Friday, July 22, 2005

Guesstimates on July 22, 8:50 am ET

S&P: The market will hold above 1227 and then move up to 1257 next week.

Bonds: The market should hold the low of its current box at 115-04 and then begin a move 116-24.

10 Year Notes: Should hold 110-30 and then rally to 112-06.

Eurocurrency: I think the market has started a really into the 125-126 range.

Setpember Crude: The next downside target is the 1/2 point of the next box at 54.70.

Gold: Support is at 420 and the market has now started a move to 450.

Google: 285 is support and market should soon reach 327.
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1 comment:

  1. lleimgr7/24/2005 06:01:00 AM

    Good morning Carl,
    THE YUAN reevaluation reinforces your analysis, but may also raise the risk premium on the US interest rate structure>inducing a recesssion later. The Chinese have reduced in a second the price of their future purchases of us assets(energy)...!
    Laurent

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