Tuesday, June 28, 2005

Guesstimates on June 28, 8:15 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: 119-10 is resistance and the market should now drop to 117-00 or so.

10 Year Notes: 114-06 is resistance and the notes will soon 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: has reached the 304-305 target zone. Will probably trade a few points higher todaybut the next 40 point move will be downward.

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