December S&P Futures: I expect resistance above the market at 1388-89 to hold today. The next significant swing should be downward to support near 1369. After that a move into the 1410-20 range should develop.
December Bonds: The trend has turned upward in the bonds and that the market is headed for the 115 level. Resistance is at 112-30 while support today is at 111-16.
December 10 Year Notes: The trend has turned upward and the notes are now headed for 110-16. Resistance above the market is at 108-04. Support today is at 107-16.
Euro-US Dollar: The euro is headed back up into the 129-130 zone. Support today is still at 126.30 while the next upside target is 128.50.
Dollar-Yen: It looks like the trend in the yen has turned downward and that the market is headed for the 116-117 zone. I expect to see the yen at 130 next year.
December Crude: The market broke right through what I thought was support at 59.20. It should hold 57.20 thought and then move up to 62.00 or so.
December Gold: Gold hit 613 yesterday but silver only made it to 1230. Weakness in gold below 600 will convince me that the market has turned down and is headed below 545.
December Silver: Silver made a slightly higher high at 1230 yesterday but hasn’t yet reached the 1250 target. Weakness below 1200 today will convince me that the trend has turned downward and that silver is headed below 900.
Google: GOOG will soon reach its initial 507 target and then move on to its higher 564 target. Support is at 466.
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