend in the bonds has turned downward and that my long standing 121-123 target will not be reached for a couple of years. Resistance above the market now is at 112-16.
December 10 Year Notes: A close below 109-02 Monday will mean that the longer term trend has turned downward. Meantime resistance above the market is at 108-24.
December Eurocurrency: The market is trying to break above 121.80 resistance this morning. If it succeeds a big rally is likely to ensue.
December Crude: The 63.30 level is still resistance but it now looks like the market is headed for the next downside target at 57.90. The market should be trading below 56.00 soon.
December Gold: The market’s has held support at 463 and is now probably headed for 500.
Google: Has reached the short term target at 352 and support is now at 334. I think Google will trade well over 360 before its bull market is done.