Tuesday, July 05, 2005

Guesstimates on July 5, 8:40 am ET

S&P: 1192.50 will hold and then market should now head up to 1250.

Bonds: look for a rally of about a point from near the 117-00 level followed by a drop to 115-04.

10 Year Notes: look for a half a point rally from 112-08 followed by a drop to 111-12.

Eurocurrency: Support is still 118.90. Next big rally will carry above 125.

August Crude: headed for 62.00.

Gold: Broke support at 429 and so headed for 422.

Google: headed down to support near 275.

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