Monday, November 21, 2005

Guesstimates on November 21, 8:50 am ET

December S&P Futures: The S&P futures are headed for the top of the box near 1265. support is 1238.

December Bonds: The bonds will probably drop to support near 112-04 and then rally to 113-25.  

December 10 Year Notes: The notes will probably drop to support near 108-10 and then rally to 109-28.

December Eurocurrency: I think the 117.00 level will hold and that the market will now rally to 118.90 and then to 122.00.

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

December Gold: There should be a modest reaction from 490 back to 480 or so and the next step up should be to 507.

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

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