Wednesday, November 16, 2005

Guesstimates on November 16, 8:50 am ET

December S&P Futures: The S&P futures are headed for the next upside target near 1246. Support is at 1228.

December Bonds: The bonds made an important low at 110-12 and are headed for 115-08 at least.  Short term resistance is at 113-25 and support is at 111-16.

December 10 Year Notes: The notes are headed for  109-08 and should reach 111-00 over the next few weeks.

December Eurocurrency: I think the 117.00 level will hold and that the market will now rally to 118.90.

January Crude: The market is headed for 54.20 and meantime 59.80 is resistance.

December Gold: Support is at 465 and the next step up will be to 500.  

Google: Resistance is at 418 while support is at  379.

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