Thursday, July 28, 2005

Guesstimates on July 28, 8:50 am ET

S&P: The market will hit 1257 in a couple of days; meantime 1227 is still support.

Bonds: The market Will hold the low of its current box at 115-04 and then rally to begin a move 116-18.

10 Year Notes: will hold 110-30 and then rally to 111-26.

Eurocurrency: will hold support is at 119.90 and then rally into the 125-126 range.

September Crude: Trading below resistance around 59.70 and the next move will be to 54.70, the 1/2 point of the next box.

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

Google: 292 is support and the next move up will reach 343.

1 comment:

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