Thursday, June 09, 2005

Guesstimates for June 9, 9:15 am ET

September S&P: support is at 1197 and the next swing up should carry to 1224.

Bonds: 117-30 is support but the rally from there will probably stop near 118-12. Then down to 117-00.

10 Year Notes: 113-04 is support but the supsequent rally will probably only carry to 113-24. then down to 112-16.

Crude: Almost made it to 52.00 overnight so look for a move to 53.30 then down again.

September Eurocurrency: should hold 122.20 level then up to 125.00.

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