Friday, June 24, 2005

Guesstimates on June 24, 8:30 am ET

S&P: Should hold support at 1203 (at 8:55 I noticed that I had typed 1213 instead of 1203 and so corrected the mistake) and then rally to 1248.

Bonds: There is still resistance at 118-22 but I think the bonds will rally close to the top of the box at 119-10 before dropping a couple of points again.

10 Year Notes: 114-06 is resistance and once it is reached the notes will drop 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 and resistance at 61.00.

Gold: moving up from the 1/2 point of the box at 436 to 449.

Google: should rally to 304-305.

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