Tuesday, June 21, 2005

Guesstimates for June 21, 8:55 am ET

S&P: 1214 is still good support and the S&P should head higher from there.

Bonds: support is at the bottom of the box at 115-27 and the next step up should carry the market to the top of the box at 117-24.

10 Year Notes: support is at the bottom of the box at 111-31 and the next step up should carry to 113-10.

Eurocurrency: Support is 120.60 and from there the market should rally to 124.00.

August Crude: headed for 62.00 with resistance today at 61.00 and support at 58.40.

Gold: has reacted overnight to the 1/2 point of the box at 436 and now should rally to 449.

Google: 278 is now support for any reaction from 289. GOOG should next rally into the 308-312 range.

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