Monday, June 27, 2005

Guesstimates on June 27, 8:25 am ET

S&P: support at 1193 should hold but if it doesn't then market will drop to 1183. After that a move to new highs for the year will begin.

Bonds: It looks like 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 the market is on its way to 124.00.

August Crude: headed for 62.00 with support at 58.40 and resistance at 61.00.

Gold: 438 is now support and gold appears likely to hit 449 before another small reaction starts.

Google: should rally to 304-305.

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