December S&P Futures: The S&P futures dropped a point below the initial 1260-61 support level and this morning have rallied back to initial resistance around 1265. I think there is still at least an even chance that the market will drop to 1256 before making new rally highs. Next step up will carry to 1282.
December Bonds: The bonds have started a new up leg which will probably carry to 113-25. Support today is at 113-07. I expect this market to rally into the 115-116 zone before the bear market resumes.
December 10 Year Notes: The notes appear to have begun a move to 109-28. Support today is at 109-06. I expect this market to move into the 111-112 zone before the bear market resumes.
December Eurocurrency: I think 117.00 will hold and that the next step up will carry to 121.00.
January Crude: The market has held resistance at 58.90 and now will move to the downside target at 54.20.
December Gold: The market is on its way to 507.
Google: Short term resistance is at 433 while support is now 410.