Tuesday, June 14, 2005

Guesstimates on June 14, 8:30 am ET

S&P: headed for 1224. Support at 1197.

Bonds: market is now headed back to 119-00.

10 Year Notes: 112-20 is support and market should now rally back to 114-00.

Eurocurrency: 120.85 is support. I expect a rally of at least 500 points to start here or at worst from 119.90.

Crude: 56.00 is resistance and next step down should reach 51.00

Gold: now headed for 436.

Google: 277 is support and market should next rally into the 308-312 range

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