U.S. STOCK INDEXES

The stock indexes are weaker in early morning electronic trading.

December S&P 500: The shorter-term moving averages (4-, 9- and 18-day) are neutral early today. The 4-day moving average is above the 9-day. The 9-day is below the 18-day moving average. Short-term oscillators (RSI, slow stochastics) are neutral early today. Today, shorter-term technical support comes in at 1,454.20. Sell stops likely reside just under that level. More sell stops likely reside under shorter-term technical support at 1,4500.00. Upside resistance for active traders today is located at Wednesday's high of 1,472.50 and then at 1,480.00. Buy stops are likely located just above those levels. Wyckoff's Intra-day Market Rating: 5.0

Today's key near-term Fibonacci support/resistance level: 1,465.00.

PIVOT POINT LEVELS FOR DECEMBER S&P 500:

Pivot:------------ 1,455.35
1st Support:------ 1,435.90
2nd Support:------ 1,401.20
1st Resistance:--- 1,490.10
2nd Resistance:--- 1,509.55

Nasdaq Index: The shorter-term moving averages (4- 9-and 18-day) are neutral early today. The 4-day moving average is above the 9-day. The 9-day average is below the 18-day. Short-term oscillators (RSI, slow stochastics) are neutral to bullish early today. Shorter-term technical support is located at 2,072.00. Sell stops likely reside just below that level, and then more sell stops are likely located just below technical support at 2,050.00. On the upside, short-term resistance is seen at Wednesday's high of 2,107.00 and then at 2,128.50. Buy stops are likely located just above those levels. Wyckoff's Intra-Day Market Rating: 5.0

Today's key near-term Fibonacci support/resistance level: 2,119.00

PIVOT POINT LEVELS FOR DECEMBER NASDAQ:

Pivot:------------ 2,075.50
1st Support:------ 2,044.00
2nd Support:------ 1,992.50
1st Resistance:--- 2,127.00
2nd Resistance:--- 2,158.50

December Dow: Sell stops likely reside just below support at 13,200 and then more stops just below support at 13,100. Buy stops likely reside just above shorter-term technical resistance at Wednesday's high of 13,350 and then just above resistance at 13,450. Shorter-term moving averages are bearish early today, as the 4-day moving average is below the 9-day and 18-day, but is turning up. The 9-day moving average is below the 18-day moving average. Shorter-term oscillators (RSI, slow stochastics) are bullish early today. Wyckoff's Intra-Day Market Rating: 5.0

Today's key near-term Fibonacci support/resistance level: 13,224

PIVOT POINT LEVELS FOR DECEMBER DOW:

Pivot:------------ 13,231
1st Support:------ 13,111
2nd Support:------ 12,916
1st Resistance:--- 13,426
2nd Resistance:--- 13,546

U.S. TREASURY BONDS AND NOTES

U.S. T-Bonds and T-Notes futures prices are firmer early today. No serious near-term chart damage has occurred this week.

December U.S. T-Bonds: Shorter-term moving averages (4- 9- 18-day) are bullish early today. The 4-day moving average is above the 9-day. The 9-day is above the 18-day moving average. Oscillators (RSI, slow stochastics) are neutral to bearish early today. Shorter-term technical resistance lies at 117 16/32. Buy stops likely reside just above that level. More buy stops likely reside just above technical resistance at Wednesday's high of 117 24/32. Shorter-term technical support lies at 117 even. Sell stops likely reside just below that level. More sell stops are likely located below support at the overnight low of 116 13/32. Wyckoff's Intra-Day Market Rating: 6.0

Today's key near-term Fibonacci support/resistance level:116 19/32

PIVOT POINT LEVELS FOR DCEMBER T-BONDS:

Pivot:----------- 117 4/32
1st Support:----- 116 17/32
2nd Support:----- 116 2/32
1st Resistance:-- 117 19/32
2nd Resistance:-- 118 6/32

December U.S. T-Notes: Shorter-term oscillators (RSI, slow stochastics) are neutral to bearish early today. Buy stops likely reside just above shorter-term technical resistance at Wednesday's high of 114.00.5 and then just above resistance at 114.08.0. Shorter-term moving averages are bullish early today. The 4-day moving average is above the 9-day and 18-day. The 9-day is above the 18-day moving average. Sell stop orders are likely located just below support at 113.10.0 and then more sell stops just below support at the overnight low of 113.04.5. Wyckoff's Intra Day Market Rating: 6.0

Today's key near-term Fibonacci support/resistance level: 113.05.0

PIVOT POINT LEVELS FOR DECEMBER T-NOTES:

Pivot:------------ 113.18.0
1st Support:------ 113.03.0
2nd Support:------ 112.25.0
1st Resistance:--- 113.38.0
2nd Resistance:--- 114.11.0