Wednesday, July 13, 2005

Guesstimates on July 13, 9:00 am ET

S&P: Support now stands at 1220 and the market should reach 1234 this week.

Bonds: Resistance is at 117-08 and downside target is 115-04.

10 Year Notes: resistance is at 112-08 and I am resetting the downside target downside targetto 111-00.

Eurocurrency: I think a rally to 124 has started. Support is 120.90.

August Crude: The market should stall near 60.85 and then head for the next downside target at 54.50.

Gold: I now think that support at 422 will hold and that the market will soon move above 444.

Google: headed up to 327.

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