Thursday, September 01, 2005

Guesstimates on September 1, 9:10 am ET

S&P Futures: A rally to 1268 has begun.  Support today is at 1209.

December Bonds: The market has stalled at the top of its box at 117-30, but I think it will rally above 119-00 before any break of more than a point occurs. A move into the 121-123 zone is underway.

December 10 Year Notes: The market will trade above 114-00 before any reaction of as much as a point occurs. The 116 level will be reached in a month or two.

Eurocurrency: The market has held  support at 121.70 and is no its way to 125.60.  

October Crude: There is very strong resistance in the 70.00 to 70.50 zone and I think the market will drop below 66.00 in a few days.

December Gold: The market should hold the 436 level, the bottom of its current box.  The next step up will carry to 468.      

Google: 272 is support; the next move up will reach 343.  

1 comment:

  1. great call on the Euro, Carl.
    Where to now

    ReplyDelete