Thursday, June 23, 2005

Guesstimates on June 23, 8:30 am ET

S&P: headed up to 1242 and won't go to 1214 first.

Bonds: Resistance at 118-22 today and support is at 118-06. (Added at 9:00 am: whoops! support is now at 117-26). The market will probably move above 119-00 and then drop below 117 again.

10 Year Notes: 113-24 is resistance today and support is at 113-08 but the market will probably move to 114-06 before dropping below 113 again.

Eurocurrency: Support is 120.60 and from there the market should rally to 124.00.

August Crude: headed for 62.00 with support at 58.40.

Gold: has reacted to 1/2 point of the box at 436 and now should rally to 449.

Google: should rally into the 308-312 range.

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