Wednesday, July 06, 2005

Guesstimates on July 6, 9:00 am ET

S&P: Support is at 1201 and the next upside target is the 1/2 point of the next box at 1246.

Bonds: Should rally to 117-20 or so then continue the drop to 115-04.

10 Year Notes: Will probably rally to 112-20 then continue the drop to 111-12.

Eurocurrency: Support is still 118.90. Next big rally will carry above 125.

August Crude: headed for 62.00.

Gold: 422 is support and next upside target is 450.

Google: headed down to support near 275.

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