Friday, April 28, 2006

Guesstimates on April 28 , 8:50 am ET

June S&P Futures: Today support is at 1309 and I think the market is now on its way to 1350.

June Bonds: The day has begun bearishly and I suspect that the market will drop to 105-30 before it begins a multi-point rally.

June 10 Year Notes: The notes will probably drop to 104-26 before beginning a rally to above the 106 level.

Euro-US Dollar: The market has reached my upside target at 125.20 and the next big move should carry from here to below 116.

Dollar-Yen: The 112.50 level is my downside target. Support today is at 113.80 while resistance is at 114.80.

June Crude: The  upside target at the 74.30 level, the 7 5/8 multiple of the all time low at 9.75, has been reached and I think the market is on its way below $60.

June Gold: I looks like gold made its high at 649 and now is in the early stage of a drop to the 2 1/8 multiple of the 252 low which stands at 535.

May Silver: Yesterday’s 1315 high silver probably ended the rally and I think the maket will now begin a move to 920.

Google: Support is at 418 and I expect continuation up to 495 over the next few weeks.  

1 comment:

Anonymous said...

1.2640 was my upside target and the next big move is to 1.3100 :)