Monday, November 27, 2006

Guesstimates on November 27, 8:50 am ET

December S&P Futures: The market is headed for support in the 1396-98 range. The next development will then be a move up into the 1418-20 resistance zone.

December Bonds: I think that the bonds are headed for 115. Support stands at 112-24.

December 10 Year Notes: The notes should rally to 110-16. Support stands at 108-00.

Euro-US Dollar
: There is very strong resistance in the 131.50-132.00 zone. I think the next big move will be downward to 116 and below.

Dollar-Yen: I think the yen will find support near 115.00 and then resume its move to 121 and ultimately to 130.

January Crude: The 58.00 level remains support and I think the market will rally into the 62-63 range soon.

December Gold: I still think the market will make it up to 650 before and extended drop begins.

December Silver: I think we’ll see a 1360 print while gold rallies to 650 but in any case the next big move in silver will be downward.

Google: I think the rally will continue up to its 564 target. Support is at 485.

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