December S&P Futures: The S&P futures broke below 1260 support overnight but did hold the 1256 level. I think the next move will be upward to 1285.
March Bonds: Switching to the March contract. There is strong support at 112-04 and the next swing up should carry to 113-28. I expect this market to rally into the 115-116 zone before the bear market resumes.
March 10 Year Notes: Switching to the March contract. I expect support at 108-18 to hold and the next swing up to carry to 109-28. 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. If 117.00 does not hold the downtrend will continue at least to 115.50 before another rally can start.
January Crude: The market is approaching support at 54.20. I think a rally of five or six dollars will be the next big move.
December Gold: Support stands at 490. The market is on its way to 507.
Google: I expect support near 400 to hold and the next swing up should carry to 442.