Monday, June 06, 2005

June 6 Guesstimates

Here are my very short term views on some markets:

S&P - today' low at 1193.20 should hold and the next step up will carry into the 1212 to 1215 range.

T-bonds - rally to 118-24 and then back down to 117-30 or 17-02.

10 Year Notes - 113-04 is support and a move up to 113-24 from there would be normal

Crude - the 55.00 level is good resistance and the next big swing should be downward.

Eurocurrency - headed up to 124.40.

Gold - 429 is a temporary halting price and a drop to 425 from there is likely.

Google - Up to 308. the 277 level is good support.

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