November 10, 2009, 7:00 am.... The Standard & Poor's 500 index futures are down 2.00 to 1089.60, as Britain's FTSE 100 added 0.3 percent, Germany's DAX was up 0.1 percent and France's CAC-40 down 0.2 percent. Meanwhile, Asia's rally ran out of momentum toward the end of the session, although it marked the region's third straight advance. Oil and gold prices softened, while the dollar slipped against the yen. Investors were cheered by an overnight surge in the U.S., where the Dow Jones rocketed 2 percent Monday to its best finish since Oct. 3, 2008. Also boosting traders' moods in Asia was news the Group of 20 major countries will keep economic stimulus measures in place, as well as relatively healthy earnings reports at Japanese companies, analysts said. Francis Lun, general manager of Fulbright Securities Ltd. in Hong Kong, said more signs of trouble for the global economy, including rising unemployment in the U.S., were nevertheless assuring investors that existing loose-money policies would continue. "It is a matter of twisted logic," he said. "They forget the fact that the economy is lousy and we are still in a recession." Japan's Nikkei stock average added 61.74 points, or 0.6 percent, to close at 9,870.73, and Hong Kong's Hang Seng edged up 0.3 percent to 22,268.16, though traded well of the day's highs. South Korea's markets gained 0.4 percent to 1,582.30. Shares were also higher in mainland China, Australia, Taiwan and the Philippines. But India's market fell 0.4 percent.... Oil prices drifted below $79 in Asia, with benchmark crude for December delivery down 83 cents to $78.60. The contract rose $2 overnight. In gold, prices slipped $1.6, or about 0.2 percent, to $1,099.8 an ounce. The dollar was trading at 89.72 yen, down from 89.95 yen. The euro edged lower to $1.4981.... Important test likely in the near term 1095 - 1112 trading range for Standard & Poor's 500 index. A breakout would warrant increasing investment allocation to the buy side with 1166.36 as primary mid-term resistance. Continue to use 1025.19 as support. Trade both sides of the market, taking profits, reducing laggards and remain committed with a upside bias.