A drop in jobless claims put a bit more wind in the sails for stocks; which had already rallied this morning.  The ECB and BoE met; there were no surprises out of either.  There’s no other news out today; tomorrow morning is the Employment report for October. It’s out at 7:30; the consensus is for a drop of 175K for payrolls and the unemployment rate is expected to uptick to 9.9%.  I would expect many markets to consolidate ahead of tomorrow’s report.

Dec. S&P:  Back to unchanged. Last night’s break was the end of the spasm after the FOMC announcement.  Look for consolidation today-fade the moves.
Dec. NASDAQ:  NR4 breakout setup today.  Watch 1700 as an upside breakout point; 1675 down.
Dec. T Bonds:  Buy day; will the double bottom around 117-27 hold?
Dec. Euro FX:  Sell short day, but it’s holding a lot of yesterday’s gain. 14804 is support.
Dec. British Pound:  Should be a sell short day; but it’s not acting like it.  It’s bullish over 166.
Dec. Canadian Dollar:  It has an NR4 breakout setup; breakout points are 9350 down and 9419 up.
Dec. Gold:  Trade or Fade labeled today a breakout day (range contraction).  Watch 1085 down, 1100 up for breakout points.
Dec. Silver:  Another ToF breakout setup; it looks bullish.  Watch yesterday’s high of 1763.5 for an upside breakout point.
Dec. Copper:  Breakout day; watch 295.65 down, 300 up.
Dec. Cocoa:  Is this a flat bottomed triangle forming? (Bearish).  3269 is Fib retracement resistance; 3230 is the first support area.
March Sugar:  An ID/NR4 breakout setup; 2400 is the upside breakout point and 2325 down.
Dec. Coffee:  A directional move up after two doji days; Monday’s high of 143.10 is the upside breakout point with 145.40 as the first rally target.
Dec. Cotton:  An NR4 breakout setup; watch 69.20 and 67.13 for breakout points.
Dec. Crude Oil:  Strong Market; resistance is around $81.
Jan Soybeans:  Look for downside followthrough after hitting trend line resistance (1020-2) yesterday.  992-2 is Fib retracement support.
Dec. Soymeal:  It’s currently under trend line support at 300.00; there’s Fib retracement support of 298.80.
Dec. Bean Oil:  An NR4 and doji gives today a breakout setup; watch 37.03 and 37.75 for breakout points.
Dec. Wheat: Two doji days could give a directional move today.  There’s trend line support at 513-4; next support is 508.
Dec. corn:  A weak close yesterday gives a buy day setup today.  379 is support; 390-4 is resistance.

This is a sample of the analysis from my Swing Trader’s Insight advisory service. For information on STI, and to sign up for a free two week trial, visit here.

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