December S&P Futures: The market is headed for 1418-20. Support today is at 1399.
March Bonds: I think that the bonds are headed for 115. Support stands at 113-24.
March 10 Year Notes: Switching to the March ’07 contract trading 2 ticks over December. The notes should rally to 110-16. Support stands at 108-20.
Euro-US Dollar: The market has moved little past the 131.50-132.00 resistance zone but I still think that a move to 116 and lower is imminent.
Dollar-Yen: I think the yen will find support near 115.00 and then resume its move to 121 and ultimately to 130.
January Crude: Crude has a good chance of extending its rally to 65.00. Support is at 61.50.
February Gold: I am raising my upside target slightly to 662. From there I think an extended drop will start.
March Silver: Switching to the March contract trading 19 cents over December. Silver has broken well past my upside target so I think the market is now headed for 1450.
Google: Last January’s top at 475 is now support and I expect Google to resume its rally to 564.